Convenient and automatic monthly settlement of bills now possible for six widely-used utility companies in Sri Lanka Credit card holders of Commercial Bank of Ceylon can now automate paying their monthly bills of Sri Lanka Telecom (SLT) and Lanka Electricity Company (LECO) and enjoy uninterrupted services, following the addition of these two utility companies to…
The Information and Communication Technology Agency of Sri Lanka (ICTA) has taken steps to register small medium enterprises (SMEs) with the aim of directing the country’s IT and IT related services to the international market. Local IT SMEs that have registered with the AIMs (Access International Markets) national program, a pioneering initiative spearheaded by the…
TOKYO, May 30 (Reuters) – Toyota Motor Corp’s (7203.T) global sales rose by nearly 5% in April from a year earlier, boosted by stronger demand for hybrids and gasoline-powered cars in Japan and China. The Japanese automaker also reported better overseas sales of battery electric vehicles (EVs), bringing the total number of battery-powered units it sold in…
First Capital Holdings PLC (the Group), a member of the Janashakthi Group, announces its impressive financial results, and a remarkable turnaround from the previous year, marking the year ended 31st March 2023 its most successful in its 40-year history. The Group’s financial results exhibit an impressive feat, with a Total Comprehensive Income of Rs. 2.71Bn,…
Ambassador of Sri Lanka to Ethiopia K.K. Theshantha Kumarasiri presented his credentials to President of Ethiopia, Her Excellency Sahle-Work Zewde on 27 April 2023 at the Presidential Palace in Addis Ababa, Ethiopia. Following the presentation of credentials, Ambassador Kumarasiri was received in the audience by President Zewde, during which Ambassador Kumarasiri conveyed to President Zewde the…
Passports to be delivered to applicants’ residences within three days. The Immigration and Emigration Controller General, Mr Harsha Ilukpitiya, announced that President Ranil Wickremesinghe’s initiative to digitize public services includes the implementation of an online passport application system in the coming days. This new process aims to streamline the passport application process and ensure that…
Asian Development Bank (ADB) has agreed to provide a Special Policy Based Loan (SPBL) of USD 350 million, for Sri Lanka’s economic stabilization and strengthening governance. The program is aligned with the government plans of economic reforms and recovery. The loan of USD 350 million will be provided from ADB’s Ordinary Capital Resources. The SPBL…
An estimated 17 percent of the population is in moderate acute food insecurity in Sri Lanka, especially in the Northern, Eastern and Central Provinces, indicating an improvement compared to 2022. Food security in Sri Lanka is improving across all provinces, according to the Crop and Food Security Assessment Mission (CFSAM) report jointly carried out in…
During a press conference, MP Harsha de Silva addressed the challenges faced by Sri Lanka’s textile & apparel export sector. With a significant year-on-year decline of 17% in April, the industry has been severely impacted. De Silva emphasized the crucial role the textile & apparel industry played during the economic crisis, lending crucial support to…
MANILA, PHILIPPINES (29 May 2023) — The Asian Development Bank (ADB) today approved a $350 million special policy-based loan to provide budget support to Sri Lanka for economic stabilization. The program is part of a broader package of financial assistance anchored by the International Monetary Fund’s Extended Fund Facility for the country, which aims to…
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