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As officials of the Colombo Port City Economic Commission, a better sense of responsibility should be exercised – The Committee on Public Finance expresses its collective displeasure

There is no official website for the Colombo Port City Economic Commission The Committee questions the Commission on the delay in the submission of audit reports to Parliament The Committee on Public Finance chaired by Hon. (Dr.) Harsha De Silva, Member of Parliament unanimously expressed its displeasure over the operations of the Colombo Port City…

(0)Comments | January 11, 2023 9:42 am

Nestlé Lanka receives carbon footprint verification for its upstream coconut value chain from the Sri Lanka Climate Fund

Helps the company in its journey of achieving net zero emissions by 2050 Nestlé Lanka successfully completed the coconut value chain analysis from raw material acquisition up to reception at its Kurunegala factory and received carbon footprint verification from the Sri Lanka Climate Fund, making the company the first in Sri Lanka to complete the…

(0)Comments | January 10, 2023 4:51 pm

The next 25 years

President informed the Cabinet of Ministers that the following actions would be taken with the objective of accomplishing the progress of the socio – economic, cultural and political sectors within the next 25 years. (i) Establishment of the following institutions Institution on History Institute of Economic and Trade Institute of Women and Gender University of…

(0)Comments | January 10, 2023 3:58 pm

Microsoft in talks to invest $10 bln in ChatGPT owner -Semafor

Reuters – Microsoft Corp (MSFT.O) is in talks to invest $10 billion into OpenAI, the owner of ChatGPT, which will value the San Francisco-based firm at $29 billion, Semafor reported on Monday, citing people familiar with the matter. The funding includes other venture firms and deal documents were sent to prospective investors in recent weeks, with the…

(0)Comments | January 10, 2023 3:55 pm

French collaboration for capacity building in Sri Lankan Rubber industry

The Ministry of Plantation Industries of Sri Lanka entered into a Memorandum of Understanding with a French expert in the rubber industry, KSAPA, for capacity building of Rubber Smallholders in Sri Lanka. A Memorandum of Understanding (MOU) between the Ministry of Plantation Industries of Sri Lanka and KSAPA was finalised with KSAPA Managing Director, Raphael…

(0)Comments | January 10, 2023 3:26 pm

AmCham and USAID collaborates with SLINTEC to accelerate the growth of the country’s renewable sector

Sri Lanka Institute of Nanotechnology (SLINTEC), the first public-private research institute in Sri Lanka and the pioneer in nano and advanced technology research in the country, recently concluded two successful discussions and visits with AmCham and USAID, to initiate collaborations where they will work with both organizations to contribute towards the innovation and growth of…

(0)Comments | January 10, 2023 2:16 pm

Fortinet SAARC Partner Sync Conference unveils emerging business opportunities for partners in 2023

Fortinet recently hosted its annual SAARC Partner Sync conference at Hotel Conrad Cairo in Egypt, bringing together over 170 partners to discuss emerging trends and opportunities in the field of cybersecurity. During the conference, Fortinet experts delivered a series of keynotes highlighting the evolving security landscape and provided critical insights into today’s most pressing cybersecurity…

(0)Comments | January 10, 2023 2:00 pm

New RORO business to Hambantota International Port in 2023

HIP’s RORO numbers, which is expected to increase rapidly this year, was endorsed by NYK vessel MV HERMES LEADER, which arrived at the port this week, with new volumes. A total of 1156 units which came from India will be transshipped to South Africa, Jordan, Sudan and Tanzania. “While NYK has transshipped vehicles from Hambantota…

(0)Comments | January 10, 2023 8:04 am

ICTA seeks to enhance cooperation with Bangladesh ICT Sector

The High Commission of Sri Lanka in Dhaka organized a virtual meeting with the participation of the Information Communication Technology Agency (ICTA) in Sri Lanka and the Bangladesh Association of Software and Information Services (BASIS) on 05 January to explore the opportunities of enhancing cooperation in the ICT sector and digital economy of both countries….

(0)Comments | January 10, 2023 7:42 am

Sri Lanka’s Lenders Should Cancel Debt, Academics Say in Letter

(Bloomberg) – Sri Lanka’s bondholders aren’t living up to their obligations and should cancel debt to allow the country to get out of its economic crisis, a group of international academics said in a letter. Private creditors own almost 40% of the country’s external debt, mostly in the form of International Sovereign Bonds, but higher interest…

(0)Comments | January 9, 2023 3:06 pm

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