The Central Bank Bond scam and 20 major financial crimes will be brought before the law, a policy document by the government said. This was affirmed in the second chapter of the policy document titled “an efficient Country Free from Corruption.” In that chapter, under the “Defeating Corruption” section it has also been said that…
Introduces Phone Anonymisation and Driving Hour Limits Keeping safety at the heart of rider and driver experience, Uber, the world’s largest mobility platform, announced two new safety features, Two-way Phone Anonymisation and Driving Hour Limits, as a part of their ‘Safety Never Stops’ campaign in Colombo. Two-way Phone Anonymisation, a new technology, will improve the…
The months of November and December were frequently marked with passenger cruises arriving from different parts of the world, and adding further to the number of tourist arrivals in Sri Lanka this year. Several cruise liners arrived during the past few months, including ‘’Costa Fortuna’’, ‘’Marella Discovery’’ Sapphire Princess’ ’and ‘’Mein Schiff 6’’ to name…
Singapore’s vogue startup Zilingo has acquired Sri Lanka’s SaaS startup nCinga in a $15.5 money and inventory deal, the 2 mentioned immediately. nCinga, based in 2013, affords an IoT platform to allow real-time manufacturing monitoring on manufacturing facility flooring and knowledge analytics instruments. Its acquisition is certainly one of Sri Lanka’s largest tech exits in current…
Sri Lanka’s tourism sector earnings were estimated at US dollars 2,806 million during the first ten months of 2019, compared to US dollars 3,538 million during the corresponding period of 2018, latest External Sector Performance report of the Central Bank of Sri Lanka outlines. Earnings from tourism were estimated at US dollars 223 million in…
The global emissions gap between government pledges and actions increases the risk of a rapid increase in the scope of climate regulation, Fitch Ratings says. Most countries lag substantially behind their existing Nationally Determined Contribution (NDC) pledges, let alone the emissions trajectories required to limit warming to 1.5C. The timings (2020 and 2023) of the…
The Food and Agriculture Organization of the United Nations (FAO) has launched a pioneering initiative – “Global Action for Fall Armyworm Control”, that aims to mobilize USD 500 million over 2020–22 to take radical, direct and coordinated measures to fight Fall Armyworm at a global level. Fall Armyworm is an invasive moth originating in the Americas. It…
For over a century, Galle Face has been Colombo’s prestigious ocean front green and the city’s ceremonial centre. Sitting majestically between the ocean, bustling metropolis and lake, this narrow, picturesque stretch of prime land is being transformed into a vibrant new cosmopolitan area. Today, with luxury property after luxury property appearing in this central zone…
Says expects beneficial impact on operating costs in public transport and carriage of goods CEAT Kelani Holdings, which manufactures nearly half of Sri Lanka’s pneumatic tyre requirements, has announced that it has already begun passing on the full benefit of the recent tax reductions to its customers. While every segment of tyre users would benefit…
‘Govt’s decision encourages local cultivators & SMEs’-COSMI’s Rajabdeen “More than half of Sri Lanka agricultural exports are spices & allied products 2018 spice exports at US $ 361 Mn Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI) hailed the government’s December 5 decision to block the re-export of minor export crops. COSMI President…
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