The Information and Communication Technology Agency (ICTA) of Sri Lanka announced that an agreement was signed between the Ministry of Justice, the Department of Prisons, and ICTA to digitalize facilities for prison inmates, at a ceremony held recently. This initiative was introduced due to the safety and mental health concerns posed on the prison inmates…
Advocata’s Bath Curry Indicator (BCI) which tracks the monthly changes in the price of a basket of commonly consumed food items recorded the highest retail prices since 2019. Since 2019, prices have increased by 44%. This means that an average family, who spent Rs. 960 weekly on the BCI basket of food items in November…
Double digit growth recorded in seven export sectors Investment pipeline poised to expand current export basket further Accounting for 65% of all national exports and 85% of all national industrial exports, the Board of Investment today announced that total export earnings recorded as at date for the year, from enterprises under its purview, have surpassed…
The Sri Lanka Institute of Nanotechnology (SLINTEC), the first public-private research institute in Sri Lanka and a pioneer in Nano and advanced technology research in the country, has broken new ground once again in another pioneering venture, by conceptualizing and creating some remarkable products incorporating graphene, a material that been termed as the “Wonder Material…
Several members of the Board of Directors, including the Chairman and Director General of the Board of Investment (BOI), had decided to resign from their posts last week. However, the BOI said in a statement that the President had rejected the resignations. Following is the press release issued in this regard, The Board of Investment…
The foremost and most anticipated economic event of Sri Lanka, the Sri Lanka Economic Summit 2021 will commence today under the theme ‘Springboard for revival: Opportunity to reset’. The Chief Guest will be Finance Minister Hon. Basil Rajapakse while Governor of the Central Bank Ajith Nivard Cabraal will deliver the Keynote Address. The Economic Summit…
Uninterrupted supply through comprehensive production, imports and logistics optimization reaps positive results Operating at maximum production capacity with optimized distribution channels for a number of weeks, INSEE Cement has successfully helped to mitigate the cement shortage that was prevailing in the local market. INSEE Cement’s concentrated and immediate contingency measures across its entire operation at…
The Lanka Premier League (LPL) Kandy-based franchise has new owners as Vernost Marketing Technology Solutions CEO Pankaj Tripathi and Safexpay Founder and CEO Ravi Gupta have stepped forward to co-own the franchise in the upcoming second season of the premier T20 tournament of the country to be held from December 5 to 23, 2021. The…
A Standard for LP Gas is already formulated The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator and the designated regulator for the petroleum industry, together with Sri Lanka Standards Institute (SLSI) has already formulated a standard for the much-talked LP gas in September this year and is ready to regulate LP…
The IPO for Sri Lankan multinational software solutions provider, hSenid, opens at 9.00am today. Managed jointly by NDB Investment Bank and CT CLSA Capital, hSenid marks Sri Lanka’s first ever IT/BPM public equity issuance, allowing the public to invest in a whole new sector of the economy, and potentially Sri Lanka’s most promising sector for…
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