Reaffirming its leadership in introducing state-of-the-art Mobile technology to Sri Lanka, SLT-MOBITEL, the National ICT Solutions Provider, has expanded its 5G pre-commercial trial network across main cities in the country; setting a pathway for customers to experience the transformational power of 5G technology in both Mobile Broadband and Fixed Wireless Access domains. Customers with a…
In another major step towards safeguarding the wellbeing of women and children from Sri Lanka’s estate sector communities, The Centre for Child Rights and Business (The Centre) in partnership with Save the Children, and key stakeholders, the Planters Association of Ceylon, Plantation Human Development Trust, Ministry of Women and Child Affairs announced the launch of…
There is much dialogue in SL about the current crisis, its causes, objectives and even possible outcomes. Some are at the Galle face demanding departures among other things. When analyzing views expressed at the beach, one might wonder whether they are clear on what they want. Showbiz personalities were seen going speechless when media asked…
The Minister of Foreign Affairs Prof. G.L. Peiris had discussions with the Ambassador of China in Sri Lanka Qi Zhenhong at the Ministry on 02 June, 2022. During the meeting, Ambassador Zhenhong briefed on the assistance provided to Sri Lanka and discussed matters pertaining to bilateral engagements and current developments in the country. While appreciating…
Reuters – Sri Lanka is aiming to attract well over $1 billion in foreign direct investment this year, an official said on Friday, as the country wrestles with its worst financial crisis since independence in 1948. These include proposals by Marubeni Corp (8002.T) and India’s Adani Group to set up renewable energy plants on the island, Renuka…
The Government of Sri Lanka has signed an MOU with the Indian based Adani Group to offer 500MW of Wind Plants to Adani Green Energy Limited following the granting of approval from the Cabinet. Adani, an Indian multinational conglomerate, have been offered the two best wind sites in Sri Lanka, namely Mannar and Poonarine, at…
Seeking more cash from India, sees Japan aid forthcoming Seeking rapid aid and longer extended fund facility from IMF Bloomberg – Bankrupt Sri Lanka can’t tap a $1.5 billion credit line from China as the Chinese are concerned the International Monetary Fund may force delays in repayment. “There is a condition in relation to the months of…
The Board of Investment of Sri Lanka (BOI) presented a five-year strategic plan with the expectation of attracting sustainable foreign direct investment (FDI) to Sri Lanka. A virtual round table titled “Investment Facilitation for Development: How Asian and Pacific Economies will Benefit” was held on 19 May in Bangkok, Thailand, jointly implemented by the International Trade…
Reuters – Sri Lanka seeks to secure around $5 billion in funding this year to cover repayments for fuel imports and other items bought through credit lines, and another $1 billion to bolster its foreign reserves, the prime minister’s office said on Thursday. The island nation is grappling with its worst financial crisis in over…
Sri Lanka’s palm oil industry is a relatively small one, but it is in a position to have a larger positive impact on the economic future of our country. Palm oil is one of the most productive and lucrative cash crops available anywhere in the world, and the industry has helped uplift millions of people…
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