By Prof. Samitha Hettige The Belt and Road Initiative (BRI) is the 21st century Silk Road launched in 2013. The ancient Silk Road and the Maritime Silk Road which took Chinese produce to the world and vice versa was the first ever global economic expansion drive which took place before Columbus reached the Red Indians…
TRACE Expert City contributes to the GDP and employment of highly skilled professionals in Sri Lanka while being a catalyst for entrepreneurship, innovation, growth and sustainability of our nation. We are extremely concerned about the current economic crisis, the lethargic response of the executive and the legislature, and the continued failure to listen to the…
A Sri Lankan delegation, led by Hon. Minister of Finance Ali Sabry, participated in the 2022 Spring meetings of the International Monetary Fund (IMF) and the World Bank Group held in Washington DC during 18-22 April 2022. The delegation had meetings with several International Financial Institutions (IFIs), including the IMF and the World Bank, and…
Shuts down its 3G data network; 2G (voice and text) services to continue uninterrupted Airtel Lanka announced that it will be upgrading its network with additional LTE bandwidth and capabilities by shutting down 3G data services. This will allow Airtel Lanka’s 4G/5G services to be enhanced and improved, offering users a faster and consistent network…
In terms of Section 35 of the Monetary Law Act No. 58 of 1949, the seventy second Annual Report of the Monetary Board of the Central Bank of Sri Lanka was presented today (29.04.2022) to Hon. M U M Ali Sabry, the Minister of Finance, by Dr. P Nandalal Weerasinghe, the Governor of the Central…
For fashion ‘look, touch and feel’ is everything. So it can seem counterintuitive that the world’s largest brands could soon be creating outfits and accessories that will either partly or completely exist in a virtual space. But as much as it may seem like science-fiction, fashion brands are betting heavily on the metaverse. Morgan Stanley…
By Andy Mukherjee Bloomberg Opinion – What was good for Sri Lanka under British colonial rule 75 years ago may be worth a try again. Or at least that’s what Mark Mobius, the former emerging markets guru at Franklin Templeton Investments, seems to be suggesting. To regain the confidence of investors, the bankrupt Indian Ocean…
Minister of Foreign Affairs Prof. G.L. Peiris received Ambassador of Indonesia Dewi Gustina Tobing at the Foreign Ministry on 27 April, 2022 who briefed on the update of Humanitarian Aid to Sri Lanka from the Government of Indonesia. Ambassador Tobing briefed the Foreign Minister that pursuant to a request for essential medicines and medical equipment from…
The long-standing bond and the trust among the Japanese investors and Sri Lankan employees and their management lead to a visit of a Japanese delegation to the country recently. The Board of Investment (BOI) of Sri Lanka hosted the Japanese delegation headed by Mr Ruwan Nashiki CEO from Colombo International Airport Hotel project. Eng. Raja…
Annual Group top-line Rs. 694 billion; up 217% YoY Contribution to Annual Revenue from International Operations exceeds 95% Expolanka Holdings PLC has delivered a strong performance for the 2022 financial year (FY2022), through effective implementation of the Group’s ongoing strategic initiatives which have enhanced its operational agility and alignment with market conditions, while optimizing synergies…
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