As data and digital tools assume an ever-larger role in all aspects of our lives, it is increasingly important to have clear and effective rules governing the use of personal data through its life cycle and across different data ecosystems. Governments therefore are establishing a data protection regime which is a foundational step in developing…
NEW DELHI, March 14 (Reuters) – India is considering taking up a Russian offer to buy its crude oil and other commodities at discounted prices with payment via a rupee-rouble transaction, two Indian officials said, amid tough Western sanctions on Russia over its invasion of Ukraine. India, which imports 80% of its oil needs, usually…
Nations Trust Bank PLC adds value to customers by enabling digital signatures for transactions partnering with the ‘LankaSign’ digital certification authority powered by LankaPay. The digital signature is a safe and convenient feature that strengthens the Bank’s digital vision to enable a smooth digital banking journey by empowering customers to take control of their banking…
The Board of Investment (BOI) of Sri Lanka recently entered into an agreement with Exactpro Systems (Pvt) Limited, to offer independent software testing services for global capital markets. Followed by their expansion plan in July 2021 and the appointment of Jagath De Silva as CEO for Sri Lanka in September 2021, Exactpro continues to increase…
Reuters – A senior International Monetary Fund (IMF) official will be visiting Sri Lanka on Monday and Tuesday to brief President Gotabaya Rajapaksa on the fund’s assessment of the crisis-hit economy, Sri Lanka mission chief Masahiro Nozaki told Reuters. “While the IMF has not received a request for financial support from Sri Lanka, the staff…
As an initiative to attract more tourists from the Bangladesh market, the Sri Lanka Tourism Promotion Bureau (SLTPB) with the assistance of Sri Lanka High Commission in Dhaka and Sri Lankan Airlines organized a Familiarization (FAM) tour for two groups of the Bangladesh Travel Writers Association (BDTWA) and Tour Operators Association of Bangladesh (TOAB) for…
RBI issued a notification to initiate the $500 million line of credit provided by India to Sri Lanka, which would enable it to buy petroleum products Mumbai: Reserve Bank of India (RBI) on Thursday issued a notification to initiate the $500 million line of credit provided by India to Sri Lanka, which would enable it…
Moving ahead with the long-term objectives of Airport and Aviation Services (Sri Lanka) (Private) Limited to develop the airports and aviation industry of Sri Lanka, Colombo International Airport, Ratmalana (CIAR) implemented an aggressive strategy to utilize its resources effectively to contribute to the development of the aviation industry in Sri Lanka. As a result of…
The Colombo Stock Exchange entered into an understanding with Global Reporting Initiative (GRI) in 2018 to foster effective sustainability performance and communication among Listed Companies. The CSE and GRI, through multiple engagement initiatives have facilitated Sri Lankan Listed Companies to discover the business case and importance of embracing sustainability reporting. The collaboration offered the CSE…
Bloomberg – Sri Lanka said it expects a drop off in visitors from Russia, its top source of tourists, because of the war in Ukraine, according to a report from the nation’s Tourism Development Authority. The South Asian nation, which is spiraling into an economic crisis, is badly in needed of tourism revenues to help…
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