The upcoming Sri Lanka Economic Summit 2021, the foremost economic event of Sri Lanka is prepared to host a lineup of contemporary dialogues under this year’s theme ‘Springboard for revival: Opportunity to reset’. Day two of the event will feature a session dedicated to ‘Charting a Path towards a Technology Hub’ on 7th December, 2021….
Imposition of Administrative Penalties by the Financial Intelligence Unit (FIU) to Enforce Compliance on Financial Institutions during the Third Quarter of 2021 By virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions Reporting Act, No. 06 of 2006 (FTRA), financial penalties are imposed on Institutions…
The Silk Road Journal by Mahika Ming The human civilization revolving around China is more than 12,000 years old according to scientifically proven archaeological evidence. Rice cultivation, paper, magnets, the umbrella, the compass and gunpowder are few of the most important contributions made by the Chinese civilization to mankind. The ancient chronicles of Sri Lanka…
Project to commence operations in early 2023 The Board of Investment (BOI) of Sri Lanka entered into an agreement with Sino Lanka Group for its latest development – Sino Lanka Properties Two Pvt. Ltd., for a mixed development project at Rajagiriya. The agreement was signed by Board Members Dr. Harsha Cabral and Mr. Sanjay Kulatunga…
China National Vehicles Import and Export Co. Ltd, to invest in Vehicle Plant in Sri Lanka The Vice President of China National Machinery Import and Export Corp, Wu Yi, called on the Ambassador of Sri Lanka to China Dr. Palitha Kohona, 26 October 2021, at the Embassy to explore the possibility of establishing a vehicle…
Elon Musk, the co-founder Tesla and rocket company SpaceX, has added $122.3 billion to his fortune this year, pushing his net worth to $292 billion, according to the Bloomberg index. He is the first man to achieve such huge fortune. Musk’s individual worth is even more than the Daimler group and BMW group – both stand at…
BPPL Holdings PLC (BPPL) announced today its unaudited financial results for the six month period Apr ’21 to September ‘21. Net earnings for the six month period were Rs226 million or Rs0.74 per share, up by a steady 16% compared to the Rs195 million recorded in the previous year. Growth was largely driven by a…
On Wednesday, November 3, the ASEAN Foundation and Huawei will virtually host the Asia Pacific Innovation Day – Digital Talent Summit 2021. The online summit is aimed at bringing together policy makers, researchers and industry experts to share solutions and best practices in building a sustainable ecosystem that will help foster digital talents in Asia…
~Offers 100 room four-star facilities inclusive of pool, gym, restaurants, crew lounge and much more~ ~First Phase of the project to be ready as early as 2022~ The Board of Investment (BOI) of Sri Lanka entered into an agreement with Colombo International Airport Hotels Pvt. Ltd (CIAH) to construct the country’s first ever Airport hotel…
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the Oneworld alliance successfully commenced its flights to the French capital, Paris today after a lapse of six years. Accordingly, SriLankan airlines’ new service will operate scheduled flights between Colombo‛s Bandaranaike International Airport (BIA) and France‛s Paris Charles de Gaulle Airport (CDG) non-stop flights to…
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