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China turns the screws on crypto, Bitcoin stumbles

SHANGHAI, Sept 24 (Reuters) – China intensified a crackdown on cryptocurrency trading on Friday, vowing to root out “illegal” activity and banning crypto mining nationwide, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks. Ten Chinese government agencies, including the central bank as well as banking, securities and foreign exchange regulators, said…

(0) Comments | September 24, 2021 4:50 pm


CDB Rankati Launches Its First-Ever Digital Art Competition ‘CDB Rankati Siththam Roo 2021’

Citizens Development Business Finance PLC, in celebration of World Children’s Day, announced the launch of their first-ever Digital Art Competition “CDB Ranketi Siththam Roo 2021”. The initiative will allow children to explore their creativity and express themselves through art and colour. The competition will be held virtually in accordance with the health and safety guidelines…

(0) Comments | September 24, 2021 9:57 am

Huawei Y series continues to amaze the youth with a bunch of value for money features

Huawei Y series is a revolutionary leap forward in the smartphone segment for the leading technology solutions provider Huawei. The Y series has unveiled several popular smartphones such as Huawei Y6p, Huawei Y5p and Huawei Y7a in the year 2020. These devices are significant in their class due to great value for money features, stylish…

(0) Comments | September 23, 2021 4:12 pm

HNB offers higher returns for foreign currencies with FC Advantage

In a bid to encourage foreign currency account holders to save in designated currencies, Sri Lanka’s most customer-centric private sector bank HNB PLC offered Foreign Currency Advantage (FC Advantage) savings account holders with higher returns. Offering exciting interest rates as high as 4.58% per annum for USD, FC Advantage can be operated in four designated…

(0) Comments | September 23, 2021 4:11 pm

SampathCards Offers ‘Call and Convert’, 0% Interest Extended Settlement Plans and More to Support Cardholders

SampathCards continues to extend greater assistance to cardholders at a time when people in Sri Lanka and around the world are faced with unparalleled financial challenges brought about by the global pandemic. Providing much needed support to cardholders, SampathCards seeks to assist them meet essential expenses such as healthcare, education, etc. that cannot be deferred….

(0) Comments | September 23, 2021 12:48 pm

SLT-MOBITEL Unleashes the Power of Fibre Technology with ‘Fibre for the Nation’

The world is connected digitally in more ways than ever before, and technology is everything. Nations and societies recognize the importance of keeping abreast with cutting-edge technology and high-speed connectivity as among the most essential components for growth; especially vital for an emerging digital economy to boost development, healthcare and education. SLT-MOBITEL as the National…

(0) Comments | September 23, 2021 12:23 pm

Fairfirst donates 100 Computers towards promoting an Equal Ground in Remote and Online Education for Children

#FairfirstWay refers to Fairfirst Insurance’s commitment to do good for the community that it serves. In line with this, Fairfirst Insurance recently donated 100 computers to the Department of Probation and Child Care Services to uplift and empower children’s education across several child development centres on the island. As we know, COVID-19 has impacted the…

(0) Comments | September 23, 2021 12:18 pm

realme reaches Top 6 in global smartphone rankings for the first time according to Counterpoint, making the leap as an industry giant challenger

realme, the world’s fastest growing smartphone brand, has been named as a Top 6 smartphone vendor in the global rankings, as data from Q3 2018 to Q2 2021 from industry analysis firm Counterpoint showed how realme leapt to a Top 6 ranking in a span of just three years, which is an unprecedented feat by…

(0) Comments | September 23, 2021 12:13 pm

Cybersecurity solutions and tech Sri Lankan CIOs must have right now

By Sunil Sharma Adversaries are getting more impactful and dangerous with each passing day. They learn from each other, exchange tools and knowledge and work like a community to launch sophisticated cyberattacks. Unfortunately, there are now many ways to gain an entry into an organization’s network and adversaries know all of them. If one approach…

(0) Comments | September 23, 2021 11:09 am

We need to talk about the ‘reload trap’

By Neville Lahiru Around the world, networking and telecommunications are constantly evolving as providers compete to claim the top spot in offering the best, most viable and affordable product, from facilitating a seamless networking experience, to ensuring easy accessibility with affordable pricing. But to what extent do providers stick to this commitment of really giving…

(0) Comments | September 23, 2021 10:08 am

INSEE Steps Up COVID Response Programme

The market leader for cement in Sri Lanka, INSEE Cement, has boosted its COVID response programme over the past couple of months to help the Nation to cope with the severe ongoing wave of the COVID-19 pandemic. Through its CSR and sustainability team, the Company has been engaged in five separate initiatives to provide relief…

(0) Comments | September 23, 2021 10:01 am

Top News

Asanga Seneviratne elected to the CSE Board of Directors

The Colombo Stock Exchange (CSE) announces the appointment of Mr. Asanga C. Seneviratne as a Director of the CSE Board with effect from 23rd September 2021. Mr. Seneviratne has previously served on the Board of the CSE as a Director during the period from 2013 to 2017. Mr. Seneviratne was a Founder/Director of Asia Capital…

(0) Comments | September 24, 2021 2:19 pm

Huawei: Innovating Nonstop for Faster Digitalization

Huawei’s annual flagship event for the global ICT industry – HUAWEI CONNECT 2021 – kicked off today. Huawei Rotating Chairman Eric Xu opened the event with a keynote speech titled “Innovating Nonstop for Faster Digitalization”. This year’s event, themed “Dive into Digital”, explores how digital technology can better integrate with business scenarios and industry know-how…

(0) Comments | September 23, 2021 11:17 pm

99x acquires Seeds Consulting as part of its growth strategy in Europe

Shortly after a group of investors, led by the Private Equity firm Herkules’ “Deal-by-Deal” team, invested in 99x, they have now completed the transaction to purchase Seeds Consulting AS. Led by founders and owners Jo Henrik Endrerud and Steinar Magnussen, Seeds Consulting has proven expertise in the development of digital solutions with multiple public sector…

(0) Comments | September 23, 2021 4:41 pm

The Swedish tech company pioneering equal parental leave in Sri Lanka with 4-months paid leave to both mothers and fathers

Understanding the importance of fathers playing a key role in the family after a newborn or newly adopted child, software development company Ascentic with offices in Sweden recently made history in Sri Lanka’s corporate sector by introducing a four-month paternity leave to its employees. This is a landmark milestone in the company’s efforts in embracing…

(0) Comments | September 23, 2021 4:32 pm

HIP signs MOU with Xiamen King Long United Automotive Industry Co. Ltd

The Hambantota International Port Group (HIPG) signed a Memorandum of Understanding (MoU) with Xiamen King Long United Automotive Industry Co., Ltd (King Long) in Fujian China, last week. This is a direct result of the investment promotion in Fujian, led by the Sri Lankan Ambassador in China Dr. Palitha Kohona and HIPG’s investment promotion team…

(0) Comments | September 23, 2021 2:05 pm

Ceylon Tea, Spices and Cashew attracts at World Food Istanbul trade fair

Pure Ceylon Tea, authentic Sri Lankan cashew and spices attracted large number of visitors to the Sri Lanka stand at the World Food Istanbul Trade Fair which was held from 09 to 12 September 2021 in Istanbul. The Embassy of Sri Lanka in Ankara organized B2B meetings through virtual platform for the Sri Lankan companies which displayed…

(0) Comments | September 23, 2021 1:11 pm

ADB Trims Developing Asia 2021 Growth Outlook to 7.1% Amid Continued COVID-19 Concerns

The Asian Development Bank (ADB) lowered its 2021 economic growth outlook for developing Asia, amid continuing concerns over the coronavirus disease (COVID-19) pandemic. ADB forecasts growth of 7.1% this year, according to an update of its flagship economic publication,  Asian Development Outlook (ADO) 2021. That compares with a projection of 7.3% in April. The growth outlook…

(0) Comments | September 23, 2021 12:19 pm

Immigrants & Emigrants Act to be amended to increase visa validity to 5 years for the purpose of encouraging foreign investors

The Immigrants & Emigrants (Amendment) Bill, which seeks to encourage foreign investors to extend the validity of visas to five years was considered by the Ministerial Consultative Committee on Defence Wednesday (22). Accordingly, the Committee agreed to present it to Parliament for a second reading. The Consultative Committee on Defence chaired by Hon. Chamal Rajapaksa,…

(0) Comments | September 23, 2021 12:03 pm
More Featured News


Cybersecurity solutions and tech Sri Lankan CIOs must have right now

By Sunil Sharma Adversaries are getting more impactful and dangerous with each passing day. They learn from each other, exchange tools and knowledge and work like a community to launch sophisticated cyberattacks. Unfortunately, there are now many ways to gain an entry into an organization’s network and adversaries know all of them. If one approach…

(0) Comments | September 23, 2021 11:09 am

Exports exceed a billion US dollars for the 3rd consecutive month

Sri Lanka’s merchandize exports in August 2021 recorded an increase of 14.4 % to US$ 1,083.56 Mn as compared to US$ 947.2 Mn recorded in August 2020 as per the data released by the Sri Lanka Customs. Export Development Board (EDB) Chairman, Suresh de Mel, commended the exporters and said it is remarkable to see…

(0) Comments | September 22, 2021 12:43 pm

Worshiping the moon in Mid-Autumn on September 21st

The Silk Road Journal by Mahika Ming Chinese nationals scattered across the globe celebrated the Mid-Autumn festival on the 21st of September cherishing the memories of loved ones. The celebrating of the Mid-Autumn festival according to Chinese sources dates back about 3000 years to ancient moon worshiping traditions. This intangible cultural heritage was officially listed…

(0) Comments | September 22, 2021 8:55 am
More Analysis


SLT-MOBITEL clarifies misinformation regarding the management of the Lanka Government Cloud and providing services to NMRA

SLT-MOBITEL’s attention has been drawn to recent media reports citing its management of the Lankan Government Cloud (LGC) server and provision of services to the National Medicines Regulatory Authority (NMRA). Several media reports published have stated that NMRA data which included confidential information on the formulation of drugs and other supporting documents had been allegedly…

(0) Comments | September 15, 2021 3:35 pm

Oxford College of Business ranked 9th ‘Best Workplaces in Asia’ for SMEs in 2021

Oxford College of Business, bagged the 9th spot in the “Best 100 Small and Medium Business” category, global firm Great Place to Work. The survey conducted by the global firm Great Place to Work reached out to 3.3 million employees from over 1,000 companies across 16 countries in Asia and the Middle East. It involves…

(0) Comments | September 9, 2021 12:02 pm

Union Assurance Disrupts the Future of Life Insurance with ClickLife

Colombo, Monday 7th December 2020; Union Assurance PLC, a John Keells Company announces the launch of ClickLife, a turnkey product that offers protection plans in a secure, streamlined, and user-friendly digital environment, providing users the unprecedented experience of obtaining protection in just a few clicks. “ClickLife reinforces our core philosophy and commitment to Protect the…

(0) Comments | August 25, 2021 9:06 am

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