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The Knox Journals: Passwordless Future of Security
Being productive has never been easier, thanks to our devices. From smartphones to smart homes, our lifestyles are now incredibly connected. But as this connectivity grows, so do concerns around device and data safety. Samsung has made it a priority to give you peace of mind when using connected device ecosystems as Knox Vault, passkeys […]
JAAF calls for urgent action on business visa issue
The Joint Apparel Association Forum (JAAF) called on the Sri Lankan government to urgently resolve ongoing challenges related to the issuance of short term business visas, which have been halted since August 2. JAAF noted that all official foreign business visitors, including buyers, machinery suppliers, and technical service providers, have faced significant hurdles entering Sri […]
MV EVER ARM makes first call at SLPA controlled Colombo East Container Terminal
The container vessel MV EVER ARM made its first call at the Colombo East Container Terminal (CECT) on September 5, 2024. The vessel is part of Evergreen’s fleet, operating on the China-Europe-Mediterranean (CEM) route, sailing under the Taiwanese flag. This call marks a significant milestone for the Sri Lanka Ports Authority (SLPA), which operates the […]
CBSL Eases Conversion Period for Export Proceeds
The Central Bank of Sri Lanka (CBSL) has announced a significant relaxation in the rules governing the conversion of export proceeds into Sri Lanka Rupees. This move comes in response to recent macro-economic developments and changes in the domestic foreign exchange market. Accordingly, the Central Bank has issued the “Repatriation of Export Proceeds into Sri […]
Exponential increase in vessels arriving at Hambantota International Port for repairs & layups
There has been an exponential increase in the number of vessels arriving at Hambantota International Port (HIP) for repairs and layups this year, marking a significant boost in its operational growth. From January to August 2024, the port hosted 23 vessels for these services, a remarkable 53% increase compared to the 15 vessels during the […]
SEC issues new directions on Whitelist Indices
With the objective of protecting the interest of investors seeking Shariah compliant investments and rationalizing the construction and publication of Shariah compliant Whitelist Equity Indices in the capital market, the Securities and Exchange Commission of Sri Lanka (SEC) has issued new regulatory directions to Market Institutions and Market Intermediaries operating Whitelist Indices. Shariah compliant equities […]
Rampant Misuse of Public Resources Obstructs a Free and Fair Election: TISL
Transparency International Sri Lanka (TISL) expresses deep concern over the rampant misuse of public resources reported during the ‘Presidential Election 2024’. With 580 complaints received as of Wednesday, September 4, TISL urges the Election Commission of Sri Lanka (ECSL) to take immediate and decisive action to halt these violations and uphold the integrity of the […]
President Opens “The Mall” Duty-Free Shopping Complex in Colombo Port City
President Ranil Wickremesinghe officially opened “The Mall,” a newly constructed duty-free shopping complex in the Colombo Port City area yesterday (September 5). This marks the debut of the first urban duty-free shopping mall in the region, featuring a range of stores, restaurants, and various retail outlets. Notable international duty-free retailers, including One World, China Duty […]
Union Bank Partners With Prime Group
Union Bank recently joined hands with Prime Group to offer new homeowners the opportunity for flexible funding solutions through Union Bank Home Loans. A Memorandum of Understanding (MOU) was signed between the two entities in the presence of Chaya Jayawardane, Senior Vice President Retail Banking (Union Bank) and Nalinda Heenatigala, Executive Director / Director Corporate […]
U.S. Embassy Announces Expected Arrival of Beechcraft King Air 360ER to Enhance SL’s Maritime Surveillance
The U.S. Embassy is pleased to announce that the Beechcraft King Air 360ER aircraft, donated by the United States to the Sri Lanka Air Force, will arrive in Sri Lanka next week. Funded by the U.S. Department of Defense’s Building Partner Capacity program, this donation, which originated in 2019, is part of a long-term collaboration […]