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Vallibel One records a net profit of Rs. 4.47 Bn during the second quarter
Notwithstanding the macroeconomic constraints and conditions that prevailed during the year, Vallibel One Group remained focused on delivering steadfast value to its stakeholders. The Group recorded a revenue of Rs. 30.54 Bn for the second quarter, bringing the organization to reach a cumulative revenue of Rs. 58.26 Bn, resulting in a 5% increase against the […]
Sri Lanka Economic Summit 2023 kicks off
The Ceylon Chamber of Commerce will host the Sri Lanka Economic Summit 2023 on November 28th and 29th at the Shangri-La Hotel, Colombo, with President Ranil Wickremesinghe attending as the Chief Guest. The inauguration will also feature a Keynote Address and Fireside Chat with Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission of India […]
Bulgarian President seeks increased bilateral trade and tourism flows with Sri Lanka
Ambassador Dhammika Kumari Semasinghe presented Letters of Credence concurrently accrediting her as Sri Lanka’s Ambassador Extraordinary and Plenipotentiary to the Republic of Bulgaria with residence in Warsaw, Poland, to President Rumen Radev of Bulgaria, at the Presidential Palace in Sofia on 22 November 2023. The formal presentation ceremony was followed by a meeting between Sri […]
DeepSphere.AI and 10QBIT announce partnership to promote Sri Lanka as AI innovation and talent hub
DeepSphere.AI, led by the esteemed AI expert Jothi Periasamy, and 10QBIT under the leadership of UK-based technopreneur Sanj Chandran, have announced a monumental partnership. Facilitated by the innovation ecosystem AQCELLOR, this alliance aims to position Sri Lanka as a leading hub for AI, R&D, and innovation. Sanj Chandran, Founder and CEO of 10QBIT, shares his […]
Amana Bank marks successful Rights Issue with ceremonial CSE market opening
Having carried out a successful Rights Issue with the objective of meeting the enhanced regulatory minimum capital, Amana Bank recently listed its Rights Issue shares on the Colombo Stock Exchange (CSE) which was marked by the ceremonial bell ringing to commence market trading. The occasion was graced by Amana Bank’s Chairman Asgi Akbarally, Managing Director/CEO […]
VIDEO: What is OpenAI’s super-secret Project Q*
A breakthrough in artificial intelligence at OpenAI preceded former CEO Sam Altman’s firing and was part of a list of the board’s grievances, according to sources cited in a Reuters report. Andrew Chang explains what we know about the AI technology referred to as Q*, and also breaks down the gap between current AI technology […]
Quick chat with celebrity Chef Gary Mehigan
The renowned Celebrity Chef and former judge of MasterChef Australia, Gary Mehigan, engaged in a brief online discussion ahead of his highly anticipated trip to Sri Lanka at the end of the month. The culinary maestro is set to captivate Sri Lanka during a three-day culinary extravaganza, in partnership with Cinnamon Hotels & Resorts. From […]
| Ilya Sutskever
Just weeks before the management shakeup at OpenAI rocked Silicon Valley and made international news, the company’s cofounder and chief scientist Ilya Sutskever explored the transformative potential of artificial general intelligence (AGI), highlighting how it could surpass human intelligence and profoundly transform every aspect of life. Hear his take on the promises and perils of […]
Public officials are duty bound to discharge public trust reposed in them: Eran
Eran Wickramaratne SJB MP stressed that it is the rule of law that is our biggest defence. SLPP MP Namal Rajapaksa on November 20th, is on record referring to the Supreme Court landmark verdict questioning the right of the petitioners to challenge government policies in the court. Mr. Wickramaratne remarked that the questioning was hilarious […]
Headline inflation is expected to converge towards 5-pct level over medium term, says CBSL
Sri Lanka’s Central Bank says that the spillover effects of tax measures and other developments are likely to be muted due to subdued underlying demand pressures; hence, this rise in inflation is expected to be transitory. A one-off upward movement in inflation is expected in the near term, driven mainly by the changes to the […]