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Colombo Port City received approval for businesses of strategic importance
The Colombo Port City Economic Commission has achieved a significant milestone in its journey, to transform the Colombo Port City into a globally competitive special economic zone (SEZ). The Parliament of the Democratic Socialist Republic of Sri Lanka this week, approved a comprehensive incentives programme proposed by the Commission in consultation with the Minister of […]
A new constitution for clean cricket: Eran
We have a governance issue that we need to rectify by bringing a new constitution for Sri Lanka cricket, said Eran Wickramaratne MP of the SJB, addressing the Parliament today on the adjournment debate on Sri Lanka cricket. SJB Parliamentarian Hesha Withana had moved a resolution on the alleged irregularities in Sri Lanka cricket involving […]
‘s Q&A on Future of AI & Organisation Happiness
In anticipation of the keynote discussion ‘Mindful Solutions with Mo Gawdat’ organised by Cinnamon Hotels & Resorts, the former CBO of Google [X] and best-selling author, tackles some questions on the future of technology and human performance. Here’s a sneak peek into areas that will be spoken at the much-awaited discussion set to take place […]
Rootcode debuts Sri Lanka’s first ever Tech-Triathlon combining engineering, design and AI
Rootcode, a global software engineering company committed to building great tech, is hosting Sri Lanka’s first-ever Tech-Triathlon, a competition that combines Engineering, User Experience (UX), and Artificial Intelligence (AI) to upskill the next generation and foster a strong tech community in the country. The competition received 1180 registered participants from students all over the island. The […]
Sri Lanka Embassy organizes Food Festival in Israel
The Embassy of Sri Lanka in the State of Israel organized a Sri Lankan food festival featuring 32 traditional dishes showcasing the culinary diversity of Sri Lanka. The event was held at the residence of the Ambassador of Sri Lanka, in Tel Aviv. Invitees included members of travel and tour agencies, journalists, culinary writers, YouTubers, […]
CBSL imposes caps on interest rates on pawning facilities, pre-arranged temporary overdrafts & credit cards
The Monetary Board has decided to impose caps on interest rates on pawning facilities at 18 percent, per annum; on pre-arranged temporary overdrafts at 23 percent, per annum; and on credit cards at 28 percent, per annum, for all licensed banks. Further, the Board was of the view that penal interest rates need to be […]
Central Bank maintains policy interest rates at their current levels
The Monetary Board of the Central Bank, at its meeting held on 23 August 2023, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 11.00 percent and 12.00 percent, respectively. The Board had arrived at this decision following a […]
WindForce, Lakdhanavi & Singapore firm join forces on 100 MW renewable energy project with USD152Mn investment
WindForce PLC – Sri Lanka’s leader in renewable energy, in partnership with Lakdhanavi – the leading Independent Power Producer (IPP) in Sri Lanka, and The Blue Circle – a Singapore-based investment firm focused on renewable energy, has formed a consortium set to embark on a transformative power generation project that will reshape Sri Lanka’s renewable […]
Beyond Protection: How Motor Insurance Boosts Industries and the Economy
Awareness by the Insurance Association of Sri Lanka – IASL Traffic congestion, capacity constraints, and sweltering heat make traveling in public transport a stressful and draining experience in Sri Lanka. Vehicle ownership largely eases these difficulties and brings peace of mind to motorists. However, with the convenience of vehicle ownership comes an added level of […]
Opinion: Sri Lanka is Back in Business
By Kamil Kuthubdeen As Asian economies grapple with the challenges of growing interest rates and diminishing export demand, Sri Lanka, in comparison, stands as a unique case. Amid the twin effects of the COVID-19 pandemic and the Ukraine war, Sri Lanka emerges with a positive economic outlook. Tourism revenue and remittances from Sri Lankan overseas […]