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We can no longer rely on old economic model: President
President Ranil Wickremesinghe stated that there can be no reliance on old economic models any longer and there should be innovative thinking, while paying prompt attention to the global changes. The President made these remarks delivering the keynote address at the launch of the research reports on Sri Lanka’s economic reforms and the panel discussion […]
‘s stock exchange: Few people control it & few people rig it, says President
President Ranil Wickremesinghe says that he has questions about putting shares of the state-owned enterprises onto the current Stock Exchange. “What is the platform for restructuring? Many of you say, send it to the Stock Exchange.I have my questions about it. The Stock Exchange is today identified not with the London Stock Exchange,” Wickremesinghe pointed […]
Pan Asia Bank upgrades customer security with Epic Lanka’s access control server solution
Further consolidating its advanced Information Technology (IT) Infrastructure and Applications required for optimal functioning, Pan Asia Bank announced the installation of a holistic security platform to combat frauds during Credit and Debit card transactions. The 3D Access Control Sever (ACS) solution was developed for the Bank by Epic Lanka, Sri Lanka’s pioneer Fintech and payment […]
Pan Asia Bank partners Union Assurance to extend protection and healthcare to its valued customers
Pan Asia Bank recently signed an agreement with Union Assurance PLC to offer its valued customer base a wide range of Life, Health, and Investment insurance solutions. As part of this strategic tie-up, Union Assurance will work closely with Pan Asia Bank branches to provide comprehensive solutions to protect the lifestyles, dreams, and ambitions of Pan Asia customers. Pan Asia Bank’s Managing […]
Secretary of State reiterates United States’ support for people of Sri Lanka
US Secretary of State Antony J. Blinken met with Sri Lankan Foreign Minister Ali Sabry today in Phnom Penh on the sidelines of the ASEAN Regional Forum. Secretary Blinken congratulated Minister Sabry on his recent appointment. He reiterated the United States’ support for the people of Sri Lanka, highlighting over $179 million in U.S assistance […]
Colombo Port City Economic Commission 2nd Biannual Progress Report
This report covers the activities of the Colombo Port City project from January to June 2022, shared by the Colombo Port City Economic Commission (CPCEC/Commission). Development Control Regulations (DCR) for the entire project were gazetted in April 2022 and an awareness program on them was conducted by the Commission for Government officials in June 2022. […]
Global Food Price Inflation Likely to Fall Sharply in 2023: Fitch Ratings
World grain prices have fallen sharply in recent weeks, raising the prospect of a sharp drop in annual CPI food inflation next year, says Fitch Ratings in its latest Economics Dashboard. Grain prices surged at the start of the Ukraine war on supply concerns but there is renewed optimism that other countries will step up […]
Dutch Lanka Trailers exported new trailers to Australia from HIP
Locally manufactured trailers were exported to Australia from Hambantota International Port (HIP) on the RORO vessel ‘Atlas Leader’ which called at the southern port last week. The manufacturer, Dutch Lanka Trailers, has moved towards using this form of shipping of their trailers which is proving to be more cost effective than containerisation. This is the […]
Rootcode wins Startup of the Year and People’s Choice Award at SAARC Startup Awards 2022
Rootcode, one of Sri Lanka’s leading tech companies, recently took home the “People’s Choice Award” in addition to being bestowed with the “Startup of the Year” title at the SAARC Startup Awards 2022. This regional recognition marks a significant milestone for the Sri Lankan tech space and workforce. Rootcode’s mission to build great tech is […]