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VIDEO: The AI Boom’s Multi-Billion Dollar Blind Spot
AI reasoning models were supposed to be the industry’s next leap, promising smarter systems able to tackle more complex problems. Now, a string of research is calling that into question. In June, a team of Apple researchers released a white paper titled “The Illusion of Thinking,” which found that once problems get complex enough, AI […]
“Dream Destination” Project Commenced Renovation of 100 Railway Stations
President Anura Kumara Disanayake stated that the primary objective of the current Government is not to pursue incremental reforms within the existing framework, but rather to transform and elevate the nation to a significantly higher level of development. The President emphasized that the current political leadership has already taken steps to break away from the […]
Union Bank Launches Trade Connect For Seamless Trade Services
Union Bank proudly unveiled Union Bank Trade Connect, a modern, fully equipped one-stop hub for all trade services. Union Bank Trade Connect was inaugurated by Dilshan Rodrigo, Director/CEO at the Bank’s Head Office and marks a new milestone in delivering seamless, efficient trade solutions to the Bank’s valued customers.
‘s historic Rs. One Billion Green Bond funds renewable expansion
Resus Energy PLC has made history with the launch of the country’s first-ever Green Bond issue by a local energy company, aiming to raise Rs. 1 billion to accelerate the nation’s transition to clean energy. The issue, scheduled to be opened on 25th June 2025, is also the country’s first Green Bond issue by a […]
Harshana Suriyapperuma Appointed New Secretary to the Ministry of Finance
President Anura Kumara Disanayake has appointed Dr. Harshana Suriyapperuma as the new Secretary to the Ministry of Finance. The letter of appointment was handed over to Dr. Harshana Suriyapperuma by the Secretary to the President Dr. Nandika Sanath Kumanayake this morning (23) at the Presidential Secretariat. Dr. Suriyapperuma has been involved in capital market regulation […]
Transparency International Sri Lanka Challenges the Companies (Amendment) Bill
Transparency International Sri Lanka (TISL) filed legal action on Thursday 19 June 2025, in the Supreme Court challenging the Bill to amend the Companies Act No. 07 of 2007. The petition has been filed in the public interest. The amendment introduces a critical anti-corruption tool – a Beneficial Ownership Information (BOI) register. TISL contends that […]
Sri Lanka calls upon all parties to take concrete steps to de-escalate the situation in the Middle East region
Sri Lanka is gravely concerned about the latest developments in the Middle East. We continue to call upon all parties to take concrete steps to de-escalate the situation. All concerned parties should return to dialogue and engage in intense diplomatic efforts to establish and maintain peace with a view to ensuring stability in the Middle […]
India to Facilitate Flights for Sri Lankans Leaving Iran
The Ministry of Foreign Affairs, Foreign Employment and Tourism informs all Sri Lankans in the Islamic Republic of Iran that the Government of Sri Lanka has made arrangements with the Government of India to assist Sri Lankans who wish to leave Iran by accommodating them in their flights. Accordingly, any Sri Lankans who wish to […]
Dimuthu Abeyesekera takes over as Chairman of the CSE
The Colombo Stock Exchange (CSE) announces that Mr. Dimuthu Abeyesekera, took over as the Chairman following the conclusion of the Annual General Meeting of the CSE on 19th June 2025, where the incumbent Chairman Mr. Dilshan Wirasekara, stepped down upon completion of his three-year tenure. Mr. Abeyesekera, who has served on the CSE Board for […]
CBSL Warns Against Misleading Overseas Property Investments, Threatens Legal Action
The Central Bank of Sri Lanka (CBSL) has issued a stern warning to the public regarding misleading advertisements promoting overseas investments in immovable properties and offering guidance on obtaining foreign financing for such ventures. The CBSL emphasizes that many of these advertised activities contravene the country’s foreign exchange regulations and has signaled its intent to […]