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Sri Lanka’s tech startup program spiralation opens for 2021 applications
Sri Lanka’s apex Government body in driving the tech-startup ecosystem, the Information and Communication Technology Agency of Sri Lanka (ICTA) is now calling applications for its national startup initiative ‘Spiralation’ for the ninthyear running. The Spiralation series has so far supported more than 90 successful startups across multiple industry verticals -including health, finance, agriculture, education […]
ICRA Lanka: Low-interest rates, Who are the winners and losers?
Key Takeaways § Price increase in treasuries have helped primary dealers and banks to realize substantial capital gains as much as 40-to-60 percent from March 2020 price levels. § Equities attracted a large number of local investors, as historically low interest rates on fixed income assets prompted them to seek alternative investments. Investors saw their portfolio valuations […]
ComBank becomes Sri Lanka’s first carbon-neutral bank
The Commercial Bank of Ceylon has become the first Sri Lankan bank to achieve carbon neutrality for the entirety of its operations, encompassing all 268 branches and its head office – a monumental milestone in the Bank’s commitment to the environment. Becoming a net-zero carbon company was one of Commercial Bank’s Green Goals, to be […]
Only solution for COVID-19 pandemic is vaccination: Cant afford lockdown
Sri Lanka’s President says only a vaccine can end the COVID-19 pandemic. Developing countries such as Sri Lanka cannot take lockdown measures or impose curfews that obstruct the economic activities of the country, the President’s office said issuing a statement. “The majority of our country’s income earners depend on informal livelihoods. Therefore, while the government […]
Our standard regular cylinders are available without a shortage in the market: Litro Gas Lanka
Litro Gas Lanka says that their standard regular cylinders are available without a shortage in the market and customers may order their LPG requirements by dialing 1311 or via the Litro Gas Home Delivery App. According to the company, all categories of Litro Gas Lanka cylinders are available to consumers without any shortage. Full statement
‘s Central Bank simplifies foreign exchange regulations
Sri Lanka’s Central Bank has revised regulations issued under the Foreign Exchange Act, No. 12 of 2017 (FEA) for further simplification and clarity improvement. The move expects to achieve greater efficiency in the conduct of cross-border foreign exchange transactions alongside further facilitating economic activities of the stakeholders through greater convenience of doing business. The revised […]
AI for software testing – trends and advantages.
AI-powered software testing has long since made its debut, and as with any cutting-edge technology, it’s here to stay. This isn’t surprising, considering how extensively AI and machine learning are being utilized across the business spectrum, for both large and small tasks. Software testing, on the other hand, has erred towards a few different types […]
Sarvodaya Development Finance embraces digitalization with Finetech Consultancy
During the recent global pandemic and ensuing lockdown periods businesses realized the importance of digitalization and embracing digital platforms to better serve their customers. As the world moves into the post-pandemic “new normal”, consumers themselves are looking for smarter, more efficient and convenient ways to go about their lives. Understanding this new paradigm shift is […]
VIDEO: India struggles to cope with Covid surge; Canada bans flights from India, Pakistan
India recorded a global record of 314,835 infections on Thursday, while deaths rose by 2,104, bringing its death toll to 184,657, according to the country’s Health Ministry. Mass cremations have begun in India as coronavirus deaths in the capital of New Delhi soar. Meanwhile, Canada is banning passenger flights from India and Pakistan for 30 […]
Importation of chemical fertilizers will soon be stopped completely, says President
President Gotabaya Rajapaksa stressed that the importation of chemical fertilizers will be completely stopped in the near future. The usage of chemical fertilizers leads to a better harvest. However, the negative consequences caused on human lives through pollution of lakes, canals and groundwater due to the chemical fertilizers outweigh the profit. The health sector has […]