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89% of IT leaders worry GenAI flaws could negatively impact their organization’s cybersecurity strategies
Sophos, a global leader of innovative security solutions for defeating cyberattacks today released a new report, “Beyond the Hype: The Businesses Reality of AI for Cybersecurity,” which surveyed 400 IT leaders on their use of AI in security. The survey found that, despite 65% having adopted generative artificial intelligence (GenAI capabilities), 89% of IT leaders […]
The Japan Sri Lanka Technical and Cultural Association announces JASTECA awards 2025
The Japan Sri Lanka Technical and Cultural Association (JASTECA) announced the launch of the prestigious JASTECA Awards 2025, reaffirming its commitment to recognizing Sri Lanka’s top-performing organizations in 5S, Kaizen, and Corporate Social Responsibility (CSR) practices. Since its inception, JASTECA has been a pioneer in advancing workplace excellence, operational efficiency, and sustainability. This year’s event […]
Alliance Finance Company Launches Green Bond on the Colombo Stock Exchange
Alliance Finance Company PLC (AFC), Sri Lanka’s oldest operating non-banking financial institution, marked a significant milestone with the issuance of its Green Bond on the Colombo Stock Exchange (CSE). The bell ringing ceremony, held on 27th February 2025 at the CSE Trading Floor, symbolized the company’s commitment to sustainable finance and responsible investment. The Listed, […]
Japan to Invest in Sri Lanka’s Digital Transformation and Port Development
President Anura Kumara Disanayake met with Ambassador of Japan to Sri Lanka, H. E. Mr. Akio ISOMATA, this morning (27) at the President’s Office. During the meeting, the Ambassador officially invited President Disanayake to visit Japan and expressed appreciation for the new government’s policy framework. The Japanese Ambassador stated that efforts have been made to […]
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Sri Lanka’s Central Bank has issued a warning regarding the unauthorized use of the terms ‘finance,’ ‘financing,’ and ‘financial’ in business names and descriptions. According to Section 10(2) of the Finance Business Act, No. 42 of 2011, only licensed finance companies and certain specified institutions are permitted to use these terms, either alone or in […]
Opinion: Will NPP’s maiden budget discourage private investment and FDI?
By Indika Hettiarachchi Sri Lanka is a capital staved nation urgently in need to boost private investment to catalyze economic development. In such background it is rather an unusual move for Sri Lanka to increase Capital Gain Tax (“CGT”) to 30% from 10%. This will place Sri Lanka among countries with highest CGT applicable for […]
Opinion: 2025 Budget; A Catalyst for Capital Market Development & Enhanced Corporate Governance
By Uddeepa Peiris Sri Lanka’s 2025 budget, introduced by President Anura Kumara Dissanayake, aims to revitalize the nation’s economy post-crisis. This article examines how the budget’s provisions are poised to stimulate capital market growth and strengthen corporate governance. Key initiatives include tax reforms, infrastructure investments, and the restructuring of state-owned enterprises (SOEs), all designed to […]
First Set of Vehicle Imports to Arrive at Hambantota International Port
The first set of vehicle imports for the local market after the ban was lifted will arrive on Thursday, the 27th at midnight, the Hambantota International Port said. The lifting of the import ban, which had been in place since early 2020, has been met with both anticipation and concern. The reintroduction of vehicle imports […]
CBL Group expands global footprint with entry into Kenya
CBL Group, a food conglomerate, has entered the Kenyan market by establishing a distribution hub as part of its strategic move to strengthen exports and establish a foothold in East Africa. This expansion aligns with the company’s long-term growth strategy to extend its global reach and cater to new consumer segments. “We are in the […]
Gourmet Galle welcomes Tom Parker Bowles to Colombo and Galle
Gourmet Galle hosts Tom Parker Bowles, son of Queen Camilla, at 1864, Galle Face Hotel in Colombo for an unforgettable Royal Banquet. Gourmet Galle brings its signature culinary extravagance to Colombo, welcoming the award-winning food writer, renowned restaurant critic, and royal food historian. Known for his deep dive into the tastes and traditions of the […]