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VIDEO: Technofeudalism Unveiled – Yanis Varoufakis on the Fall of Capitalism
Former member of the Greek parliament and Minister of Finance Yanis Varoufakis joins host Chris Hedges on this episode of The Chris Hedges Report to explain how capitalism is dead and a new form of capital, the title of his new book, “Technofeudalism,” has arisen and holds power akin to the feudal lords of medieval […]
” platform for the digitalization of all government payments
Three new digital initiatives will be introduced Friday, 07 at the Presidential Secretariat under the patronage President Anura Kumara Disanayake. The initiatives include the launch of the ‘GovPay’ platform for the digitalization of all government payments, expanding the services of the President’s Fund from the main office in Colombo to the Divisional Secretariat level, and the introduction of […]
HNB PLC completes full acquisition of Acuity Partners: Rebrands as HNB Investment Bank
Hatton National Bank PLC (HNB), Sri Lanka’s second largest Private Bank, announced the successful acquisition of full ownership of Acuity Partners (Pvt) Ltd today. With this acquisition, HNB has rebranded the entity as HNB Investment Bank (Pvt) Ltd, further strengthening its position as a key player in the country’s investment banking sector. Acuity Partners was […]
Sri Lanka Sees 21-pct Increase in Tourist Arrivals in January 2025
Sri Lanka experienced a significant boost in foreign tourist arrivals, with numbers rising by 21.37% year-on-year to 252,761 in January 2025. This follows an 18.18% increase in the previous month, indicating a positive trend for the country’s tourism sector. India led the way as the top tourist source market, contributing 17.2% of the total arrivals. […]
2025 Budget Must Meet EFF Program Parameters for Executive Board Approval: IMF
The International Monetary Fund (IMF) has stressed the importance of the 2025 budget aligning with the parameters of the Extended Fund Facility (EFF) program, as the Executive Board prepares for its upcoming review. Ms. Julie Kozack, Director of the Communications Department at the IMF, highlighted this during a recent press briefing. On November 23rd, 2024, […]
Hemas Group records earnings of Rs. 3 bn, a 36-pct growth for the quarter
The Hemas Group recorded earnings of Rs. 3.0 billion, a 36.3 percent growth in consolidated earnings for the quarter with revenue increasing by 6.4 percent to Rs. 33.2 billion and operating profit increasing by 25.7 percent to Rs. 4.9 billion. Revenue growth was evident across all sectors, as the Group’s businesses leveraged efficiency improvements and […]
‘ National IFS Ratings After Scale Recalibration, Affirms Three
Fitch Ratings has upgraded the National Insurer Financial Strength (IFS) Ratings of four Sri Lankan insurers following the recent sovereign upgrade and recalibration of the agency’s Sri Lankan national rating scale. At the same time, Fitch has affirmed the National IFS of three Sri Lankan insurers. The recalibration reflects changes in the relative creditworthiness of […]
The Technocity Pvt Ltd Expands to Dubai, Bringing Premier IT Solutions to the UAE
The Technocity Pvt Ltd, Sri Lanka’s leading IT distributor, has officially expanded its operations to Dubai, UAE, signalling a significant milestone in its journey of growth and innovation. Established in 1998, Technocity has built a reputation as a trusted distributor for 17 world-class brands including global IT giants such as HP, ASUS MSI and Lenovo. […]
President to undertake a visit to UAE to attend the World Government Summit 2025
President Anura Kumara Disanayaka will undertake a visit to the United Arab Emirates from 10-13 February 2025 at the invitation of President of the UAE Mohamed Bin Zayed Al Nahyan to participate in the World Government Summit 2025. During the visit, President Disanayaka will address the World Government Summit 2025 in Dubai and hold bilateral […]
TISL Challenges Procurement Guidelines and Procurement Manual (2024) in Supreme Court
Transparency International Sri Lanka (TISL) has filed a Fundamental Rights Petition (SCFR/22/2025) in the Supreme Court on Friday, 31st January 2025, challenging the Procurement Guidelines and Procurement Manual (2024) issued by the National Procurement Commission (NPC). This public interest petition raises concerns about the lack of transparency in the new guidelines, which do not adequately […]