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Exponential increase in vessels arriving at Hambantota International Port for repairs & layups
There has been an exponential increase in the number of vessels arriving at Hambantota International Port (HIP) for repairs and layups this year, marking a significant boost in its operational growth. From January to August 2024, the port hosted 23 vessels for these services, a remarkable 53% increase compared to the 15 vessels during the […]
SEC issues new directions on Whitelist Indices
With the objective of protecting the interest of investors seeking Shariah compliant investments and rationalizing the construction and publication of Shariah compliant Whitelist Equity Indices in the capital market, the Securities and Exchange Commission of Sri Lanka (SEC) has issued new regulatory directions to Market Institutions and Market Intermediaries operating Whitelist Indices. Shariah compliant equities […]
Rampant Misuse of Public Resources Obstructs a Free and Fair Election: TISL
Transparency International Sri Lanka (TISL) expresses deep concern over the rampant misuse of public resources reported during the ‘Presidential Election 2024’. With 580 complaints received as of Wednesday, September 4, TISL urges the Election Commission of Sri Lanka (ECSL) to take immediate and decisive action to halt these violations and uphold the integrity of the […]
President Opens “The Mall” Duty-Free Shopping Complex in Colombo Port City
President Ranil Wickremesinghe officially opened “The Mall,” a newly constructed duty-free shopping complex in the Colombo Port City area yesterday (September 5). This marks the debut of the first urban duty-free shopping mall in the region, featuring a range of stores, restaurants, and various retail outlets. Notable international duty-free retailers, including One World, China Duty […]
Union Bank Partners With Prime Group
Union Bank recently joined hands with Prime Group to offer new homeowners the opportunity for flexible funding solutions through Union Bank Home Loans. A Memorandum of Understanding (MOU) was signed between the two entities in the presence of Chaya Jayawardane, Senior Vice President Retail Banking (Union Bank) and Nalinda Heenatigala, Executive Director / Director Corporate […]
U.S. Embassy Announces Expected Arrival of Beechcraft King Air 360ER to Enhance SL’s Maritime Surveillance
The U.S. Embassy is pleased to announce that the Beechcraft King Air 360ER aircraft, donated by the United States to the Sri Lanka Air Force, will arrive in Sri Lanka next week. Funded by the U.S. Department of Defense’s Building Partner Capacity program, this donation, which originated in 2019, is part of a long-term collaboration […]
ComBank announces special concessions on foreign university payments
The Commercial Bank of Ceylon has announced a series of attractive concessions for students making payments to foreign universities in the next three months. The Bank said it would slash the initial telegraphic transfer (TT) charges by half for Sri Lankans opening new student files before 30th November 2024, and reduce the interest rate by […]
Sri Lanka and France enter into an Agreement to establish a Regional Centre for Maritime Studies in Sri Lanka
Sri Lanka and France signed a bilateral Agreement to establish a Regional Centre for Maritime Studies in Sri Lanka. The Agreement was signed by Secretary/ Ministry of Defence General (Retd) Kamal Gunaratne and Chargé d’ Affaires a.i. of the Embassy of France in Colombo Marie-Noëlle Duris, at the Ministry of Defence in Colombo yesterday. The […]
EDB-SLASSCOM SheExports programme: Empowering Women Tech Entrepreneurs at Orel IT
In today’s rapidly evolving tech landscape, empowering women entrepreneurs with the knowledge and resources they need to succeed is more crucial than ever. Recognizing this need, Orel IT recently conducted a comprehensive knowledge-sharing session as part of the ongoing “SheExports” programme, which is a long-term capacity-building initiative by the Export Development Board and SLASSCOM aiming […]
Public Resource Misuse During Elections: 580 Complaints Reported to Transparency International Sri Lanka
As of Wednesday (September 4), Transparency International Sri Lanka (TISL) had received 580 complaints regarding the misuse of public resources during the election. The organisation further said that immediate actions have been taken on over 300 of them, while the rest are currently being processed.