Author: lbostgadmin
Mahinda Rajapaksa Makes Public Statement Advocating for Lower Taxes
Former President and current leader of the Sri Lanka Podujana Peramuna (SLPP), Mahinda Rajapaksa, issued a media release today calling for a reduction in income taxes. He argues that the current high tax burden is hurting the economy and driving out skilled professionals. Key Points of Rajapaksa’s Statement: Calls for tax reduction: Rajapaksa emphasizes the importance […]
Sri Lankan Small Businesses Seek Breathing Room: Parate Law Suspension Talks Underway
A crucial meeting is set to take place tomorrow (21) at the Jasmine Hall, Bandaranaike Conference Hall, Colombo, between the Minister of Justice, Wijeyadasa Rajapakshe, Plantation Industries Minister Dr. Ramesh Pathirana, and Sri Lankan small businessmen. The discussion will focus on the temporary suspension of the seizure of property under Parate executions. The Sri Lankan […]
Estonia Launches Direct Flights to Sri Lanka
A historic moment awaits Sri Lanka’s tourism industry as the first-ever direct flight from Estonia prepares to touch down at the Mattala Rajapaksa International Airport later today. The inaugural flight, operated by SkyUP Airlines, is scheduled to arrive at 11.50 pm tonight, carrying a group of eager tourists from the Estonian capital, Tallinn.This new route […]
‘s power minister orders a halt to bonuses and allowances for CEB employees
Kanchana Wijesekera has instructed the Ceylon Electricity Board (CEB) to stop paying bonuses and allowances to its employees. In a letter to the CEB chairman, general manager, and directors of the board, Wijesekera said that the decision was made in order to reduce the cost of operations and administration. He added that the 25% salary […]
Meeting with the Deputy Managing Director of CHEC Port City Colombo
Deputy Managing Director of CHEC Port City Colombo Thulci Aluwihare met the Deputy High Commissioner of Sri Lanka in Southern India Dr. D. Venkateshwaran and Minister [Commerce] of the Deputy High Commission G. L. Gnanatheva on 15 December 2023. During the meeting, they discussed the importance of sourcing Southern Indian investments for the Port City […]
World Bank Releases Additional USD250 Million for Sri Lanka to Sustain Economic Reforms
The World Bank released the second tranche of the US$500 million Sri Lanka Resilience, Stability and Economic Turnaround (RESET) Development Policy Operation (DPO), considering the continued satisfactory progress made by government with the reform program. The RESET DPO, which provides budget support to the government was approved on June 28, 2023. This is the first in […]
| Microsoft Project Silica
Microsoft’s Project Silica can store and retrieve data in quartz glass using laser optics and Microsoft Azure, enabling more sustainable storage that can last thousands of years.
Standard Chartered Sri Lanka strengthens regional ties with Correspondent Banking Conference 2023
Standard Chartered Sri Lanka announced the conclusion of its Correspondent Banking Regional Conference for 2023, held at the Galle Face Hotel on November 23 and 24. Attended by senior representatives from more than 55 banks across the ASEAN and South Asian region, the event served as a pivotal platform for sharing insights, fostering collaboration, and […]
99x leadership transition: Mano Sekaram steps down, new CEO Hasith Yaggahavita
99x, the global technology services company rooted in Sri Lanka, proudly announces a leadership transition, signifying a pivotal moment in its journey. After a distinguished tenure of 20 years, Founder and CEO, Mano Sekaram, will step down from the role of Chief Executive Officer, with Hasith Yaggahavita set to assume the position of CEO effective […]
‘s illicit markets
Research Intelligence Unit (RIUNIT) continues its groundbreaking efforts in shedding light on critical policy matters concerning Sri Lanka’s economic landscape. Their latest series of reports highlights the significance of illicit markets that operate within and beyond the island’s borders. Focused on combating illicit markets and their impact on the nation’s economy, RIUNIT’s latest policy papers […]
Gavinro Investments introduces Sri Lanka’s first 300KM range EV commercial vehicle
Gavinro Investments, a distinguished player in the automotive space for over four decades, has joined hands with Sokon Singapore, a global leader in electric commercial vehicles to launch Sri Lanka’s first 300KM Range Electric Commercial Vehicle with a payload of 1.2 tonnes. The joint venture is founded on the shared vision of supporting the Sri […]
Air Arabia launches direct flights from Abu Dhabi to Colombo
Strengthening the connectivity between Sri Lanka and the UAE, Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier launched its first direct flight from Abu Dhabi to Colombo on Friday, 08 December 2023 from the Abu Dhabi International Airport. Air Arabia will now operate direct flights between Abu Dhabi and Colombo […]