Category: Industry
Why Sri Lanka needs a smarter approach to tobacco tax policy
Sri Lanka’s tobacco taxation strategy is facing renewed scrutiny as authorities navigate the dual priorities of public health and revenue generation. Central to recent tobacco tax policy discussions is the Tobacco Excise Tax Simulation Model (TETSiM)—a policy planning tool promoted by the World Health Organization (WHO) and adopted in several countries to project how adjustments […]
SLT-MOBITEL partners AI Pazz, Sri Lanka’s First AI-Powered Legal Research Platform
In a landmark move set to redefine legal research in Sri Lanka, SLT-MOBITEL Mobile has partnered with Redblocks AI (Pvt) Ltd to launch AI Pazz, the country’s first-ever AI-powered legal research platform featuring Sri Lanka’s largest and the most up-to-date digital legal library, to offer unprecedented access to advanced legal research tools. This revolutionary platform […]
Banks Not Planning Widespread Parate Proceedings, Assures Sri Lanka Banks’ Association
The Sri Lanka Banks’ Association (SLBA), the collective voice of all licensed commercial banks in the country, today moved to quell alarmist claims regarding widespread parate proceedings now that the grace period for loan repayments has concluded. The SLBA firmly stated that banks have no intention of launching a flood of parate actions, emphasizing that […]
VIDEO: The AI Boom’s Multi-Billion Dollar Blind Spot
AI reasoning models were supposed to be the industry’s next leap, promising smarter systems able to tackle more complex problems. Now, a string of research is calling that into question. In June, a team of Apple researchers released a white paper titled “The Illusion of Thinking,” which found that once problems get complex enough, AI […]
“Dream Destination” Project Commenced Renovation of 100 Railway Stations
President Anura Kumara Disanayake stated that the primary objective of the current Government is not to pursue incremental reforms within the existing framework, but rather to transform and elevate the nation to a significantly higher level of development. The President emphasized that the current political leadership has already taken steps to break away from the […]
‘s historic Rs. One Billion Green Bond funds renewable expansion
Resus Energy PLC has made history with the launch of the country’s first-ever Green Bond issue by a local energy company, aiming to raise Rs. 1 billion to accelerate the nation’s transition to clean energy. The issue, scheduled to be opened on 25th June 2025, is also the country’s first Green Bond issue by a […]
“The Gathering of Giants” returns for 2025 at Cinnamon Habarana
Cinnamon Hotels & Resorts, in collaboration with Cinnamon Nature Trails and in valued partnership with Seylan Bank, is honoured to announce the return of The Gathering of Giants—a pioneer conservation initiative set to take place from 25 to 27 July 2025 at Cinnamon Habarana Complex. Rooted in a deep respect for Sri Lanka’s natural heritage, […]
Resus Energy connects 5 MW Solar PV power plant to the national grid
Resus Energy PLC, a forerunner in renewable energy, recently connected a 5.0MW ground mounted solar PV power plant to the national grid. Built at a cost of over Rs. 750 million with state-of-the-art equipment encompassing tier-1 solar PV panels and top-of-the-range auxiliary equipment, the plant is expected to generate about 10 million units of electricity […]
From risk assessment to protection: how to build an effective security strategy in industrial enterprises
By Adrian Hia, Managing Director for Asia Pacific, Kaspersky Industrial sectors face escalating cyber threats that jeopardize operations, safety, financial stability and further technological development. In 2024, 40% of industrial organizations globally reported cyber incidents according to Kaspersky. Proactive cybersecurity measures are no longer optional but a necessity to ensure business continuity, regulatory compliance and […]
VIDEO: Air India plane crashes shortly after take off in Ahmedabad; more than 200 killed
An Air India plane has crashed shortly after taking off from Ahmedabad airport in western India, local media has reported. Air India said on Thursday that Flight AI171, a passenger flight to London Gatwick airport, was “involved in an incident”. “At this moment, we are ascertaining the details and will share further updates,” Air India […]
CBSL Extends Relief Measures for Affected SMEs, Offers Further Concessions
The Central Bank of Sri Lanka (CBSL) has announced an extension of relief measures and additional concessions for Small and Medium Enterprises (SMEs) that have been adversely affected in the recent past. This move aims to facilitate the sustainable revival of these businesses. Licensed commercial banks and licensed specialized banks have been advised by the […]
PUCSL Announces 15-pct Overall Electricity Tariff Increase Effective Tonight
The Public Utilities Commission of Sri Lanka (PUCSL) announced today a 15% increase in electricity tariffs, effective from June 12, 2025. This decision follows a comprehensive review of utility bills and public feedback submitted by the Ceylon Electricity Board for the June to September 2025 period. Despite this immediate increase, the PUCSL emphasizes that the […]