Category:
‘s VAT Hike and Economic Policies
Patali Champika Ranawaka, leader of the United Republic Front and Member of Parliament, denounced the government’s decision to raise Value Added Tax (VAT) from 15% to 18%. He accused the administration of misleading Parliament and forcing through the increase disregarding public opinion. “The government’s actions display a shocking lack of discipline and decency,” Ranawaka declared. […]
Suvasarya Pioneers Mixed Reality in Asian Ambulance Service with Pilot Projects in Colombo & Jaffna
Today marks a significant step forward for 1990 Suvasarya, as the ambulance service becomes the first in Asia to adopt mixed reality and AI technology for real-time doctor-paramedic communication. This innovative partnership with Wavenet and Microsoft marks a major advancement in emergency medical care for the region. Previously limited to phone calls, communication between paramedics […]
‘s Economic Program, Disburses USD337 Mn
While Sri Lanka received a crucial USD337 million disbursement from the IMF today, the country’s path towards full economic recovery remains dependent on immediate and decisive action. The IMF’s positive review of the first phase of the Extended Fund Facility (EFF) program acknowledges progress, but also emphasizes key areas requiring urgent attention. While the IMF’s […]
ComBank raises Rs 12 bn. as Debentures are snapped up on opening day
The Commercial Bank of Ceylon has raised Rs 12 billion in capital with its Debenture issue closing after over subscription on its opening day, Tuesday 12th December 2023. The Bank offered an initial issue of 60 million Basel III Compliant – Tier 2 Listed Rated Unsecured Subordinated Redeemable Debentures with a Non-Viability Conversion feature, at […]
Bar Association Defends New Regulations for Foreign LL.B. Degree Holders
The Bar Association of Sri Lanka (BASL) has released a statement defending the proposed regulations for entry into the legal profession for holders of foreign Bachelor of Laws (LL.B) degrees. The statement comes in response to an Adjournment Motion being discussed in Parliament concerning the matter. The BASL emphasizes the importance of establishing minimum qualifications […]
‘s Cabinet Approves New Foreign Exchange Rules; Reinstates Employee Stock Scheme Investments
The Cabinet of Ministers has approved new foreign exchange rules that both extend existing restrictions and lift some limitations, including the reinstatement of employee investments in stock schemes, effective December 28, 2023. This comes as the current rules, implemented under Section 22 of the Foreign Exchange Act No.12 of 2017 in April 2020, are set […]
Sri Lanka Streamlines Renewable Energy Project Approval Process
In a move to accelerate the implementation of renewable energy projects and meet ambitious national climate targets, the Sri Lankan government has announced a new streamlined approval process. The Cabinet of Ministers, at a meeting on November 20th, 2023, approved the proposal presented by the Minister of Power and Energy to establish a combined standing […]
X-Venture Introduces Xapi: The Ultimate Solution to Streamline API Design
X-Venture, a pioneering IT firm based in Sri Lanka, has just launched their flagship product ‘Xapi’, a revolutionary API design platform tailored for companies seeking for standardized and efficient API design process. In today’s tech-driven world, Application Programming Interfaces (APIs) play a vital role in connecting diverse software systems and enabling seamless communication between them. […]
VIDEO: Google — 25 Years in Search: The Most Searched
This year, Google is celebrating the most searched figures and moments in 25 years of Google Search. From some of the world’s most iconic performances, to history-making breakthroughs, see the moments that have changed the world and inspired the next generation to come.
Port City Colombo in round table discussion at Commonwealth Trade and Investment Summit
Port City Colombo (PCC) showcased its commitment to sustainable development and global economic cooperation at the third Commonwealth Trade and Investment Summit (CTIS) held in London recently. CTIS, known for bringing together senior business leaders and ministers from across the Commonwealth’s five regions, provided an ideal platform for PCC to engage in critical discussions on […]
Virtusa host CMO in Sri Lanka and discusses of transformation across HR, brand, technology and sales
Virtusa, the global provider of digital engineering solutions hosted Brian Jochum, the company’s Chief Marketing Officer and a member of the Global CXO team in Sri Lanka recently. During hismvisit, Jochum visited the Virtusa offices in Sri Lanka, met with the local leadership and addressed the media at an outreach event. Jochum’s visit to Sri […]
Softlogic (SHL) shares again suspended from trading
December 8, 2023 (LBO) – Shares in Colombo Stock Exchange (CSE) listed Softlogic Holdings (SHL) have been suspended from trading again on a December 8th. The suspension is due to the failure of the company to file an annual report for the year ended March 31, 2023. The suspension comes on the heels of a […]