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David Cameron visits Port City Colombo
Former Prime Minister of the United Kingdom, David Cameron, visited Port City Colombo development project during a private trip to the island. Cameron engaged in a discussion with Reyaz Mihular – Commission Member and Vindhya Weerasekera – Director Legal and Corporate Affairs of the Colombo Port City Economic Commission; Yang Lu – Managing Director of […]
‘s 120 km fiber line in France sets new world record
Paris, France, Huawei and Orange have successfully achieved a new world record 1 of 157 Tbit/s transmission prototype testing over a 120 km fiber on the Orange network in South West France. This technical achievement unequivocally demonstrates that Orange’s current infrastructure is fully prepared for transmission technologies that can take on increasing traffic over the […]
Former British Prime Minister meets the President
Former British Prime Minister David Cameron, who is on a personal visit to Sri Lanka, met President Ranil Wickremesinghe at the Presidential Secretariat this morning (02). During a friendly discussion, Cameron extended his best wishes to President Wickremesinghe for the New Year. President’s Senior Adviser on National Security and President’s Chief of Staff, Sagala Ratnayake, […]
CCPI based headline inflation eased further in December 2022
Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index decreased to 57.2% in December 2022 from 61.0% in November 2022 recording the lowest reading in the second half of 2022. Following a similar trend, the Food inflation (Y-o-Y) decreased to 64.4% in December 2022 from 73.7% in November 2022. Meanwhile, […]
Central Bank directs Kanrich Finance to settle liabilities of depositors
The Monetary Board of the Central Bank of Sri Lanka as a measure to strengthen the Non-Bank Financial Institutions Sector under the ‘Masterplan for Consolidation’ decided to direct Kanrich Finance Limited (KFL) to settle its public liabilities in full within the period from 26.12.2022 to 28.02.2023 in terms of Section 25(1)(m) of the Finance Business […]
| Aliens, Atlantis & the Apocalypse
Graham Hancock is an unrelenting journalist uncovering the origins of humanity’s forgotten past. His new docuseries on Netflix is called Ancient Apocalypse and it documents the abundance of evidence that humanity is much older than the prevailing belief among mainstream archeologists. Most people believe civilization was started a mere 6,000 years ago in the Fertile […]
USAID, Keells & HNB Partner to Provide USD 4Mn Lending Facility in Sri Lanka
The United States Agency for International Development (USAID) coordinates with Keells Supermarkets and Hatton National Bank (HNB) on an innovative supply chain financing facility that supports micro, small, and medium-sized enterprises (MSMEs) in the food sector to access capital. Through greater access to capital, this facility reduces the supply chain disruptions that emerged during the […]
First Capital announces appointment of directors to the board
First Capital Holdings PLC, a member of the Janashakthi Group, announced that Manjula Mathews has been appointed as the Deputy Chairperson to its board and Dilshan Wirasekara the current Director/CEO has been promoted to Managing Director/CEO. Manjula Mathews, a Fellow Member of the Chartered Institute of Management Accountants (UK) and an Alumnus of the University […]
All paddy farmers to receive free TSP fertilizer in 2023 through USAID & FAO
The Food and Agriculture Organization of the United Nations (FAO), with funding through the United States Agency for International Development (USAID), will distribute 36,000 metric tonnes of Triple Super Phosphate (TSP) fertilizer to all paddy farmers in Sri Lanka through the Ministry of Agriculture. The amount of TSP provided per farmer will be determined based […]
Russian Airline Red Wings to operate charter services to Sri Lanka twice a week
Red Wings, one of the leading private airlines of the Russian Federation, will start charter flight operations to Mattala International Airport in Sri Lanka, with effect from the 28th December 2022. This is the third Russian Airline serving direct flights to Sri Lanka. On December 26th 2022, the Ambassador of Sri Lanka to the Russian […]
Hambantota International Port to aggressively promote afloat repairs in 2023
The Hambantota International Port (HIP) is supporting Colombo Dockyard PLC (CDPLC) to handle running repairs to vessels while they remain afloat in the harbour. The majority of vessels directed to HIP for afloat repairs come with damages experienced below the water line. CDPLC carries out permanent repairs on these ships with service assistance from HIP. […]
Dialog to Shut Down its 3G Network to Give More Spectrum Capacity to Expand 4G Broadband
Dialog Axiata has announced plans to shut down its 3G data network in 2023 to free up spectrum and increase the capacity of its 4G Broadband network. Full Statement Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, has announced plans to shut down its 3G data network in 2023 to free up spectrum and increase […]