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500 new jeeps for Sri Lanka Police under Indian loan assistance
As the first phase of the 500 jeeps to be given to the Sri Lanka Police under Indian loan assistance, 125 new jeeps were handed over to the police today (22nd) at the Ministry of Public Security. The Indian High Commissioner to Sri Lanka, Gopal Bagle, symbolically handed over the jeeps to the Minister of […]
International Trade Office to Synergize Country’s External Trade
On the directions of President Ranil Wickremesinghe, the Government decides to reorganize the existing conventional institutional set-up and newly establish the International Trade Office (ITO) to interconnect all the relevant institutions and synergize their work to obtain maximum output from the external trade sector to the National Economy. Realizing the untapped economic potential of trade […]
Switzerland extends cooperation for EDB to carry out Market Research
The Sri Lanka Export Development Board (EDB) signed a memorandum of understanding with the Swiss Import Promotion Programme (SIPPO) which operates under the State Secretariat for Economic Affairs (SECO) of Switzerland on 22nd December 2022. Dominik Furgler, Ambassador for Switzerland in Sri Lanka and Suresh D de Mel, Chairman & CE, EDB signed the MOU […]
‘s Industrial Park nearing completion; secures projects from over 8 countries
A number of projects in the Hambantota International Port’s Industrial Park are nearing completion, marking the success of 2022 as the ‘Year of Construction.’ In spite of a certain slowdown during COVID-19, this international industrial park has secured over 40 projects from over 08+ countries and has emerged stronger as ever, adhering to their ‘HIP […]
Dialog Conducts South Asia’s First Successful mmWave 5G Trial
Dialog Axiata PLC, the first telecommunications service provider in the South Asian region to demonstrate 5G capabilities in 2018, announced the successful testing of mmWave 5G for the first time in South Asia. Dialog achieved 5G Download speeds greater than 4 Gbps on non-standalone (NSA) mode using mmwave attaining significantly higher throughputs than current standards. […]
Baurs partners with Swiss Government to uplift hospitality education & bridge skills gap in Sri Lanka
With the view of uplifting the hospitality education sector in Sri Lanka, the Swiss Hospitality & Management Academy (SHMA) of A. Baur & Co. Pvt Ltd. also known as Baurs, a leading conglomerate with diversified business interests, recently established a private and public sector partnership with the Swiss Agency for Development and Cooperation (SDC). The […]
Tribute: Dinesh Schaffter (1971-2022)
December 20, 2022 (LBO) – There is a sadness that has permeated Sri Lanka’s business community and my circles of friends in the last few days, as we try and take stock of the untimely and horrific demise of Dinesh Schaffter. There is something missing in my soul these last few days as I remember […]
Cabinet nod to new Central Bank of Sri Lanka bill
Sri Lanka’s Cabinet of Ministers has approved the new Central Bank of Sri Lanka bill which will be presented in Parliament next year. The original bill gazetted in November 2019 has been improved by incorporating new amendments in order to be able to perform the work of the Central Bank more efficiently and effectively to […]
Introducing new types of visas for Colombo Port City
The Cabinet of Ministers has approved a proposal presented by the Minister of Public Security to take necessary steps to introduce several visa categories for Colombo Port City based on the recommendations of the Colombo Port City Commission. Investor visa category for investors under the residence visa category Employee visa category for employees CPC Residential […]
Uber turns Seven in Sri Lanka, Covers over 555 million km in Trips
Uber completed seven years of operations in Sri Lanka and shared some interesting numbers as it touched a new milestone. In its seven years of operations, Uber has completed over 555 million kilometers in Uber trips around the island nation. That’s enough kilometers to travel to the moon from Earth and back 725 times! With […]
Ajlan and Bros Holding Group to Jointly Develop Port City Colombo with CHEC as Strategic Partner
Ajlan and Bros Holding Group (or Ajlan in short) is one of the largest comprehensive conglomerate holding group in the Middle East, Ajlan has established its presence in more than 25 countries around the world, with 75 companies in the fields of power, environment, industrial manufacturing, healthcare, tourism, technology, retail, real estate, garments and textiles, […]
Apptimus Tech, Jaffna’s software firm from bedroom to 7,000 square feet in 5 years
By Jekhan Aruliah The Yarl Geek Challenge has a strong record as nursery for tech startups. By 2022, its 11th season, YGC alumni have started more than 60 companies employing hundreds of people. This doesn’t include those who emerge from these companies to setup their own startups. Yes It’s great when competitions and colleges give […]