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Engraving its success story in the sands of time, HelaPay, a leading digital payment platform in Sri Lanka, has marked a significant milestone accomplishment. In an industry where growth is often measured in incremental strides, achieving an online transaction record such as crossing Rs.1 billion within two years of operation,Continue Reading
In an age where visual acuity is paramount, Sri Lanka witnesses a monumental milestone with the establishment of the College of Optometry & Vision Science (COVS) by the Sri Lanka Optometrist Association (SLOA). Officially commencing its journey on January 21, 2024, COVS emerges as a beacon of optometric education poisedContinue Reading
The Department of Registration of persons has facilitated a one-day service for students sitting for the upcoming Ordinary Level Examinations to obtain their ID cards. Commissioner General Viyani Gunathilake said that IDs could be obtained at the main office of the department on November 25. The Commissioner General notes thatContinue Reading
Amidst the bustling digital revolution, Lenovo emerges as a transformative force in Sri Lanka, fervently bolstering the nation’s journey towards a tech-savvy future. Demonstrating unwavering commitment, Lenovo’s recently inaugurated experience store hums with the promise of innovation, becoming a tangible testament to the brand’s influential role in unleashing AI forContinue Reading
Ward Place in Colombo has been closed for traffic from Town Hall due to a protest by university students, Ada Derana reporter said. The Inter University Students’ Federation (IUSF) organised the protest march in Colombo today (21), demanding solutions for the issues of South Eastern University students. The agitation isContinue Reading
Ministry of Defense Cyber Operations Centre at Sri Lanka Air Force (SLAF) Headquarters was declared open by the Secretary to the Ministry of Defense Kapila Waidyaratne on Monday on the invitation of the Commander of the Air Force Air Marshal Kapila Jayampathy. The visiting Defense Secretary was welcomed to theContinue Reading
In the wake of successive crises, the financial outlook for Sri Lankan citizens continues to be challenging. The economic trends in Sri Lanka signal a cautious approach by consumers, who have seen their disposable income shrink considerably, compelling them to alter their spending habits. This prudent shift in the SriContinue Reading
In a decisive move towards fostering economic development and building a robust digital economy in Sri Lanka, People’s Bank has launched a youth tech skills programme designed to elevate tech education and youth empowerment across the nation. Through the groundbreaking initiative ‘Empowering Tomorrow’s Innovators: Youth Tech Skill Development Project,’ theContinue Reading
The Ministry of Sustainable Development and Wildlife has taken measures to increase the legal punishment for the killing of tuskers. Minister Gamini Jayawickrama Perera said, officials of the Department of Wildlife and the Attorney General’s Department will meet day after tomorrow to discuss further on the matter. Four tuskers wereContinue Reading
Marking a significant step towards expanding economic ties, a delegation from India recently visited the Board of Investment (BOI) in Sri Lanka. This strategic collaboration brought forth Indian officials keen on exploring avenues that could deepen the bilateral trade relationships and enhance investment opportunities between the two nations. The moveContinue Reading
In an era where technological boundaries are continually being redefined, Platned, a premier UK-based technology solutions provider, has strategically positioned itself in the burgeoning tech landscape of Sri Lanka. This calculated move is indicative of Platned’s strategic growth in Sri Lanka, capitalizing on the vibrant IT ecosystem and the skilledContinue Reading
In an assertive move signaling robust growth, SL Telecom has officially unveiled a new board of directors as part of its strategic expansion efforts. The financial year 2021 saw the company triumphantly surpassing a turnover of Rs.102.3 billion, as reported in the latest Telecom News. This symbolizes an impressive 12.3%Continue Reading
In an era where the demand for seamless, international and domestic air travel is surging, Sri Lanka responds with a momentous decision to elevate Jaffna Airport’s facilities. Minister of Ports, Shipping, and Aviation, Nimal Siripala de Silva, after a critical evaluation of the current passenger amenities on his inspection visitContinue Reading
As digital landscapes evolve, Sri Lanka is poised to harness the revolution through the Sri Lanka Digital Marketing Summit 2023. This pivotal digital marketing event, orchestrated by the Digital Marketing Association of Sri Lanka (DMASL) and powered by Dialog Axiata PLC, is setting the stage for an unprecedented era ofContinue Reading
With the technological tide rising, Sri Lanka stands on the brink of a new era in banking and financial services. The upcoming introduction of LankaPay’s Blockchain KYC is poised to reshape the landscape of digital financial services in Sri Lanka. On the horizon is an innovative approach to managing customerContinue Reading
(I) BACKGROUND TO THIS REPORT Over the past thirty two months, various inquiries, investigations and judicial processes in relation to Sri Lanka’s biggest-ever economic scandal, the Bond Scams of February 2015 and March 2016, have been carried out by different authorities. However, due to the complexity of this issue and the subsequentContinue Reading
The Sri Lanka economy is currently navigating through a challenging phase marked by producer price deflation, a phenomenon that deviates from the anticipated inflationary effects of economic stimuli such as “helicopter money.” This deflationary trend has significant repercussions for business operations and necessitates rethinking pricing strategies to maintain market competitiveness.Continue Reading
Kodituwakku was speaking to the South China Morning Post at the Sri Lankan embassy in Beijing earlier this month, before the devastating Easter Sunday bombings, which have so far killed at least 290 people. Sri Lanka’s debts include loan repayments to individual nation lenders such as Japan and China, as well asContinue Reading
In a strategic move poised to enhance RigServ’s worldwide presence, the company has announced the inauguration of its new Global Resource Centre in the heart of Sri Lanka. This notable expansion not only signifies RigServ’s commitment to growth but also marks a significant milestone in the company’s ongoing efforts toContinue Reading
In a recent engagement, Henley Partners visited the Board of Investment (BOI) in Sri Lanka, marking a strategic discourse on the burgeoning investment landscape. As a global authority in residence and citizenship planning, Henley Partners’ presence signified an intersection of immigration prowess and investment acumen, fostering robust Henley Partners programsContinue Reading