Sri Lanka is on the cusp of introducing a transformative digital economy policy, a pioneering development aiming to instill economic resilience that endures beyond electoral outcomes. Technology State Minister, Kanaka Herath, spearheads this ambitious endeavor, ensuring that the robust framework of the policy remains constant regardless of the governing party.Continue Reading
In 8 coordinated attacks around Sri Lanka, 215 people were killed and 449 were injured. the death toll included 35 foreign nationals. the nationalities were USA, Denmark, Pakistan, India, Morocco, China, Japan and Bangladesh. 7 persons have been arrested and an island-wide curfew has been imposed until 6 a.m onContinue Reading
The financial sphere in Sri Lanka is on the cusp of a remarkable transformation as the Central Bank gears up for the impending digital currency launch. Expected to hit the fiscal stage by the end of the year, this pioneering initiative marks a major leap towards a financial revolution andContinue Reading
Aug 16, Colombo: The Sri Lanka – Singapore Free Trade Agreement (SLSFTA) signed in January this year can be amended within a year if it has any detrimental effect on the country and the economy, a senior minister of the government said. Sri Lanka’s Minister of Ports and Shipping MahindaContinue 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
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
(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
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
The Galle Literary Festival is an international literary festival held annually in Galle, Sri Lanka. In recent years the profile of the festival has increased substantially, with attendances by many internationally acclaimed and well-known writers, grabbing the eyes of international crowds attracting so many different people every year. The festivalContinue Reading
The owner of Perpetual Treasuries Limited Arjun Aloysius and CEO Kasun Palisena were re-remanded till March 02. Colombo Fort Magistrate Lanka Jayaratne issued this order when they were produced before the courts yesterday (15). They were arrested by the Criminal Investigations Department (CID) on February 04 following a complaint lodgedContinue Reading
COLOMBO: Singapore and Sri Lanka signed a free trade agreement on Tuesday (Jan 23) which will deepen economic ties and facilitates greater trade flows between the two countries. The Sri Lanka-Singapore Free Trade Agreement (SLSFTA) was signed by Singapore’s Minister for Trade and Industry (Industry) S Iswaran and Sri Lanka’sContinue Reading
uly 26, Colombo: The Dubai Police said they have recovered a rare blue diamond estimated to be worth $20 million which was stolen from a city company’s vault by a Sri Lankan security guard and smuggled to Sri Lanka in a shoebox. The diamond was stolen by a Sri LankanContinue Reading
SriLankan Airlines flight UL504 en-route from London to Colombo with 268 passengers was diverted to Frankfurt airport last night due to a medical emergency, the airline said. The fight has landed safely at Frankfurt International Airport in Germany. The airline in a travel alert said the most important factor wasContinue Reading