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Sri Lanka’s trade deficit widens on April 2024
Sri Lanka’s curent dollar earnings from merchandise exports, remittances, tourism and other services exceeded imports by 579 million US dollars in April 2024, official data shows.
Sri Lanka received formal application for Starlink in March
The Government received an initial application from Starlink in March to commence operations in Sri Lanka and it is in the process of formulating the requisite regulations to allow the operation of the satellite internet service provider, the State Minister of Technology reveals.
Controversial Coal tender for Norochcholai Power Plant extended to 24 June
With only three months remaining before the next coal unloading season begins, the closing date for the long-term tender to procure 50% of the coal requirements for the Norochcholai Coal Power Plant has been extended for the second time to 24 June official sources said ,.
Businessman arrested with gemstones worth Rs. 8 million at BIA
A passenger who attempted to smuggle undeclared gemstones worth around Rs. 08 million out fo the country has been arrested by officers of the Sri Lanka Customs’ Narcotics Control Unit at the departure terminal of Bandaranaike International Airport (BIA) in Katunayake.
Sri Lanka welcomed over 100,000 tourists in May
Sri Lanka welcomed over 100,000 visitors in May, with year-to-date (YTD) arrivals at the verge of exceeding the 900,000 milestone.
Sri Lanka welcomed over 100,000 tourists in May
Sri Lanka welcomed over 100,000 visitors in May, with year-to-date (YTD) arrivals at the verge of exceeding the 900,000 milestone.
Power interruptions in multiple districts amid torrential rains
The Ministry of Power and Energy announced the disconnection of power supply to several areas in the Galle, Kalutara, Ratnapura, Colombo and Kegalle districts.
Tycoon told to pay $1bn in record divorce ruling
South Korean tycoon Chey Tae-won has been ordered to pay his ex-wife 1.38 trillion won ($1bn; £788m) in cash - the country's largest ever divorce settlement.
UK ambassador to Mexico sacked after pointing gun at colleague, FT reports
The UK ambassador to Mexico was quietly fired earlier this year after pointing a rifle at a local embassy employee, the Financial Times reported Friday. The incident was captured in a video shared on social media.
According to the constitution, Buddhism should be given priority
President Ranil Wickremesinghe underscored that according to the constitution, prioritizing Buddhism is imperative. He emphasized that the responsibility of upholding this principle is vested in the executive, legislature and judiciary. He emphasized the indisputability of this matter.
Wide Angle focused on UNP Gen Sect’s do or die statement
By Rohan Jith
SLIC transfers its shares in Lanka Hospitals to Treasury Secretary
The Lanka Hospitals Corp. PLC announces that the company has been notified by the Department of Public Enterprise of the Ministry of Finance, regarding a decision by the Board of Directors of Sri Lanka Insurance Corporation Limited to transfer its shares in The Lanka Hospitals Corp. PLC to the Secretary of the Treasury.
SL moves closer to ‘Starlink’ implementation amidst opposition’s derailing attempt
Elon Musk, the visionary entrepreneur behind SpaceX, has once again captured the world’s attention with the latest updates on Starlink, the ambitious satellite internet constellation designed to provide global high-speed internet access.
Economic policy continuity, macroeconomic stability vital for robust growth: Ravi K
Sri Lanka’s economic policy continuity and macroeconomic stability will be crucial to achieve robust growth in the next five years, former Finance Minister Ravi Karunanayake reiterated outlining the outcome of the Economic Transformation Bill.
Softlogic Holdings partners with Minor Hotels to rebrand Colombo Hotel
Softlogic Holdings PLC has announced a significant partnership between its subsidiary, Softlogic City Hotels (Private) Limited, and the internationally renowned hotel operator Minor Hotels.
Sri Lanka hails BIMSTEC Charter new era of regional cooperation
The Ministry of Foreign Affairs announced Sri Lanka is pleased to acknowledge the entry into force of the BIMSTEC Charter on 20 May 2024, marking a historic milestone in the 27-year journey of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).
Dialog wins virtual private network hosting contract of Police
Dialog Axiata PLC, a leading connectivity provider, has been awarded the tender of virtual private network (VPN) hosting of Sri Lanka Police Department recently.
To realize forthcoming social and economic objectives, it is imperative to advocate for the adoption of modern technologies like artificial intelligence within the nation
e emphasized the imperative of promoting modern technologies, particularly Artificial Intelligence (AI), to attain future social and economic objectives within the country. He announced the commencement of this program slated to initiate next year,
Ranil trying to open doors to economic hitmen like Elon Musk: Hadunnetti
President Ranil Wickremesinghe is trying to open doors to economic hitmen like billionaire Elon Musk, George Soros and James Packer by introducing the Economic Transformation Bill, NPP Economic Council member Sunil Hadunnetti said.
Industry stakeholders up in arms against moves to scrap ‘Happy Hour’
Industry stakeholders including hoteliers, tourism authorities and even law enforcement agencies have shown their utter dismay over an abrupt decision taken by the National Authority on Alcohol and Tobacco (NATA) to scrap the ‘Happy Hour’ in hotels,