Development and Economic News
Cabinet Approves Comprehensive Measures to Address Flood Related Issues
The Cabinet has approved the memorandum presented by President Ranil Wickremesinghe to provide food and essential services to residents in Kolonnawa and other areas in the country affected by recent floods as a result of adverse weather conditions. This decision was made during the Cabinet meeting held yesterday (03).
Sri Lanka leads South Asia in recruiting women for banking industry: IFC
Women comprise 46% of new recruits and 27% of board positions
Pepper harvest up by over 7,000 MT from previous year
The Department of Export Agriculture has confirmed that last year’s pepper harvest exceeded 30,000 metric tons. The annual yield of pepper in Sri Lanka is about 23,000 metric tons.
President outlines structural plan to advance Sri Lanka’s economy
President Ranil Wickremesinghe stressed that with the stabilization of the country’s economy; there should be no inclination towards traditional politics. He underscored that the country can only be moved forward through a structured plan.
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 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.
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.
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,