Is President Wickremesinghe Following in the Footsteps of His Uncle, President Jayawardene, in 1982?
President Ranil Wickremesinghe, unlike his predecessors, was not elected by the people of Sri Lanka. He was appointed by SLPP MPs to replace the ousted President Gotabaya Rajapaksa. Mr Wickremesinghe is working to build a popular base, asserting that he alone stabilised the economy through an agreement with the International Monetary Fund (IMF), which led to a USD 2.9 billion loan to help the country recover from its severe socio-economic crisis. Despite pro-regime claims of economic recovery, Sri Lanka's prospects remain grim.
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
editor
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
editor
Softlogic Holdings PLC has announced a significant partnership between its subsidiary, Softlogic City Hotels (Private) Limited, and the internationally renowned hotel operator Minor Hotels.
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 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,
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Thailand introduces Visa-Free entry for Sri Lankan Tourists
The Thai cabinet has adopted multiple visa measures to stimulate tourism, which will benefit tourists from 36 more countries including Sri Lankan travelers who may have plan to stay in the kingdom for more than 30 days.
Ministry of Health gives conditional permission for Thriposha products for children between the ages of 06 months to 3 years
Director General of Health Services Dr. Asela Gunawardena told the Parliamentary Caucus for Children that it has been decided to give permission to restart the production of Thriposha, which is given to children between the ages of 06 months to 03 years, which has been temporarily suspended.
ANC looks set to share power after historic election loss
With most of the results now in from South Africa's election, the long-ruling African National Congress (ANC), will have to contend with sharing power after a historic loss of its parliamentary majority.
Wordle in legal row with geography spinoff, Worldle
The owner of the hit online game Wordle is legally challenging a geography-based spinoff called Worldle.