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Tribute: Dinesh Schaffter (1971-2022)
December 20, 2022 (LBO) – There is a sadness that has permeated Sri Lanka’s business community and my circles of friends in the last few days, as we try and take stock of the untimely and horrific demise of Dinesh Schaffter. There is something missing in my soul these last few days as I remember […]
Cabinet nod to new Central Bank of Sri Lanka bill
Sri Lanka’s Cabinet of Ministers has approved the new Central Bank of Sri Lanka bill which will be presented in Parliament next year. The original bill gazetted in November 2019 has been improved by incorporating new amendments in order to be able to perform the work of the Central Bank more efficiently and effectively to […]
Introducing new types of visas for Colombo Port City
The Cabinet of Ministers has approved a proposal presented by the Minister of Public Security to take necessary steps to introduce several visa categories for Colombo Port City based on the recommendations of the Colombo Port City Commission. Investor visa category for investors under the residence visa category Employee visa category for employees CPC Residential […]
Uber turns Seven in Sri Lanka, Covers over 555 million km in Trips
Uber completed seven years of operations in Sri Lanka and shared some interesting numbers as it touched a new milestone. In its seven years of operations, Uber has completed over 555 million kilometers in Uber trips around the island nation. That’s enough kilometers to travel to the moon from Earth and back 725 times! With […]
Ajlan and Bros Holding Group to Jointly Develop Port City Colombo with CHEC as Strategic Partner
Ajlan and Bros Holding Group (or Ajlan in short) is one of the largest comprehensive conglomerate holding group in the Middle East, Ajlan has established its presence in more than 25 countries around the world, with 75 companies in the fields of power, environment, industrial manufacturing, healthcare, tourism, technology, retail, real estate, garments and textiles, […]
Apptimus Tech, Jaffna’s software firm from bedroom to 7,000 square feet in 5 years
By Jekhan Aruliah The Yarl Geek Challenge has a strong record as nursery for tech startups. By 2022, its 11th season, YGC alumni have started more than 60 companies employing hundreds of people. This doesn’t include those who emerge from these companies to setup their own startups. Yes It’s great when competitions and colleges give […]
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The new Twitter owner suspended the accounts of multiple journalists from news outlets, including The New York Times, Washington Post and CNN for allegedly violating the company’s new “doxing” policy.
CSE announces changes in S&P Sri Lanka 20 index constituents
The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2022 year-end rebalance. The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 19th December 2022 (after the market close of 16th December 2022) are presented below. Exclusions […]
Sri Lanka reports negative 11.8-pct GDP growth for third quarter of 2022
The Department of Census and Statistics (DCS) Sri Lanka, has released the estimated Gross Domestic Product (GDP) at the current price and at constant (2015) price in the Production approach and the other macroeconomic indicators for the third quarter (July 01st to September 30th) of 2022. The Gross Domestic Product for Sri Lanka for the […]
Advantis Projects speeds ahead with delivery of SL’s largest tunnel boring machines
Sri Lanka’s undisputed leader in project logistics and heavy cargo transportation, Advantis Projects, a subsidiary of Hayleys Advantis Limited, is swiftly moving ahead with the delivery of two of the largest Tunnel Boring Machines (TBM) ever to be deployed in the island. This operation will help expedite the progress of one of the nation’s most […]