Government to completely reverse oil palm cultivation ban this year
Sri Lanka will be completely reversing the ban on oil palm cultivation and its importation in an effort to ensure the flourishing of grassroots economies via the expanding cultivation for the benefit of plantation companies and smallholders alike, informed official sources confirmed.
Mining giants told to pay $9.7bn over Brazil dam disaster
A federal judge in Brazil has ordered mining giants BHP, Vale and their Samarco iron ore joint venture to pay 47.6bn reais ($9.67bn) in damages over a deadly dam burst in 2015.
Gaza war: ICJ to rule on call for Israel to stop military action
The UN's top court could issue emergency measures ordering Israel to halt its military operations in Gaza.
Sri Lanka holds discussions with Bahrain FinTech
State Minister of Technology Kanaka Herath met the newly appointed Indian High Commissioner to Sri Lanka Santosh Jha at India House in Colombo
Ceylon Energy gets SEZ licence to invest in Kenya
Ceylon Energy, a company with a history of excellence in power transmission projects, has been issued a Special Economic Zone (SEZ) Enterprise licence by Kenyan President Dr. William Ruto to commence operations at the Naivasha SEZ.
Global fund management firm TIW Capital to set up a subsidiary in Sri Lanka
Singapore based TIW Capital Group is exploring the possibility in the setting up of its subsidiary in Sri Lanka
Bangladesh Chamber of Commerce discusses economic cooperation with SL
Sri Lanka’s High Commissioner in Bangladesh Dharmapala Weerakkody emphasised the need to expand economic cooperation between Sri Lanka and Bangladesh by leveraging the long-standing and close bilateral partnership between the two countries.
Sri Lanka Navy says ready for Red Sea deployment
Although a date has not been fixed, the Sri Lanka Navy said yesterday that it is now prepared to send a deployment to the Red Sea to assist in defending shipping lanes from Houthi activities, once the government green lights and authorizes the deployment.
New Bill soon to protect consumers from online businesses
Measures will be taken to introduce a new Bill through the Consumer Affairs Authority (CAA) to protect the consumers who are inconvenienced due to online businesses, Trade, Commerce and Food Security Minister Nalin Fernando said today.
TISL files petition in SC against Microfinance and Credit Authority Bill
The Transparency International Sri Lanka (TISL) petitioned the Supreme Court challenging the ‘Microfinance and Credit Regulatory Authority Bill’, stating that it fails to sufficiently address or introduce a fit scheme to enable the regulation of the extortive and predatory practices that microfinance lenders engage in at the grassroots levels.
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Ukraine death toll rises to 18 after Russian missile attacks
Eighteen people were killed and 130 injured in Russian missile attacks on Ukrainian cities on Tuesday morning, President Volodymyr Zelensky says.
US strikes Iran-backed militia in Iraq
The US says its forces have carried out strikes in Iraq on three facilities used by Iran-backed militia.
Senior IT professionals cry foul over the Online Safety Bill
A group of senior IT professionals has warned that the Online Safety Bill may be used to cripple opposition election campaigns, suppress journalists reporting on corruption and even severely impact the IT industry.
Sri Lanka and India strengthen ties on technology and digital initiatives
Sri Lanka and India held discussion focused on strengthening bilateral ties and collaboration in the technology sector, particularly around Sri Lanka’s unique digital ID project