PUCSL to reach decision on proposed electricity tariffs next week
The Public Utilities Commission of Sri Lanka (PUCSL) is scheduled to address the proposed revision of electricity tariffs by the Ceylon Electricity Board (CEB) in a meeting on 22 January.
New economic journey between Sri Lanka and Africa gets underway
President Ranil Wickremesinghe’s recent visit to Uganda has significantly contributed to strengthening diplomatic ties with African nations that have previously been overlooked in Sri Lanka’s foreign relations.
IMF applauds Central Bank’s triumphs over inflation but urges prudent policy
Leveraging the effectiveness of the Central Bank of Sri Lanka on the control over inflation, the International Monetary Fund (IMF) emphasised the importance of maintaining a prudent approach in future monetary policy decisions.
Central Bank to roll out phase II masterplan under NBFI consolidation
While reiterating once again the importance of consolidation in the banking sector for higher scale, efficiency and strength, the Central Bank said it is going to roll out the second phase of the consolidation master plan for the non-bank finance company sector in earnest.
IMF Chief lauds Sri Lanka’s economic reform efforts
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva commended the economic reform endeavors pursued by Sri Lanka during a meeting with President Ranil Wickremesinghe at the World Economic Forum in Davos, Switzerland.
Sri Lanka calls for EoI for divestiture of Litro Gas Lanka Ltd & Terminal
The Government of Sri Lanka (GoSL) intends to divest all or majority of its equity shareholding in Litro Gas Lanka Limited (LGL) & Litro Gas Terminal Lanka (Pvt) Ltd (LGTL).
Sri Lankan Airlines defaults another payment on dollar bond in 2024
Sri Lankan Airlines Ltd. missed a third coupon payment on its 175 million US dollar bond, due later this year, according to a filing on Tuesday.
Government to enact Banking Amendment Bill in early 2024
As part of a slew of policy reforms that are in the pipeline to improve both the resilience and corporate governance of the banks in the near and medium term, the existing Banking Act, which is currently being amended, could see its passage through Parliament in the early part of 2024.
Italian influencers to be bound by tighter rules
Italian social media creators could soon be bound by the same rules as traditional media outlets when posting their content online.
Yemen strikes: Houthis hit US-owned ship after 'terror' designation
Yemen's Houthis have targeted a US-owned vessel in the Gulf of Aden after Washington said it will re-designate the group as "global terrorists".
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Presidential pardon granted to Duminda Silva not valid in law: SC
Sri Lanka's Supreme Court today held that former President Gotabaya Rajapaksa's decision to grant a Presidential pardon to former Parliamentarian Duminda Silva is arbitrary and not valid in law.
Apple overtakes Samsung as world's biggest phonemaker
Apple now has the lion's share of the global smartphone market, knocking Samsung off the top spot for the first time in 12 years.
Guinness World Records reviews 'world's oldest dog' title
A Portuguese dog named Bobi made headlines last year when he was crowned the world's oldest dog ever by Guinness World Records (GWR) - beating a previous record that stood for a century.
New QR code system for three-wheelers
Minister of Labour and Foreign Employment Manusha Nanayakkara says measures will be taken to introduce a new QR code system within a very short period of time, in consideration of the proposal to introduce a QR code in relation to the registration and preparation of a data system for all three-wheeler drivers.