Oddamavadi 100 MW solar project sparks debate over high tariff
editor
Sri Lanka is set to commission a 100 MW solar power plant in Oddamawadi, Batticaloa, by next year amidst allegations of manipulations in power purchasing agreement with Ceylon Electricity Board (CEB).
President reveals plans to provide income tax relief and IMF’s counter proposal
President Ranil Wickremesinghe has revealed plans to provide relief for personal income tax in the near future as the government is considering adjustments to the personal income tax structure to provide relief to taxpayers, the President’s Media Division reported.
Colombo Marina Development nominated as primary venture in Port City
editor
The Cabinet of Ministers on Monday approved the nomination of Colombo Marina Development Ltd., as a primary venture with strategic development status under the provisions of the Colombo Port City Economic Commission Act No. 11 of 2021.
Sri Lanka’s economic potential highlighted at BIMSTEC Summit in New Delhi
The Ceylon Chamber of Commerce, together with its Member companies, represented Sri Lanka at the BIMSTEC Business Summit held on 6-7 August in New Delhi.
David Pieris Automobiles opens pre-bookings for NETA electric SUVs
David Pieris Automobiles Ltd. (DPA) has announced the opening of pre-bookings for NETA, the electric and innovative vehicle, for permit holders.
Global Unrest: Economic Hardships and Political Turmoil Across Nigeria, Ethiopia, Kenya, and Israel
editor
By. Aryan Maha.
Israeli minister denounced over call for Jewish prayer at Jerusalem holy site
A far-right Israeli minister has led hundreds of Jewish Israelis into Jerusalem’s most contested holy site, with many defying the Israeli government’s long-standing ban on Jewish prayer there.
Japan set for new PM as Kishida bows out as party leader
Japan's Prime Minister Fumio Kishida will not seek re-election as leader of the ruling Liberal Democratic Party (LDP), which he says needs a "new start".
Over 50 drugs fail quality tests in 2024
- A total of 51 drugs have failed quality tests so far in 2024 recording the highest number of quality failures of drugs in a year, according to the Medical Supplies Division of the Health Ministry.
Bank of Ceylon once again among Top 1000 World Banks
The Bank of Ceylon (BOC), Sri Lanka’s premier financial institution, announces its inclusion in The Banker magazine’s prestigious list of the Top 1000 World Banks for 2024.
More...
Elon Musk's Starlink wins Sri Lanka licence for broadband services
Sri Lanka's telecommunications regulator has issued a licence to Elon Musk's Starlink, the satellite unit of SpaceX, to provide the country with satellite broadband services, the president's office said.
Maga Engineering gets Central Highway contracts
Maga Engineering Ltd has been awarded the IR and IS contract packages for the Central Highway Project. With the approval of the the Cabinet of Ministers on Monday.
Commonwealth Enterprise and Investment Council sets up Sri Lanka Hub
The Commonwealth Enterprise and Investment Council (CWEIC) has announced the establishment of its Sri Lanka centre, which marks a key milestone in the Commonwealth’s efforts to promote trade and investment in the country.
Why India's market regulator is in the eye of a storm
India's stock market has been a hot topic of conversation for the past couple of days, with hashtags around it trending on social media.