IFS Chief Product Officer Christian Pedersen First of four release announcements deliver IFS’s vision to lead as the default Composable Enterprise Application Vendor IFS, the global cloud enterprise software company, last week announced the general ava…
IMF pushing for effective solution for distressed debt | Daily FT
New guidelines to bring equality of treatment for all creditorsExpand greater donor coordination to middle-income countries like SLIMF Chief says over 60% of low-income countries are at or near debt distress and across many economies, recession risks a…
Govt. loses $ 30 m monthly due to gold smugglers: State Minister | Daily FT
State Finance Minister Ranjith Siyambalapitiya yesterday claimed that the Government loses about $ 30 million in revenue monthly, as people smuggle gold into the country. “Immediate legal action will be taken against people who arrive in the country we…
World Bank assures to support Sri Lanka’s recovery, sustainable growth | Daily FT
World Bank Vice President South Asia Martin Raiser (left) meeting with State Finance Minister Shehan Semasinghe The World Bank has assured it will work closely with the International Monetary Fund and other development partners, to support Sri Lanka’s …
Harin confirms Qatar Airways’ increase in flights to SL during FIFA World Cup | Daily FT
Qatar Airways will increase its flight frequency to Colombo during the FIFA World Cup 2022, to woo visitors to Sri Lanka during non-match days, Tourism Minister Harin Fernando confirmed yesterday. Taking to Twitter, he thanked Qatar Airways for extendi…
Govt. steps up efforts to bolster exports | Daily FT
Industries Minister Dr. Ramesh Pathirana and Investment Promotions State Minister Dilum Amunugama review progress, initiatives and challengesPlan to boost FDIs via investment-friendly environmentHighlight measures taken to promote investments related t…
Colombo stock market ends 3-week negative run | Daily FT
The Colombo stock market turned bearish yesterday but gains in the early part of the week helped it to close on the up ending three weeks of decline. The benchmark ASPI gained by 43.85 points (+0.48%) and the S&P SL20 edged up 10.90 points (+0.39%). Av…
Vidullanka, Windforce, HiEnergy jointly commission 10 MW Vavunathivu Solar Power plant to national grid | Daily FT
Vidullanka PLC this week announced the official commissioning of the Vavunathivu Solar Power plant by the joint venture company; Solar Universe Ltd. The ground mounted solar power project with 10 MWac is developed with a total investment of Rs. 2.4 bil…
Wholesale wheat flour price slashed | Daily FT
The Essential Food Importers and Traders Association announced that the wholesale price of wheat four has been reduced from yesterday. It said that the wholesale price of wheat flour has been reduced by Rs. 85 per kg. Accordingly, the wholesale price h…
People must stand against wrong political decisions of leaders: Nalaka Godahewa | Daily FT
Says his group will oppose wrong decisions of Govt. Demands Govt. to reveal all economic decisions to the peopleCalls on people to voice their dissent against corruption and ill-considered political decisionsGampaha district MP Nalaka Godahewa says the…