Microsoft has unveiled plans to invest $2.2 billion in artificial intelligence (AI) and cloud infrastructure in Malaysia, marking a significant step to bolster the country’s digital transformation. The announcement, made by Microsoft CEO Satya Nadella during his visit to Kuala Lumpur as part of a Southeast Asia tour, includes the establishment of an AI Centre
The Indian Government announced on Saturday that it has permitted the export of 99,500 tonnes of onions, primarily sourced from Maharashtra, to six neighbouring countries, despite the existing ban on onion shipments. Additionally, the government has authorized the export of 2,000 tonnes of white onions specifically cultivated for export markets in the Middle East and
Singapore’s food safety authority, the Singapore Food Agency (SFA), recently sent a delegation to Sri Lanka on a four-day mission. This visit aimed to achieve two key objectives: boosting Sri Lankan exports to Singapore and evaluating Sri Lankan facilities for potential poultry imports. Led by Dr. Abdul Jalil Abdul Karder, the SFA delegation conducted pre-inspections
Sri Lanka’s border security is receiving a significant upgrade thanks to a generous grant from the Japanese government. A package valued at USD 8.4 million includes a variety of high-tech scanners destined for Katunayake International Airport and the Colombo Port. The primary focus of these scanners is public health. Disease-detecting equipment will be used to
Sri Lanka finds itself at a crossroads brimming with economic potential. The strengthening ties with India, coupled with a surge in Indian investor interest across various sectors, presents a unique opportunity for the island nation to attract foreign direct investments (FDIs) and achieve significant economic gains. Sri Lanka India Society President Kishore Reddy emphasizes the
Sri Lanka is looking to strengthen its trade ties with Italy, its top trading partner within the European Union. Recognizing this strategic importance, the National Chamber of Commerce of Sri Lanka (NCCSL) recently hosted a session to explore bilateral trade opportunities. Sri Lankan Ambassador to Italy, Jagath Wellawatte, highlighted the under-participation of Sri Lankan businesses
Mumbai has dethroned Beijing as Asia’s billionaire capital, according to the 2024 Hurun Research Global Rich List, reported by the Times of India (TOI). India’s financial powerhouse now boasts 92 billionaires, surpassing Beijing’s 91, despite China still holding the overall lead with 814 billionaires compared to India’s 271. Mumbai’s meteoric rise is fueled by a
Canadian-based electronic lifecycle administration company, CIS, has expressed interest in exploring investment opportunities in Sri Lanka. The company, led by Sri Lankan entrepreneur Stan Muthulingam, specializes in IT resource and asset disposal services. Muthulingam recently hosted Dilum Amunugama, Sri Lanka’s State Minister, at CIS’s Toronto office. The visit aimed to showcase CIS’s operations and explore
Sri Lanka and India are poised to strengthen their economic and trade partnership through a new Economic and Technology Cooperation Agreement (ETCA) and a Bilateral Investment Treaty, according to Indian High Commissioner to Sri Lanka Shri Santosh Jha. This move comes on the heels of a successful Free Trade Agreement (FTA) established in 2000. Highlighting
The Government of Japan has recently responded to a request from the Government of Sri Lanka by offering grant assistance amounting to Japanese Yen one thousand and six hundred million (approximately Rs 3.3 billion). This aid falls under the Japanese Economic and Social Development Programme and is allocated to address the diverse needs across several