Education and Career

China Provides 11.82 Million Meters of Fabric for 2025 Sri Lankan School Uniforms

The People’s Republic of China has pledged an impressive 11.82 million meters of fabric for Sri Lankan school uniforms, benefiting students across the nation for the 2025 school year. The Cabinet of Ministers approved this generous grant, valued at over Rs. 5.2 billion, during their meeting on Monday. Cabinet Spokesman Minister Vijitha Herath, speaking at

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Tech

Dialog Axiata Launches World’s First Commercial Virtual Base Station Controller with Ericsson

Dialog Axiata PLC, Sri Lanka’s leading connectivity provider, has launched the world’s first commercial virtual Base Station Controller (vBSC) in partnership with Ericsson (NASDAQ: ERIC). This pioneering deployment is designed to boost network performance, reliability, and operational efficiency, while significantly reducing operating costs. The vBSC is an advanced virtualized version of the traditional Base Station

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Finance

JAT Holdings Posts 67% PAT Growth Despite Bangladesh Challenges, Expands Global Footprint

JAT Holdings PLC reported a robust 67% growth in Profit After Tax (PAT) for the first half of FY 2024/25, reaching Rs. 512 million by September 30, 2024. This growth comes amidst challenging conditions in Bangladesh and the Maldives, demonstrating the company’s resilience and commitment to delivering value to stakeholders. The Group’s Sri Lanka operations

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Forex Market

Sri Lanka Rupee Opens Weaker Against Dollar; Bond Yields Steady

On Monday, Sri Lanka’s rupee opened weaker at 293.00/15 against the US dollar, according to dealers, while bond yields remained steady across various maturities. For bonds maturing on December 15, 2026, yields were quoted at 10.55/75 percent, down from 10.65/85 percent. Bonds maturing on December 15, 2027, held steady at 11.45/55 percent. Meanwhile, bonds maturing

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Economics

CPC Reports Profit Decline Amid Falling Oil Import Costs

Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) has reported a steep decline in profits for the first half of 2024, with net earnings plummeting by 70.2% to 20.7 billion rupees compared to 69.5 billion rupees in the same period last year. According to a Finance Ministry report, the decrease in profits is attributed to a

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Travel

Enter Air Launches New Charter Flights from Poland to Sri Lanka

Enter Air, the largest private airline operating in Poland, has officially commenced flight services connecting Warsaw to Colombo, Sri Lanka. This new route, which began operations on October 30, will run regularly until the end of March 2025, significantly enhancing travel and tourism links between the two countries. The inaugural flight received a warm welcome

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Travel

Public Urged to Apply for Passports Only for Urgent Needs

Cabinet spokesperson and Minister Vijitha Herath has urged the public to apply for passports at the Department of Immigration and Emigration only for urgent matters. Speaking to the media, Minister Herath advised that those requiring passports for non-immediate or long-term purposes consider postponing their applications, as there are ample stocks to meet current demands. According

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Tech

Asia Foundation APAC Cybersecurity Fund Boosts MSME Cyber Resilience in Sri Lanka

The Asia Foundation, backed by a $15 million Google.org grant, recently launched the APAC Cybersecurity Fund in Colombo to bolster the cybersecurity capabilities of over 300,000 MSMEs across 12 Asia-Pacific countries. This initiative aims to equip 13,000 small and medium enterprises (SMEs) in Sri Lanka with essential skills to manage digital security threats, benefiting businesses

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Tech

Colombo Port City to Become South Asia’s Leading Hub for IT and BPO Firms

The Sri Lankan government is setting the stage for Colombo Port City to become a global hub for IT and Business Process Outsourcing (BPO) firms, supporting its vision to develop a USD 15 billion digital economy by 2030. Modeled after Dubai and Singapore, the Port City’s regulatory framework now includes competitive tax breaks, provisions for

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