Tech Technological Advancements

Samsung’s Ultra-High Definition TVs Set New Standard in Display Entertainment

Samsung’s latest innovation, the Ultra-High Definition (UHD) TVs, represents a significant leap forward in home entertainment technology. These cutting-edge televisions not only offer unmatched visual quality but also redefine how families interact and consume media. By seamlessly integrating connectivity, emotion, and immersive experiences, Samsung UHD TVs are poised to revolutionize family time. In today’s dynamic

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Breaking News Sri Lanka News

Japanese Foreign Minister Yoko Kamikawa Scheduled for Visit to Sri Lanka

Japan’s Foreign Minister Yoko Kamikawa is set to embark on an official visit to Sri Lanka from May 4 to 5. During her visit, Minister Kamikawa will engage in courtesy calls with President Ranil Wickremesinghe and Prime Minister Dinesh Gunawardena. Additionally, she will hold official discussions with Sri Lanka’s Foreign Minister Ali Sabry, accompanied by

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Economics

Ceylon Chamber Applauds National Digital Economy Strategy

The Ceylon Chamber of Commerce has emphasized the crucial importance of implementing the National Digital Economy Strategy 2030 with active involvement from the government and collaboration with industry stakeholders. In a press release, the Chamber highlighted the significance of the Digital Economy as a pivotal driver for Sri Lanka’s economic growth acceleration. The recently unveiled

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Economics

Sri Lanka’s Automotive Market Braces for Decline

Industry analysts predict a rapid cooling of Sri Lanka’s overheated second-hand car market following the partial relaxation of import controls for tourism. The shift became evident as brand new van prices, particularly for models permitted in the tourism sector, were advertised significantly below the asking prices for used vehicles. Toyota Lanka’s advertisement offering the new

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Economics

Sri Lanka Anticipates 8.5% Credit Growth, $20 Billion Imports in 2024

Sri Lanka’s central bank has outlined its economic projections for 2024, anticipating a 3.0 percent growth and a recovery in private credit to 8.5 percent, following a 0.6 percent contraction in 2023. The projections also include an increase in exports to 12.9 billion US dollars from 11.9 billion dollars and a rebound in imports to

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Industry Analysis

Indian giant ITC begins global hospitality journey with Sri Lanka

Indian conglomerate ITC has made its mark on the global hospitality scene with the inauguration of “ITC Ratnadipa,” a luxurious 352-room hotel in Colombo, marking its first overseas venture. The hotel, along with the Sapphire Residence complex, represents a substantial $500 million investment, positioning it as a significant addition to Sri Lanka’s tourism and hospitality

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Education and Career

Education should be free from political influence – President

President Ranil Wickremesinghe addressed the tenth biennial conference of the All Island Professional Lecturers’ Association (APLA) on Tuesday at the Nelum Pokuna Theatre in Colombo, stressing the dangers of politicizing education and calling for collaborative efforts to design a more effective education system for Sri Lanka within the next two to three years. The President

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Economics

Sri Lanka, Iran Presidents inaugurate Uma Oya hydro-electric project

Iran’s President Seyyed Ebrahim Raisi and Sri Lanka’s President Ranil Wickremesinghe jointly inaugurated a hydroelectric project in Sri Lanka, adding significant capacity to the national grid with an estimated generation of up to 290 Giga Watt hours of energy. This $514 million irrigation and hydropower initiative, designed and constructed by Iran’s Farab engineering group, holds

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Economics

Colombo to become tourist city, no more aragalaya: Sri Lanka President

President Ranil Wickremesinghe unveiled ambitious plans to elevate Colombo into a prominent tourist destination, signaling a transformative phase for the city’s development. These plans encompass relocating significant landmarks such as the President’s House to the Madiwela area within the coming decade. Wickremesinghe’s vision extends to leveraging key sites like Republic Square, Navy Headquarters, Old Jetty,

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Business

Elephant House Sausages takes legendary Sri Lankan taste to Australia

Keells Food Products PLC has unveiled its Elephant House range of sausages to the dynamic culinary scene of Australia through a strategic partnership with Millennium Imports Ltd., a prominent importer and distributor of premium food items. This collaboration marks a significant milestone for both Elephant House, a beloved Sri Lankan household brand recognized for its

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