A new bill introduced to address bankrupt businesses

President Ranil Wickremesinghe stated that it is not feasible to indefinitely maintain the temporarily suspended Parate law. Consequently, a new bill will be introduced to address bankrupt businesses. The President also mentioned that the proposed bill includes provisions for restructuring loans taken by Micro, Small and Medium Enterprises (MSME). Additionally, a new institution named “Enterprise Sri Lanka” will be established …

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Government May Enforce Price Controls if Concessions Not Passed to Consumers

Minister of Trade, Commerce, and Food Security Nalin Fernando stated that if the business community fails to pass on government-provided concessions to consumers, price controls will need to be implemented for certain goods. He also announced that proposals to amend the Consumer Act are planned to be submitted to Parliament within the next two weeks. Minister Fernando made these remarks …

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The benefits of the country’s growing economy should also extend to general public

President Ranil Wickremesinghe stated that while the government is inviting large-scale investors from both domestic and international sources to explore new investment opportunities in the rebuilding of Sri Lanka, it is also implementing a program to support small and medium-scale businesses that were affected by the recent economic crisis. The President made these remarks during a meeting with representatives of …

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President aims to make Sri Lanka to Become the Regional Hub for Human Capital Development

President Ranil Wickremesinghe emphasized that efforts are underway to position Sri Lanka as the regional hub for human capital development. He stressed the need to re-evaluate the National Vocational Qualification (NVQ) to align with internationally accepted standards, such as those in Australia. He expressed his intent to seek assistance from Australia to strengthen and modernize Sri Lanka’s education system. He …

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Infants use their mother’s scent to see faces

Ever wondered how babies view the world? An intriguing study published on Thursday revealed that infants between the ages of four and 12 months use their mother’s scent to recognize faces. According to the research published in the Child Development journal, babies benefit significantly from their mother’s smell, and their ability to perceive faces improves considerably within this age range. …

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How to remove AI videos from YouTube?

The use of AI is growing like wildfire and AI-generated content is polluting online platforms and so is the concerning issue with one of the popular video-sharing platforms.  ‘YouTube’. To combat the rising number of AI-generated videos on the platform, YouTube has been encouraging users to use new tools and guidelines which will help them identify and report AI-generated videos …

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Foreign Minister Ali Sabry Calls on the Romanian Prime Minister to consolidate bilateral ties

Foreign Minister Ali Sabry, who was on an official visit to Romania, paid a courtesy call on the Romanian Prime Minister, Ion-Marcel Ciolacu on 17 July 2024 at the Victoria Palace, Bucharest. During the call, Foreign Minister Sabry briefed the Romanian Prime Minister on the current economic situation in Sri Lanka, highlighting efforts towards economic recovery and stability and shared the progress made …

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Legislative Steps to Designate Areas occupied by Plantation Workers as New Settlement Villages

The Cabinet has approved the proposal presented by President Ranil Wickremesinghe to identify areas occupied by Plantation Workers on state-owned plantation lands managed by the State Plantation Corporation and regional plantation companies and to draft legislation to formally designate these areas as new settlement villages. A special discussion in this regard was also held at the Presidential Secretariat, yesterday (17) …

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Gnanasara Thera released on bail

The Court of Appeal today ordered to release BBS General Secretary Ven. Galabodaatte Gnanasara Thera on bail pending an appeal. Ven. Gnanasara Thera was ordered to be released on a cash bail of Rs.50,000 with two sureties of Rs.500,000. The Colombo High Court had earlier rejected the bail application filed on behalf of Ven. Gnanasara thera citing there are no …

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