The Commission to Investigate Allegations of Bribery or Corruption announced that it has filed approximately 75 court cases under the newly enacted Anti-Corruption Act within the past nine months. The Anti-Corruption Act No. 9 of 2023 was enacted in September 2023, repealing the Bribery Act No. 11 of 1954, the Commission to Investigate Allegations of Bribery or Corruption Act No. …
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President Anura Kumara Disanayake stated that this year’s budget will be prepared with the objective of involving every segment of the population in the country’s economic processes. The President expressed these views during a preliminary discussion held today (21) at the Presidential Secretariat with officials from the Ministry of Finance regarding the formulation of the 2025 budget. The discussion focused …
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Martin Raiser, Vice President for South Asia at the World Bank, stated that the organization is committed to providing financial and technical assistance for Sri Lanka’s key government projects. This statement was made during a meeting between President Anura Kumara Disanayake and representatives of the World Bank held today (21) at the Presidential Secretariat. During the discussion, consensus was reached …
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The Digital Payments Promotion Campaign 2025 under the theme of “Shaping the Future through Digital Transactions” was launched by Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka (CBSL) on 9th January 2025, at the Magam Ruhunupura Administrative Complex in Hambantota. The campaign was organized by CBSL with the support of Mr. Bimal Indrajith De Silva, District Secretary …
Continue ReadingAgriculture has an unchanging demand, mainly due to its heavy contribution to food security. It is one of the key sectors that contribute significantly to the development of any country’s economy, interacting with other sub-sectors related to increasing economic growth, reducing poverty, creating rural development, and achieving environmental sustainability. Agriculture accounted for 8.3% of Sri Lanka’s GDP in 2023. The …
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The scientists from the Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), Bengaluru have developed a device that senses strain, mimics pain perception and adapts its response accordingly. By recreating these pain-like responses, the device can help in detecting stress. The team developed the Neuromorphic device which is an electronic system that mimics the functions of neurons and synapses. The …
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Saif Ali Khan has given many hit films on the big screen. The actresses with whom Saif has been paired over the years are often discussed. Saif Ali Khan’s pairing with Kareena Kapoor Khan has worked off-screen but on-screen he shared a good deal with several actresses. Let’s have a look at Saif Ali Khan’s onscreen hit pairings. Saif Ali …
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Sri Lanka has developed a relief package for small and medium enterprises in collaboration with the Central Bank of Sri Lanka (CBSL), the Sri Lanka Banks’ Association (Guarantee) Ltd (SLBA), and SME sector representatives. “The relevant measures have been prepared with a long term insight to provide a breathing space for the affected SMEs while ensuring the stability of the …
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WhatsApp, one of the leading instant messaging platforms with over 3.5 billion users, has been constantly rolling out new features to enhance the user experience. In its latest move, the company is testing a new feature which aims at status lovers, enabling them to add music to their WhatsApp status updates. Over the past year, the platform has been introducing …
Continue ReadingSri Lanka’s struggling businesses can find some respite as the Finance Ministry yesterday announced details of a relief package for small and medium-sized enterprises (SMEs) facing difficulties servicing their debt due to the economic crisis following the global health pandemic. For the period of April 1, 2019, to September 30, 2024, approximately 494,000 loans amounting to Rs. 886 billion have …
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