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International community strikes a ground-breaking global minimum corporate tax rate sans Sri Lanka and three others

Major reform of the international tax system finalised yesterday at the OECD will ensure that Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023. The…

Navigating through High Maritime Freight Rates

By Imesha Dissanayake Maritime Freight rates have been on an upward trend since the second half of 2020. The Drewry’scomposite World Container Index (WCI) as of 30th September 2021 increased…

Huawei Wins WWF Climate Solver Award 2020

Climate Action Week – 2021 Zero Carbon Mission International Climate Summit (hereinafter referred to as “the Summit”), co-organized by World Wide Fund for Nature (WWF) and Phoenix TV, was held…

TikTok hits 1 billion monthly active users globally – company

(Reuters) – TikTok hit 1 billion monthly active users globally this summer, the company told Reuters, marking a 45% jump since July 2020. The United States, Europe, Brazil and Southeast…

Seven countries, including Sri Lanka and Chile, have agreed to stop using the dirtiest fossil fuel

Seven countries have signed a pledge initiated by the United Nations to stop building new coal power plants, with the aim to gather more signatures before the global climate summit COP26 in…

Huawei Service Carnival brings exciting offers to make your devices always “new”

Huawei, the global smartphone brand has rolled out the Huawei Service Carnival from 19th July to 30th September 2021 at island wide service centers. Huawei will be rewarding its loyal…

Huawei Y7a and Huawei Band 6 open up a new dimension to a healthy life

Huawei, the leading technology solutions provider is renowned for unleashing a wide range of smart devices while focusing on the health and fitness aspect of its users. Huawei’s wearable devices…

Unmatched features of three Huawei smart devices: Huawei Nova 7 SE, Band 4e (Active) and Band 6

Huawei, the leading technology solutions provider boasts of a wide range of tech portfolio that addresses the increasing needs of this digital era. From innovative techs solutions such as smartphones,…

Sri Lanka’s SME Business sentiment remains pessimistic in June

Business sentiment among  Sri Lanka’s small and medium-sized enterprises (SMEs) remained pessimistic with an overall score of 36.3 out of 100, ‘SME pulse’ survey conducted by Sri [email protected] SME pulse computes…

Sri Lanka’s FIU imposes financial penalties on DFCC Bank and Union Bank for non-compliance with AML/CFT rules

Sri Lanka’s regulator for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), the Financial Intelligence Unit (FIU) imposed financial penalties on Union Bank of Colombo PLC and DFCC Bank PLC…