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HCL Tech says business as usual, no hiring slowdown in Sri Lanka

Amid the ongoing economic crisis in Sri Lanka, HCL Technologies said that it has not seen any business impact on its deliverables, or any slowdown in hiring in the region,…

As ‘economic catastrophe’ looms, private sector demands immediate action from policymakers

23 industry associations, representing private sector firms engaged in export, import andlogistics industries warned of catastrophic consequences for Sri Lanka’s economy and the people if the ongoing economic and political…

edotco Sri Lanka partners with HUTCH to provide customized telecommunication infrastructure services

edotco Services Lanka (Private) Limited (edotco) recently inked an agreement with Hutchison Telecommunications Lanka (Private) Limited (Hutch) to provide customized ‘build-to-suit’ Multipurpose Smart Street Lamp pole infrastructure services. The partnership…

From Crisis to Inclusive Economic Growth in Sri Lanka

By Faris Hadad-Zervos. World Bank and Hans Timmer Sri Lanka has managed the health and safety aspects of the COVID-19 pandemic in a commendable way.  The nation has been and…

IMF Urges Sri Lanka to implement an ambitious fiscal consolidation program to overcome the economic crisis

The International Monetary Fund (IMF) urges Sri Lanka to implement an ambitious fiscal consolidation that is based on high-quality revenue measures which consist of raising income tax and VAT rates…

New USPTO study finds no one company dominating 5G

 A new report published by the United States Patent and Trademark Office (USPTO), “Patenting Activity among 5G Technology Developers,” concludes that there is global competition in 5G innovation, with no one company dominating the…

Ceylon Chamber Pleads Government to Reconsider the Surcharge Tax Bill

The membership of the Ceylon Chamber of Commerce notes serious concerns on the provisions of the Surcharge Tax Bill that has been gazetted recently to implement the budget proposal on…

Semiconductors, Electronics and Pharmaceuticals Lead Digital Transformation in Manufacturing

A new report launched today by the World Economic Forum reveals that the Semiconductors, Electronics and Pharmaceuticals sectors are leading the way in the digital transformation of manufacturing. The Manufacturing Transformation…

The Central Bank publishes “Recent Economic Developments: Highlights of 2021 and Prospects for 2022″

The Central Bank of Sri Lanka today published “Recent Economic Developments: Highlights of 2021and Prospects for 2022” online with an overview of the performance of the Sri Lankan economy in…

Sri Lanka Lifts margin deposit requirement on mobiles, home appliances, and over 600 other imported goods

The Central Bank of Sri Lanka (CBSL) removed the 100 percent cash margin deposit requirement imposed on 623 ‘non -essetial’/non urgent’ imported goods including mobiles, home appliances, clothing, household, and…