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The Korea International Cooperation Agency, (KOICA) provided a grant worth four million USD to the Road Development Authority (RDA) through the Ministry of Highways to implement the Enhancement of National Traffic Database and Capacity Building project. The record of discussion between the governments was signed on 30th November 2021. The objective of the project is […]
“The losses incurred by energy utilities have been financed by the state banks and have grown so large they now threaten the stability of the banks. The total liabilities owed by the state-owned monopoly, the CPC (Ceylon Petroleum Corporation) to the country’s two state banks, is a staggering Rs. 707,505 million ( USD3.5 billion) by […]
Exterminators announced the launch of a range of novel, energy saving flying insect control brands in Sri Lanka from PELSIS-England, the world’s renowned environment enhancement brand. Designed around the UV LED source, Infiniti® delivers game changing unique fly killer technology to the professional flying insect control market. Infiniti® differentiates itself from other glue board fly […]
With the government’s active interest and steps for the enrolment of 5G technology, Sri Lanka has witnessed a rapid rise in 5G development projects, fibre network, spectrum auction and live 5G trials which have built a strong interest and knack for the technology, vivo technology brand in Sri Lanka says. “5G private networks are being […]
NCPI based headline inflation (Y-o-Y) increased to 16.8 per cent in January 2022 from 14.0 per cent in December 2021 due to increases of prices of items in both Food and Non-food categories, according to Weekly Economic Indicators announced by the Central Bank of Sri Lanka (CBSL). Meanwhile, Food inflation (Y-o-Y) and Non-food inflation (Y-o-Y) […]