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WSO2 completes $93 mn Series E Growth Funding with Info Edge Investment

BusinessWSO2 founder and CEO, Dr. Sanjiva WeerawaranaTags: Print EditionWSO2, the leader in digital transformation technology, announced that the company has completed its Series E funding round with the addition of RedStart Labs…

No financing until macroeconomic policy framework in place – WB

BusinessTags: Print EditionThe World Bank has issued a statement on Sri Lanka. Following is the statement: “Recent media reports have inaccurately stated that the World Bank is planning support for Sri Lanka in the form of a bridge…

Amana Takaful posts impressive Q1 revenue growth

BusinessTags: Print EditionAmana Takaful Insurance, recently posted handsome financials and growth, for Q1 of 2022, recording a rapid YoY growth of 42% with a total Gross Written Premium (GWP) revenue of Rs 889 million within the…

US and Keells promote competitiveness in Sri Lanka’s MICRO, SME enterprises

BusinessU.S. Ambassador to Sri Lanka Julie Chung and Chairman of John Keells Group, Krishan Balendra at an earlier eventTags: Print EditionThe U.S. and Keells are partnering to strengthen small businesses in Sri Lanka through an…

CBSL implements extraordinary measures to support Banking Sector

BusinessTags: Print EditionThe Central Bank of Sri Lanka, considering the prevailing macroeconomic conditions and its impact on the banking sector, has decided to implement several regulatory measures to support the banking sector to…

Ranil Wickremesinghe sworn in as Finance Minister

BusinessTags: Print EditionPrime Minister Ranil Wickremesinghe was appointed as Minister of Finance, Economic Stability and National Policies by President Gotabaya Rajapaksa yesterday. The five-time Prime Minister was re-appointed to…

BOI inks USD 20 mn projects in May despite current economic crisis

BusinessToshiyuki Hatanaka and Renuka M. WeerakoneTags: Print EditionDespite the current economic crisis the Board of Investment has signed 13 new investment contracts inclusive of three major projects for May 2022. The total…

CPC receives 67 proposals for supply of petroleum products

BusinessMinister WijesekeraTags: Print EditionSri Lanka has explored the idea of increasing prices in premium products, Energy Minister Kanchana Wijesekera said. Minister Wijesekera in a message on Twitter yesterday (25) said that…

Kimarli Fernando resigns

BusinessTags: Print EditionChairperson Sri Lanka Tourism Kimarli Fernando tendered her resignation to the Tourism Minister Harin Fernando yesterday. In her lengthy resignation letter to the Minister she has also outlined some of the…