Foreign investors are dumping Sri Lankan government securities as interest rates decline.
According to Central Bank data, foreign investors sold Sri Lankan government assets in the week ending January 30 after purchasing them for two weeks. Analysts ascribed the sale to a…
First Capital Advisory Services and Atarah Capital Announce Strategic Partnership
First Capital Advisory Services (Private) Limited, a subsidiary of First Capital Holdings PLC/ and Atarah Capital (Private) Limited have officially signed a Memorandum of Understanding (MoU) to establish a strategic…
DeepSeek prompts an AI rethink, deepening the selloff in tech stocks.
Japanese technology stocks dropped on Tuesday following a global market sell-off triggered by the emergence of a low-cost Chinese AI model, DeepSeek. The model, which uses less data and is…
$200 million will be used by the World Bank to fund important projects in Sri Lanka.
The World Bank intends to invest $200 million in three major projects over the next three months, according to Martin Raiser, vice president for South Asia at the World Bank,…
Netflix shares hit new record high as subscriber growth surges.
Netflix shares rose 15% to an all-time high after the company added a record 18.9 million new subscribers during the holiday quarter. Netflix’s major push into live sports, including events…
Classic Destinations Recognized as Best Adventure Tourism Promoter at Sri Lanka Tourism Awards 2024
Classic Destinations has been awarded the prestigious title of Best Adventure Tourism Promoter at the Sri Lanka Tourism Awards 2024. This accolade reflects the company’s unwavering commitment to delivering innovative,…
Classic Travel Partners with ISIC to Revolutionize Student Travel
Classic Travel, a trusted name in the travel industry, has partnered with the International Student Identity Card (ISIC) to offer unparalleled advantages to student travelers. Through this collaboration, Classic Travel…
Huawei OceanStor Dorado All-Flash Storage Earns CC Certification, the Highest Storage Device Security Standard
Huawei OceanStor Dorado All-Flash Storage obtained the Common Criteria (CC) Evaluation Assurance Level (EAL) 4+ security certification, the highest level of security certification for storage products. The certification was approved…
Walkers Tours honoured at Sri Lanka Tourism Awards 2024
Walkers Tours is thrilled to announce that they have been honoured with the Best Sustainable Practices in Specified Tourist Services award at the Sri Lanka Tourism Awards 2024. This prestigious…
DIMO strengthens regional growth with new DIMO CAREHUB in Marawila, Puttalam District
DIMO, the diversified conglomerate in Sri Lanka, recently opened its latest DIMO CAREHUB located at Chilaw Road, Horagolla, Marawila, in Puttalam District. The company’s dedication to strengthening the North Western…