Development and Economic News

The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has officially issued a Telecommunications Service Provider Licence to Starlink Lanka Ltd., under Section 17B of the Sri Lanka Telecommunications Act No. 25 of 1991, as amended.

The Ceylon Chamber of Commerce, together with its Member companies, represented Sri Lanka at the BIMSTEC Business Summit held on 6-7 August in New Delhi.

David Pieris Automobiles Ltd. (DPA) has announced the opening of pre-bookings for NETA, the electric and innovative vehicle, for permit holders.

Sri Lanka's telecommunications regulator has issued a licence to Elon Musk's Starlink, the satellite unit of SpaceX, to provide the country with satellite broadband services, the president's office said.

Maga Engineering Ltd has been awarded the IR and IS contract packages for the Central Highway Project. With the approval of the the Cabinet of Ministers on Monday.

The Sri Lanka Gem and Jewellery Association (SLGJA), yesterday raised growing concern that the imposition of high taxes, including the Value-Added Tax (VAT) is driving businesses in the gem and jewellery industry to be relocated to other countries, which have more conducive environments for such business.

The much-delayed passenger ferry service connecting Nagapattinam in Tamil Nadu with the Kankesanthurai (KKS) suburb of Jaffna district in the Northern Province of Sri Lanka is set to commence on August 16, Indian media reported.

Digitalisation in education is not just about replacing blackboards with smart boards; it has a much broader purpose and vision, Education Minister Susil Premajayantha said at a recent Ministry event.

Sri Lanka is gradually clawing back its industrial heft it lost two years ago when it nearly ran out of foreign currency, reflecting that the manufacturing sector is on its way to its former glory. Reason being, the recovery of demand and the easing production and funding costs.

Minister of Foreign Affairs Badr Abdelatty discussed with his Sri Lankan counterpart Ali Sabry boosting trade and investment relations between the two countries and recent developments in the Gaza war at a meeting on Saturday in Cairo.

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