EU opens formal investigation into TikTok over possible online content breaches
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EU opens formal investigation into TikTok over possible online content breaches

The European Union will investigate whether ByteDance’s TikTok breached online content rules aimed at protecting children and ensuring transparent advertising, an official said on Monday, putting the social media platform at risk of a hefty fine. EU industry chief Thierry Breton said he took the decision after analysing the short video app’s risk assessment report…

JICA chief and President Ranil discuss economic reforms, investment projects
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JICA chief and President Ranil discuss economic reforms, investment projects

The President of Japan International Cooperation Agency (JICA) has commended President Ranil Wickremesinghe’s commitment to the program aimed at implementing economic reforms in Sri Lanka, acknowledging its challenging nature. Dr. Tanaka Akihiko made these remarks when he called on the Sri Lankan leader on (Feb.14), according to the President’s Media Division (PMD). In response, President…

Implementation of a Loan Scheme to Support Small and Medium-Scale Rice Industry
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Implementation of a Loan Scheme to Support Small and Medium-Scale Rice Industry

President Director General (Community Affairs), Rajith Keerthi Thennakoon, announced the initiation of an “Odapana” loan scheme during a meeting held at the President’s Office the day before yesterday (14). This loan scheme, implemented in response to President Ranil Wickremesinghe’s directives, aims to address the financial challenges encountered by small and medium-scale rice mill owners, rice…

ADB financial aid a victory for Mahaweli farming community
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ADB financial aid a victory for Mahaweli farming community

The Asian Development Bank has pledged to assist in developing Smart Agriculture in Mahaweli Zones in a positive move made over a request made by Minister of Irrigation, Wildlife and Forest Resources Conservation Pavithra Wanniarachchi. Accordingly, ADB has pledged to provide US$ 8 million to introduce modern technology in the field of agriculture and livestock…

Harin says Indian companies likely to acquire major hotel chains in Sri Lanka
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Harin says Indian companies likely to acquire major hotel chains in Sri Lanka

Tourism Minister Harin Fernando disclosed that three out of four potential parties are Indian companies that are shortlisted to buy Hotel Developers Lanka Ltd., the owning company of the popular five-star Hilton Colombo. “Most probably it will go to an Indian firm,” he said speaking at the Sri Lanka Tourism Networking Evening held recently in…

Sri Lanka Speeds Up FTAs, Eyes Deals with China and Others by Year-End
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Sri Lanka Speeds Up FTAs, Eyes Deals with China and Others by Year-End

Sri Lanka is accelerating its push for free trade agreements (FTAs) with key regional and global partners, aiming to finalize deals with India, Indonesia, Malaysia, Vietnam, and China by the end of 2024. This ambitious plan, announced by Foreign Affairs Minister Ali Sabry, seeks to boost the nation’s economic growth and competitiveness by opening up…

Thai exports by 7.4% and Sri Lankan exports by 43% risen before FTA
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Thai exports by 7.4% and Sri Lankan exports by 43% risen before FTA

Prime Minister Srettha Thavisin, during the recent Sri Lanka – Thailand Business Networking event, highlighted the thriving economic relationship between the two sides, pointing out the Thailand-Sri Lanka Free Trade Agreement (FTA) as a milestone showcasing mutual confidence in the economic prospects of both nations. The trade between Thailand and Sri Lanka has witnessed a…

Thai PM Visit and FTA Signing Underscore Growing Trade Ties Between Sri Lanka and Thailand
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Thai PM Visit and FTA Signing Underscore Growing Trade Ties Between Sri Lanka and Thailand

As Thai Prime Minister Srettha Thavisin prepares to visit Sri Lanka on February 3-4, the recently released trade data sheds light on the burgeoning economic relationship between the two countries. The visit, which will culminate in the signing of a free trade agreement (FTA), further solidifies this promising direction. According to oec.world, in 2021, Thailand…

Sri Lanka Implements Comprehensive Anti-Corruption Act No. 9 of 2023 to Combat Bribery and Corruption
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Sri Lanka Implements Comprehensive Anti-Corruption Act No. 9 of 2023 to Combat Bribery and Corruption

In a recent educational workshop organized by the We Have a Dream Collective on January 19, 2024, Mr. Sarath Jayamanne, President’s Counsel and former Director General of the Bribery Commission, shed light on the main features of the groundbreaking Anti-Corruption Act No. 9 of 2023. The Act, designed to combat bribery and corruption, introduces several…

Carrot, beans and leeks can be supplied at Rs. 300 to Rs. 350 a kilo, if imported: Minister
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Carrot, beans and leeks can be supplied at Rs. 300 to Rs. 350 a kilo, if imported: Minister

Commenting on the sky rocketing vegetable prices, the Trade, Commerce, and Food Security Minister Nalin Fernando said if vegetables were imported, vegetables such as a kilo of carrot, beans and leeks can be supplied at Rs. 300 to Rs. 350. “I informed the Secretary to the President to convene the Food Policy Committee and asked…