Maximum compensation limit for employment termination to be doubled.

The Cabinet of Ministers has given the nod to amend the Maximum Compensation Limit of the Compensation Formula in effect under the Termination of Employment (Special Provisions) Act, No 45 of 1971. Termination of Employment Act, as amended by Act No. 12 of 2003, was enacted …

Share:

Read More

Myanmar President confers honorary title on four Sri Lankan Buddhist monks.

The President of Myanmar U Win Myint has decided to confer the honorary religious title of “Aggamahāpaṇḍita” on four Sri Lankan Buddhist monks and several other honorary titles on three Buddhists Priests and one Layman from Sri Lanka, in honor of the 73rd anniversary of Mya…

Share:

Read More

Parler Sues Amazon after being suspended.

The social media site Parler filed a lawsuit against Amazon, claiming that Amazon’s suspension of Parler violated antitrust laws and breached the contract between the two entities. As Parler went dark, CEO John Matze told to the media that the site would try to “get back onl…

Share:

Read More

Elon Musk falls to Second Richest Person in the world in one day.

After a brief stint as the wealthiest person on the planet, Tesla billionaire Elon Musk is again the second-richest person in the world after his fortune fell by nearly $14 billion in one day.  Shares of his electric-vehicle maker, Tesla, fell by nearly 8% on Monday (11th), …

Share:

Read More

Sri Lankan seafood exported to Ukraine from Mattala.

SkyUp Airlines PQ-555 outward flight to Ukraine carried 658.5kg fish and seafood from Mattala Rajapaksa International Airport (MRIA) on 8 January 2021. This fish and seafood exports were comprised of edible Tuna, Prawns and Mullets. “MRIA is positioned to utilizing its strat…

Share:

Read More

Cinnamon Life lights up with Hope for 2021.

Cinnamon Life, Colombo’s most iconic upcoming mixed development project, marked the dawn of the New Year with a message of optimism, lighting up its residential tower (The Suites at Cinnamon Life) with ‘Hope 2021’. This is the first development in Sri Lanka to light up a bu…

Share:

Read More

Thailand to focus on investment opportunities in Plantation and Agricultural sectors in Sri Lanka.

Ambassador of Thailand in Sri Lanka Chulamanee Chartsuwan paid a Farewell Call on Foreign Minister Dinesh Gunawardena on 08 January 2021.  During the meeting, the Foreign Minister noted that Thailand has potential to invest in Sri Lanka especially in the plantation and agri…

Share:

Read More

Central Bank’s Financial Intelligence Unit imposes penalties on three finance companies.

The Central Bank's Financial Intelligence Unit (FIU) had fined three finance companies mainly for violating Financial Institutions (Customer Due Diligence) Rules, No. 1 of 2016 in relation to sanctions screening. By virtue of the powers vested under Section 19 (1) read t…

Share:

Read More

Entertainment tax on local cinema waived off for 2 years.

Prime Minister Mahinda Rajapaksa has decided to waive off the entertainment tax on the Sri Lankan cinema industry for the years 2021 and 2022. The Prime Minister’s Office stated that the Premier took the decision considering the requests made to him by industry professionals…

Share:

Read More

Joe Biden Names Two Indian-Americans In US National Security Council.

US President-elect Joe Biden named Indian-American Sumona Guha as senior director for South Asia and Tarun Chhabra as senior director for Technology and National Security. Guha was co-chair of the South Asia foreign policy working group on the Biden-Harris campaign, and serv…

Share:

Read More

World Hindi Day - 10 January.

World Hindi Day is celebrated every year on January 10. Vishwa Hindi Divas commemorates the anniversary of the first World Hindi Conference held in Nagpur on January 10, 1975. The conference was inaugurated by the then prime minister Indira Gandhi in Nagpur. World Hindi Day…

Share:

Read More

Elon Musk's six secrets to business success as the richest person on the planet.

Elon Musk has just become the richest person in the world, overtaking Amazon founder Jeff Bezos. The Tesla and SpaceX entrepreneur's net worth has crossed $185bn (£136bn) after an increase in the share price of the electric car company. So, what is the secret of his succe…

Share:

Read More

US to lift restrictions on contacts with Taiwan.

The US is lifting long-standing restrictions on contacts between American and Taiwanese officials, Secretary of State Mike Pompeo says. The "self-imposed restrictions" were introduced decades ago to "appease" the mainland Chinese government, which lays cl…

Share:

Read More

Amazon to remove "Parler" site from web hosting service.

Amazon is removing "free speech" social network Parler from its web hosting service for violating rules. If Parler fails to find a new web hosting service by Sunday (10) evening, the entire network will go offline. Parler styles itself as an "unbiased" soc…

Share:

Read More

UNDP’s Global Human Development Report launched in Sri Lanka.

UNDP commits support to define and operationalize a national development plan underpinned by Green Development thinking Report notes it is time for all countries to redesign their paths to progress by fully accounting for dangerous pressures humans impose on the planet The Gl…

Share:

Read More

Indonesia’s Sriwijaya Air Boeing 737 plane missing after take-off.

A Sriwijaya Air plane with more than 50 people on board lost contact after taking off from Indonesian capital Jakarta on Saturday en route to Pontianak in West Kalimantan province, local media reported. Reliable tracking service Flightradar24 said on its Twitter feed that Fl…

Share:

Read More

Air India women pilots to fly over North Pole on world's longest air route.

An all-woman cockpit crew will create Indian aviation history on Saturday 09 January 2021 when it operates the inaugural San Francisco-Bengaluru flight, going over the North Pole and taking the Atlantic route to reach the Karnataka capital at the other end of the world.  Thi…

Share:

Read More

Pakistan Successfully Test Fires Indigenously Developed Rocket “Fatah-1”.

Pakistan on Thursday successfully conducted the test-flight of an indigenously developed Guided Multi Launch Rocket System, capable of precisely delivering conventional warheads deep into “enemy territory.” According to Director General of Pakistan Army, Media Wing, Major Ge…

Share:

Read More

Twitter bans President Trump permanently.

Twitter has suspended President Trump from its platform, the company said Friday (08) evening. Twitter's decision followed two tweets by Trump Friday (08) afternoon that would end up being his last.  The first tweet was about Trump's supporters. "The 75,000,000 gr…

Share:

Read More

Elon Musk overtakes Amazon's Jeff Bezos to become world's richest person.

According to the Bloomberg Billionaires Index, Tesla CEO Elon Musk overtakes Amazon’s Jeff Bezos to become the world’s richest person. Elon Musk had a net worth of more than $188.5 billion. A 6% rise in Tesla (TSLA) shares lifted the value of its CEO's stock holdings and…

Share:

Read More

Central African Republic President Touadera wins Election.

Faustin-Archange Touadera was re-elected as the president of the Central African Republic with more than 53% votes. The 63-year-old president has been in power since 2016 but has struggled to seize control of vast parts of the nation from armed militias. The Central African…

Share:

Read More

Boeing agreed to pay $2.5bn to settle US government’s 737 Max investigation.

Boeing has agreed to pay $2.5 billion to settle a Department of Justice (DOJ) criminal investigation into circumstances surrounding the certification of the 737 Max. The US government launched the investigation in the wake of two Max crashes that killed 346 people. The DOJ c…

Share:

Read More

Google suspends 'free speech' app Parler.

Google has suspended "free speech" social network Parler from its Play Store over its failure to remove "egregious content". Parler styles itself as "unbiased" social media and has proved popular with people banned from Twitter. But Google said t…

Share:

Read More

Shehan Jayasuriya retires from Sri Lanka cricket.

Shehan Jayasuriya has informed Sri Lanka Cricket that he will no longer be available for domestic or international tournaments, as he is moving to the USA with his family. “National team player Shehan Jayasuriya, who represented Sri Lanka in both ODIs and T20I formats have i…

Share:

Read More

Joe Biden nominates Indian-American Vanita Gupta as associate Attorney General.

US President-elect Joe Biden nominated Vanita Gupta, a respected civil rights lawyers in America, as his associate Attorney General and called her a "proud daughter of immigrants from India who has fought for greater equity.”  If confirmed by the Senate, the 46-year-old…

Share:

Read More

Indian-American Raj Iyer becomes US Army's first Chief Information Officer.

Indian-American Dr Raj Iyer has taken over as the first Chief Information Officer of the US Army, after the Pentagon created the position in July 2020. One of the highest ranking Indian-American civilians in the US Department of Defense, Iyer, who holds a Ph. D. in Electrica…

Share:

Read More

Sudan signs deal to normalise relations with Israel.

Sudan has signed the “Abraham Accords” with the United States on 06 January 2021, despite the move being rejected by its political parties when it was first announced in October last year. Sudan’s Acting Minister of Finance Hiba Ahmed and Mnuchin also signed a memorandum of …

Share:

Read More

Elon Musk becomes world's richest person.

Elon Musk has just become the richest person in the world, with a personal fortune valued at $185 billion (£136 billion) This is the first time on 07 Jan 2021 the Tesla CEO has topped the global rankings . He takes the title from Amazon’s Jeff Bezos, who has been the world’s…

Share:

Read More

India to chair 3 key bodies of UN Security Council.

India has been asked to Chair three important Committees of the Security Council, which include;    Taliban Sanctions Committee    Counterterrorism Committee    Libyan Sanctions Committee  said Ambassador of India to UN TS Tirumurti. This was aid Ambassador of India to UN TS Tir…

Share:

Read More

US Congress certifies Joe Biden as next president.

The US Congress has certified Democrats Joe Biden as the next president and Kamala Harris as vice president of the United States. The action finalises the 2020 US electoral process and makes clear that Biden will be inaugurated as president on January 20, President Donald Tr…

Share:

Read More