BIZ

Sri Lanka features positively in GSER Report 2024

Published

3 weeks ago

June 11, 2024

nipuni

Sri Lanka featured in GSER Report 2024

Sri Lanka has got positive reviews in the latest Global Startup Ecosystem Report (GSER), launched at London Tech Week yesterday (10).

The report, compiled by Startup Genome and the Global Entrepreneurship Network (GEN) ranked Sri Lanka within the world’s top 10 for affordable talent and within the top 30 in Asia in talent and experience. It also placed Sri Lanka in the Top 35 in Asia for funding.

Reasons to move startups to Sri Lanka, according to the report, include access to talent, startup-friendly environment and supportive community.

Not surprisingly, Silicon Valley remains at the top in the GSER 2024, followed by New York City and London, tied for the number two spot.

Singapore ranked as the best ecosystem for startups in Asia, followed by Beijing, Seoul, Tokyo and Shanghai. Bengaluru-Karnataka is ranked sixth followed by Delhi and Shenzhen, Hangzhou and Mumbai in Asia’s top 10.

Apart from those in the Top 10, Sri Lanka, Kerala, Kuala Lumpur, Manila, Tamil Nadu and Telangana were featured among the select few ecosystems that were highlighted in the report. Madrid moved up 12 ranks, claiming the number one spot in the Emerging Ecosystems Ranking.

Insights include the decline in global VC funding, the scarcity of IPOs, the resilience of Cleantech investments and the surge in Generative AI funding.

The GSER analyses data from over 4.5 million companies across over 300 entrepreneurial innovation ecosystems. Its rankings indicate which ecosystems are currently driving innovation and feature startup trends around the world.

BIZ

Litro Gas reduces prices again

Published

8 hours ago

July 2, 2024

editor

The price of Litro domestic LP gas cylinders has been reduced with effect from midnight today (July 02), Chairman of Litro Gas – Muditha Peiris has said.

Accordingly, the price of the 12.5 kg cylinder has been reduced by Rs. 100 to Rs. 3,690.

The 05 kg cylinder has been reduced by Rs. 40 to Rs. 1,482

Meanwhile, the price of the 2.3 kg cylinder has been reduced by Rs. 18, bringing the new price to Rs. 694.

BIZ

Fuel prices reduced from tonight

Published

2 days ago

June 30, 2024

editor

The Ceylon Petroleum Corporation (CPC) has reduced its fuel prices with effect from tonight.

Accordingly, a litre of Lanka Petrol 92 Octane Euro 4 (Rs. 355) has been reduce by Rs. 11, and its new retail price will be Rs. 344

A litre of Lanka Petrol 95 Octane Euro 4 (Rs. 420) has been reduce by Rs. 41, and its new retail price will be Rs. 379.

A litre of Lanka Auto Diesel (Rs.377) has been reduce by Rs.22, and its new retail price will be Rs.355.

However, there is no price change for a litre of Lanka Super Diesel 4 Star Euro 4 (Rs. 317) and a litre of Lanka Kerosene (Rs. 202).

BIZ

Travel ban issued against Sena Yaddehige over alleged sexual abuse

Published

2 days ago

June 30, 2024

editor

The Kollupitiya Police have obtained a travel ban against Sena Yaddehige, Chairman of Richard Pieris Group, in connection with the alleged sexual abuse of a female business analyst from the company.

According to police sources, the victim, a 39-year-old resident of Colombo, lodged a complaint last month, claiming she was sexually abused by the Chairman on May 7 at a star-class hotel in Kollupitiya.

The complainant stated that she had been working remotely as a business analyst for the company for at least a month while the Chairman was overseas.

On May 6, she was contacted by the company and informed that the Chairman had returned to Sri Lanka and wanted to meet her on May 7.

During the meeting at the specified location, the woman alleged that the Chairman sexually abused her. She subsequently reported the incident to the Kollupitiya Police, who then informed the Fort Magistrate.

Sources also mentioned that the Chairman left the country on the same day the incident occurred.

Source – dailymirror.lk