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Starlink services in SL on hold, pending data access guarantees

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Elon Musk’s Starlink satellite broadband services will remain on hold in Sri Lanka until the company guarantees the government’s right to access communication data for national security purposes. 

The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) initially granted Starlink a license in 2024 under the previous government, but the current administration has raised concerns over data interception capabilities.

Deputy Minister of Information Technology Eranga Weeraratne stated that Starlink must ensure legal access to communication details in cases involving unlawful activities before services can be operationalized. 

“There may be instances where Starlink services are used for illegal acts. Sri Lankan authorities must have the right to obtain relevant data for legal action,” he emphasized.

The TRCSL had approved five Starlink packages, ranging from Rs. 9,200 to Rs. 1.8 million per month, but the new government insists on revising the terms to include provisions for data interception. 

Discussions involving the Defence Ministry and TRCSL are ongoing, with no immediate resolution in sight.

The delay highlights the balancing act between embracing advanced technology and ensuring national security, as Sri Lanka seeks to modernize its telecommunications infrastructure while safeguarding its interests.

Source: Daily Mirror

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CBSL advises banks to further assist affected SMEs

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The Central Bank of Sri Lanka (CBSL), with a view to facilitating sustainable revival of businesses that were adversely affected during the recent past has advised the licensed commercial banks and licensed specialised banks (hereinafter referred to as licensed banks) to provide further concessions to those SME borrowers who commenced discussions for business revival with the respective banks by 31.03.2025. 

These relief measures are in line with Circular No. 04 of 2024 dated 19.12.2024 on Relief Measures to Assist the affected SMEs and the Addendum Circular No. 01 of 2025 dated 01.01.2025.

Accordingly, licensed banks have been advised to provide further concessions including interest reliefs and new lending to affected borrowers while the timeline given to the licensed banks in Circular No. 04 of 2024 to enter into reschedulement agreements with eligible SME borrowers has been extended from 15.06.2025 to 30.06.2025.

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Qantas to close budget airline Jetstar Asia

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Singapore-based budget airline Jetstar Asia will close down at the end of July, its Australian owner Qantas has announced.

The low-cost carrier has struggled with rising supplier costs, high airport fees and increased competition from other airlines in the region.

Qantas says the closure will provide it with A$500m ($325.9m; £241.4m) to invest towards renewing its fleet of aircraft, adding that it will redeploy 13 planes for routes across Australia and New Zealand.

The closure of Jetstar Asia will not impact its Australia-based Jetstar Airways operations, nor those of Jetstar Japan, according to a statement from Qantas.

“We have seen some of Jetstar Asia’s supplier costs increase by up to 200 per cent, which has materially changed its cost base,” said Qantas Group Chief Executive Vanessa Hudson in the statement.

The discount airline, which has operated flights for over 20 years, is set to make a A$35m loss this financial year.

(BBC News)

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Cement wholesale prices surge

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Cement companies have increased the wholesale price of a 50kg bag of cement by Rs.100, effective from yesterday (June 08).

The retail price remains unchanged.

The price hike is attributed to rising cement production costs, according to the companies.

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