Standard Chartered to cut over 7,000 jobs amid expanded AI push Standard Chartered plans to cut more than 7,000 jobs over the next four years as it increasingly uses artificial intelligence. The London-headquartered lender is one of the first major global banks to lay out plans to cut thousands of jobs, citing AI as a…

“We will ensure another war never happens again” – President AKD President Anura Kumara Dissanayake stated that the present Government, having taken upon its shoulders the aspirations of all heroes who sacrificed their lives for the pride of a free nation, is firmly committed to building a model country founded on peace and development. The…

SJB member says 4,000 vehicle LCs opened on May 15, alleges tax decision leaked   Former Western Provincial Councilor SJB member Niroshan Padukka has alleged that insider information linked to a recent vehicle import tax decision was leaked to select businessmen before the official gazette notification was issued. Speaking to reporters opposite the Central Bank…

Sri Lanka to introduce policy on Foreign Workers entering country   The Government has decided to formulate an Inbound Labour Migration Policy for Sri Lanka aimed at regulating foreign workers entering the country for employment purposes, according to Cabinet decisions.Cabinet noted that while Sri Lanka has traditionally focused on managing overseas employment opportunities for Sri…

BIZ Standard Chartered to cut thousands of roles as AI use increases   Banking giant Standard Chartered has become the latest major company to announce job cuts as it increases its adoption of artificial intelligence (AI). The firm, which has its headquarters in the UK, said it will cut more than 15%, or around 7,800,…

Bauddhaloka Vesak Zone to kick off on May 30     A discussion between the Secretary to the President – Dr. Nandika Sanath Kumanayake, and representatives of the Bauddhaloka Vesak Committee was held yesterday (May 18) at the Presidential Secretariat. The 25th edition of the Bauddhaloka Vesak Zone, organised in conjunction with this year’s Vesak…

News Even if I am forgotten, don’t forget the war heroes – Mahinda   Former President Mahinda Rajapaksa says he is not a racist despite some groups attempting to label him thus for political gain. In a Facebook post, the former President stated that he is aware that pro-terror groups will continue attempts to influence…

Compensation scheme for weather-related crop damage       The Ministry of Agriculture, Livestock, Land, and Irrigation has announced that compensation of up to a maximum of Rs. 100,000 per hectare will be provided for crop damage caused by recent heavy rainfall, following assessment of the extent of losses. Accordingly, compensation will be granted for…

Standard Chartered to cut over 7,000 jobs amid expanded AI push Standard Chartered plans to cut more than 7,000 jobs over the next four years as it increasingly uses artificial intelligence. The London-headquartered lender is one of the first major global banks to lay out plans to cut thousands of jobs, citing AI as a…

“We will ensure another war never happens again” – President AKD President Anura Kumara Dissanayake stated that the present Government, having taken upon its shoulders the aspirations of all heroes who sacrificed their lives for the pride of a free nation, is firmly committed to building a model country founded on peace and development. The…

Sri Lanka to introduce policy on Foreign Workers entering country   The Government has decided to formulate an Inbound Labour Migration Policy for Sri Lanka aimed at regulating foreign workers entering the country for employment purposes, according to Cabinet decisions.Cabinet noted that while Sri Lanka has traditionally focused on managing overseas employment opportunities for Sri…

BIZ Standard Chartered to cut thousands of roles as AI use increases   Banking giant Standard Chartered has become the latest major company to announce job cuts as it increases its adoption of artificial intelligence (AI). The firm, which has its headquarters in the UK, said it will cut more than 15%, or around 7,800,…