New venture funds are unlikely to be established without a tax pass-through vehicle, leading to a lack of funding for high-risk startups, says Prajeeth Balasubramaniam, Managing Partner of BOV Capital, said, discussing the challenges faced by the startup funding cycle in the country
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The Ministry of Environment has taken steps to declare an additional 50 forests as protected reserves, Under the ’Wanaspati’ National Programme.
The National Water Supply and Drainage Board (NWSDB) warned that water supply restrictions would be imposed from 8.00pm today in Colombo District from today onwards
The meteorology department issuing a warm weather advisory for today that the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in Western, Sabaragamuwa, Southern, North-western, Northern and North central provinces and in Monaragala district.

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