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
The United States has told Sri Lanka that the disposition of the Iranian naval vessel IRIS Bushehr and its crew is a matter for Colombo to resolve under its own laws and international obligations, while signalling it is in active talks with Sri Lanka to contain Iran’s threat to US interests.
The government today granted permission for an Iranian warship with 208 on board to enter the country.
Ministry of Foreign Affairs, Foreign Employment and Tourism today established a 24x7 Emergency Response Unit to coordinate matters related to the ongoing situation in the Middle East.
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