There is a downward trend in the usage of cheques in Sri Lanka, says the Chief Executive Officer of Lanka Clear which handles the cheque clearance in the country. While speaking to www.adaderanabiz.l, Lanka Clear CEO Sunimal Weerasuriya said around five years ago his institution handled some 200,000 cheque clearances per day and that now…
Sri Lanka has to focus more attention on the building of Green Homes and buildings, says Chairman of the National Construction Association of Sri Lanka, Dr. Rohan Karunaratne. He says that the country could gain long term benefits through this. This is a special discussion which BIZ 24×7 of the Ada Derana 24×7 channel had…
The Central Bank of Sri Lanka (CBSL) has decided to keep its policy interest rates which decide the interest rates of commercial banks unchanged for December as well, while taking into consideration the prevailing economic trend. Accordingly, the CBSL policy interest rate for December 2014 will continue to be between 6.50 to 8.00 per cent….
The Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal, in an exclusive interview with Ada Derana ‘Biz 24X7’ denies that the Employees Provident Fund (EPF) has incurred heavy losses by investing in the Stock market, as claimed by a special disclosure made by the Auditor General in the 2012 annual report released…
Transparency International has published its 2014 Corruption Perceptions Index (CPI), which ranked 175 countries and territories based on how corrupt their administrative and political institutions are perceived to be on a scale from 0 (highly corrupt) to 100 (very clean). Compiled from a combination of surveys and assessments of “the abuse of entrusted power for…
The prices of motor vehicles have gone down as never before due to the price reduction through the Budget and the depreciation of the Japanese Yen. However, several rackets too have raised their heads where certain persons promise the prospective vehicle buyers that they would import their vehicles and obtain the money in advance, says…
Ada Derana 24×7 News Channel’s BIZ 24×7 held a special discussion with Commercial Bank Chairman Dharma Dheerasinghe on the performance of commercial banks and current economic trends against the backdrop of the prevailing low interest environment. The discussion on video:
The fall of the yen against the dollar has raised the specter of competitive depreciations that could upset Asia’s monetary order, the governor of Sri Lanka’s central bank said. Ajith Nivard Cabraal said Sri Lanka would likely benefit, in the short term at least, since the sliding yen makes it easier for the country to…
In an interview with Ada Derana ‘Biz 24X7’ Professor of the University of Sri Jayewardenepura (USJP) Ranil De Silva says that Sri Lanka could gain more benefit by the proposed China-Sri Lanka Free Trade Agreement (FTA) by developing production giving prominence too science and technology.
Ada Derana ‘Biz 24X7’ Interview with the Deputy General Manager of Credit Information Bureau of Sri Lanka, K A Janaka Lakmal. The discussion:
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