In terms of Section 83 (C) of the Banking Act, No. 30 of 1988, as amended, the Central Bank of Sri Lanka has conducted an investigation, ascertained and determined that “SGO/sgomine.com” has engaged, conducted and promoted a prohibited scheme. Further, the following Companies/Apps have also been ascertained and determined as prohibited schemes under Section 83 (C) of…
A Sri Lankan delegation has formalised a new partnership with officials from Bazhong City in China’s Sichuan Province, signing a Memorandum of Friendly Cooperation aimed at strengthening ties across culture, tourism, education and trade. The agreement was signed between the China–Sri Lanka Association for Cultural, Tourism and Economic & Trade Exchange and the Chinese People’s…
Shares of JF Packaging Limited, recently offered to the public through its oversubscribed IPO, will commence trading today on the Colombo Stock Exchange’s Main Board under the ticker symbol “JFP-N-0000”. The IPO, which opened on 30th October, offered 51,724,144 Ordinary Voting Shares at an Issue Price of LKR 11.60 each, raising LKR 600 million in…
Reuters – Bitcoin was trading slightly higher on Tuesday after hitting a seven-month low below $90,000, finding buyers in a market where some investors have been reluctant to embrace risk. The risk-sensitive cryptocurrency has lost all this year’s gains and is now around 26% below a peak above $126,000 in October. It was last up…
In a progressive step toward strengthening bilateral trade and investment cooperation, the Embassy of the Republic of Korea, in collaboration with the Board of Investment (BOI) of Sri Lanka and the Korean Businessmen’s Association, hosted the “Korea–Sri Lanka Investment Facilitation Forum” on 14th November 2025 at Courtyard by Marriott, Colombo. The forum was graced by…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has renewed its strategic partnership with the Japan International Cooperation Agency (JICA) to further their shared mission of driving positive transformation and sustainable progress across Sri Lanka through impactful social development initiatives spanning multiple sectors. The renewed partnership seeks to amplify the outcomes of a series of…
Commercial Bank of Ceylon PLC is making history as the first bank in the country to collaborate with Google and Visa, a global leader in digital payments, to enable Google Pay for its cardholders as part of the Google Wallet launch. This is a defining moment for Sri Lanka’s financial landscape, setting a new standard…
Sri Lanka has signed a bilateral agreement with the Government of Denmark to restructure USD 39 million of outstanding debt, marking a key milestone in the country’s External Debt Restructuring Process. Sri Lanka’s entry into a bilateral agreement with the Government of Denmark as part of the External Debt Restructuring Process marks a significant milestone,…
The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Embassy in Brussels, successfully organized an inward trade delegation comprising 12 Fair Trade product importers and representatives from the European Union from 17th to 22nd November 2025, with the objective of promoting Sri Lankan Fair Trade products and strengthening bilateral trade relations…
BBC – Every company would be affected if the AI bubble were to burst, the head of Google’s parent firm Alphabet has told the BBC. Speaking exclusively to BBC News, Sundar Pichai said while the growth of artificial intelligence (AI) investment had been an “extraordinary moment”, there was some “irrationality” in the current AI boom….
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