Rs 41.748 billion withdrawn in 15 days with daily average of Rs 2.78 billion Rs 8.82 billion dispensed on April 9 and 10 The automated teller machine (ATM) network of Commercial Bank of Ceylon dispensed a record Rs 8.818 billion on 9th and 10th April 2021, shattering the previous records for the highest…
The Angel Fund has announced a Rs. 10 million investment in Niftron, a blockchain-as-a-service (BaaS) platform that aims to make blockchain simpler and more affordable for businesses at all levels and industries. The Angel Fund was established by the Lanka Angel Network (LAN) with the support of ecosystem development partner Ford Foundation and aims to…
Veemansa Initiative, an independent think tank recently held a Webinar on the proposed Colombo Port City Economic Commission Bill and related subjects. Based on the deliberations at the webinar and the follow-up analysis, it was evident that the Colombo Port City Project, a 100% foreign investment venture plans to attract a diverse group of secondary…
Despite the ongoing pandemic situation, Sri Lanka Tourism is continuing to proceed with its effort to encourage more tourist arrivals to the country, aligning to the health protocols, and ensure that it is a safe and a secure country to travel. Sri Lanka has seen a growing number of tourist arrivals since the tourism re…
The Embassy of Sri Lanka in Germany initiated and facilitated the signing of a MOU between the Information and Communication Technology Agency (ICTA) of Sri Lanka and ENPACT e.V. in Berlin, Germany, which represents the Berlin Senate’s startup initiative “AsiaBerlin”, on 08 April 2021, with a view to fostering a strong bridge between Berlin, the…
On 8 April 2021, Ambassador Dr. Palitha Kohona met the Deputy Governor of Henan He Jinping and the Deputy Mayor of Zhengzhou, Wu Fu Min. He was received warmly. The Deputy Governor detailed the current economic performance of the rich Henan province. He stated that its historical and current strategic strength as a vital railway…
The Sri Lankan Rupee has further appreciated against the US Dollar with the buying rate of the dollar dropping to Rs. 187.93 on Monday (19), according to Central Bank’s daily exchange rates. The selling rate of the US dollar has meanwhile reached Rs. 191.97 while this is the first time the selling rate has dropped…
Introduces Sustainability Mandate as well, to contribute to UN Sustainable Development Goals The Finance Houses Association of Sri Lanka (FHA) the apex body of all Registered Finance companies has announced the introduction of its revised Self-Regulation Code which has been voluntarily practiced by member companies over a long period of time, but has to be…
The Duke of Edinburgh was a car aficionado who bought the 1935 Standard Nine for 12 pounds when he was based in Colombo. An almost 90-year-old car that once belonged to Britain’s late Prince Philip is now the centrepiece of a seaside museum in Sri Lanka. The Duke of Edinburgh, whose funeral will be on…
Sri Lanka’s Investment Showcase to the World on 7-9th June Themed “Sri Lanka – Asia’s Next Growth Haven”, the Sri Lanka Investment Forum (SLIF) 2021 jointly organized by the Board of Investments (BOI), The Ceylon Chamber of Commerce and the Colombo Stock Exchange will kick off on the 7th of June 2021 on a virtual…
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