Special Representative of Prime Minister of Sri Lanka Mahinda Rajapaksa, State Minister of Finance, Capital Market and State Enterprise Reforms Ajith Nivard Cabraal visited the Sultanate of Oman from 07-10 April 2021 carrying a special message from Prime Minister Mahinda Rajapaksa addressed to Sultan of Oman His Majesty Sultan Haitham bin Tarik. The visit also…
The Monetary Board of the Central Bank of Sri Lanka (Monetary Board) has decided to suspend business of Swarnamahal Financial Services PLC (SFSP), in terms of Section 31(1) of the Finance Business Act, No. 42 of 2011 (FBA) with effect from 5:00 p.m. on 12th April 2021. Having considered the continuously deteriorating financial condition and…
Close to 400 fully vaccinated passengers experienced Emirates’ latest innovative products and services on ground and inflight Flight supported by fully vaccinated teams on ground and inflight Emirates’ one-of-a-kind flight EK2021 proudly made a journey across the different emirates today, to celebrate the UAE’s remarkable progress in vaccinating its citizens and residents from COVID-19 through a…
Payment of Additional Compensation under the Sri Lanka Deposit Insurance and Liquidity Support Scheme The Central Bank of Sri Lanka wishes to inform the depositors/legal beneficiaries of The Finance Company PLC that the payment of additional compensation under the Sri Lanka Deposit Insurance and Liquidity Support Scheme will commence on 12.04.2021 as already scheduled. For…
SLIM Elects New President and EXCO at 51st Annual General Meeting The Sri Lanka Institute of Marketing (SLIM) held its 51st Annual General Meeting, which saw the induction of its new President Thilanka Abeywardena, who will spearhead the Institute as its 43rd President. This appointment is a milestone in the history of the Institute as…
LONDON (Reuters) -Debt experts, charity groups and investors welcomed news on Wednesday that the world’s poorest countries will get new IMF funds and COVID-19 debt relief, but they also cautioned that for some it would still only be a band-aid solution. A new $650 billion allocation of the IMF’s quasi currency known as Special Drawing…
Considering the recent inquiries on virtual currency usage in the international and domestic markets, the Central Bank of Sri Lanka (CBSL) wishes to inform the public of the risks associated with investing in Virtual Currencies. “Virtual Currencies (VCs)” are digital tokens created by private entities that can be obtained online through mining, Initial Coin Offerings…
Leading smartphone brand by volume with 27% market share as per GFK Plans to launch more products to the market in 2021 vivo, the innovative global smartphone brand, returns as the title sponsors for the Indian Premier League (IPL) 2021. After taking a break last year, vivo has retained the position on the same terms…
Ambassador Dr. Palitha Kohona visited Shanghai from 30 March to 01 April 2021. He met with a number of leading business people, some of whom were from Zhejiang. Among the matters discussed were the possibility of investing in Sri Lanka’s silica and graphite resources and local value addition, formally partnering with and promoting Sri Lanka…
Twenty first century learning is the accumulation of knowledge, work habits and soft skills, including digital literacy, critical thinking and problem solving, that will help students lead successful careers in the modern workplace. In an era of challenges faced due to pandemic that had slowed down the development of future generations or the talent required…
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