Having observed the varied views published recently on discretionary payments including payment of cash dividends by licensed banks, the Central Bank of Sri Lanka wishes to clarify the following. Previously, the Central Bank of Sri Lanka, on 13 May 2020 decided to restrict certain discretionary payments of licensed banks, such as declaring cash dividends and…
Australia is on course to pass laws that would make the Big Tech giants negotiate payments with local publishers and broadcasters for content. If they can’t strike a deal, a government-appointed arbitrator will decide the price. Sydney: Google said on Friday it will disable its search function in Australia if the government proceeds with a media…
Ayurvie Weligama, a Theme Resorts & Spa’s property, welcomed the first familiarization tour of the tourism restart. The German delegation compromising of Ms. Claudia Wagner, Managing Director & Mr. Uwe Endres, Head of Ayurveda – Fitreisen Group, Mr. Markus Hegemann, Managing Director – NEUE WEGE Bewusst Reisen and journalists Hans-Jorg Baston & Nathalie Gütermann arrived…
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) decreased to 4.6 per cent in December 2020 from 5.2 per cent in November 2020. This was due to the statistical effect of the high base prevailed in December 2019. Meanwhile, Food inflation (Y-o-Y) decreased to 7.5 per…
The Committee on Public Enterprises (COPE) conducted another committee meeting using online (ZOOM) technology yesterday (21). The COPE Committee has summoned the Coconut Development Authority to Parliament to inquire in to fiscal activities of the Authority. At this meeting officials from Regional offices joined the meeting via zoom technology. The meeting was held under the…
A virtual awareness session for the Travel Trade in Western India was held on 19 January 2021 to announce the re-opening of Sri Lanka for international tourists from 21st January 2021. This was the first awareness session organized for the Indian Market to inform of Sri Lanka’s re-opening and the “safety protocols” associated with the re-opening…
The Central Bank of Sri Lanka has received information regarding several types of financial frauds and scams being operated through social media, Internet-based applications and mobile payment applications. Most of these scams are conducted through web or mobile app based easy loan schemes that attract the public. During such loan application evaluation process, the fraudsters…
Sri Lanka reopened its airports for foreign tourists today (21) after a nearly 10-month pandemic closure that cut deeply into the nation’s lucrative travel industry. As Sri Lanka opens the borders for international tourists detailed safety protocols and processes have been put in place to ensure health and safety of both the travellers and the…
The main index of the Colombo Stock Exchange, the All Share Price Index (ASPI) crossed the 8,000 point mark for the first in history today (21) , breaking all the previous records. The ASPI gained 246.80 points (or 3.13%) closing the day on 8,131.25. Meanwhile, The S&P SL20 index, which includes the 20 largest and most liquid stocks also increased by 120.70 points (3.90%) to…
The Hayleys Group of Companies has decided to increase the number of shares by way of a sub division . Accordingly, the existing shares of each company will be subjected to the following sub divisions. HAYLEYS PLC – 1:10 DIPPED PRODUCTS PLC – 1:10 ALUMEX PLC – 1:2 REGNIS (LANKA) PLC – 1:2 SINGER (SRI LANKA) PLC –…
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