The Central Bank’s Financial Intelligence Unit (FIU) has fined three finance companies mainly for violating Financial Institutions (Customer Due Diligence) Rules, No. 1 of 2016 in relation to sanctions screening. By virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions Reporting Act, No. 06 of…
Edible fish (perishable cargo) exports begin from MRIA SkyUp Airlines PQ-555 outward flight to Ukraine carried 658.5kg fish and seafood from Mattala Rajapaksa International Airport (MRIA) on 8 January 2021. This fish and seafood exports were comprised of edible Tuna, Prawns and Mullets. “MRIA is positioned to utilizing its strategic geographical location to boost passenger…
Cinnamon Life, Colombo’s most iconic upcoming mixed development project, marked the dawn of the New Year with a message of optimism, lighting up its residential tower (The Suites at Cinnamon Life) with ‘Hope 2021’. This is the first development in Sri Lanka to light up a building in a unique way to dawn the New…
Ambassador of Thailand in Sri Lanka Chulamanee Chartsuwan paid a Farewell Call on Foreign Minister Dinesh Gunawardena on 08 January 2021. During the meeting, the Foreign Minister noted that Thailand has potential to invest in Sri Lanka especially in the plantation and agricultural sector. Both sides endorsed the importance of finalizing the Free Trade Agreement…
Browns Investments PLC today (08) explained about the unusual trading activity in the securities of the company, to the Colombo Stock Exchange (CSE). In a letter to CSE Chief Regulatory Officer Renuke Wijayawardhane, Secretaries for Browns Investments PLC – LOLC Corporate Services (Pvt) Limited on behalf of the company stated that, “referring to the letter…
The High Commission of India in Colombo and relevant authorities of the Government of Sri Lanka held a series of meetings during the last two weeks to review the status of select ongoing development cooperation projects. “The two sides paid particular attention to the impact of COVID-19 related restrictions and identified joint efforts to fast…
SriLankan Airlines has been supporting the national economy and country since the closure of the Bandaranaike International Airport in March 2020 with the outbreak of COVID-19 by flying stranded Sri Lankans home and facilitating international trade by maintaining the vital link between Sri Lanka and the rest of the world. Nearly the entire fleet of…
UNDP commits support to define and operationalize a national development plan underpinned by Green Development thinking Report notes it is time for all countries to redesign their paths to progress by fully accounting for dangerous pressures humans impose on the planet The Global Human Development Report (HDR) was launched this morning by the United Nations…
Sri Lanka’s most MSME friendly bank HNB PLC, announced the launch of a Rs. 20 million grant fund to support 200 microfinance customers affected by the ongoing COVID-19 pandemic across the country. The fund, established by the Bank through the HNB Sustainability Foundation, will offer microfinance customers up to Rs. 100,000 to upscale their businesses…
The Colombo Stock Exchange (CSE) closed trading for the day (07) recording a daily turnover of Rs.9.14 billion. The benchmark All Share Price Index (ASPI) gained 61.08 points (or 0.87%) to close at 7,097.84 while S&P SL20 Index of more liquid stocks dropped by 10.63 points (or 0.39%) to end at 2,692.56. Meanwhile, today 74 companies…
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