President Gotabaya Rajapaksa instructed the relevant officials to expedite the system of electronic registration of lands in order to eradicate frauds in land registration to speed up the process of land registration. The public is faced with many difficulties due to frauds and delays in the land registration process. President Rajapaksa highlighted the importance of…
Brandix was awarded the highest accolade under the ‘Best Liquidity & Investment Solution’ category at The Asset Triple A Awards 2020 for its global Interest Enhancement (IE) solution facilitated by HSBC. The IE solution, effective across Australia, India, Hong Kong, Mauritius, Singapore, Sri Lanka, United States and the United Kingdom, provides Brandix with an innovative…
The Central Bank of Sri Lanka (CBSL) held its policy rates steady at the meeting held on 05 March 2020 while allowing the impact of previous policy actions to materilise. However, as a COVID-19 relief measure CBSL reduced policy rates by 100bps in 3 emergency instances reducing the SDFR and SLFR rate to 5.50% and…
Hot on the heels of a scathing review of the country’s monetary policy by President Gotabaya Rajapaksa on 16 June, in response to the COVID-19 crisis, the Central Bank of Sri Lanka announced a further reduction of the Statutory Reserve Ratio (SRR) applicable on all rupee deposit liabilities of licensed commercial banks (LCBs). This lowering…
Sri Lanka premier bank, Bank of Ceylon (BOC) and China Development Bank today (30) entered into a USD 140 million long-term facility where drawdown will be under two tranches of USD 70 million each. The signing ceremony for the facility agreement was held in Colombo today. Addressing the event, Acting General Manager of Bank of…
Ambassador of Sri Lanka to the Sultanate of Oman O.L. Ameer Ajwad launched the first sale of Sri Lankan chicken in Oman at the outlet of Al Hamadi Trading & Contracting LLC which recently imported Sri Lankan frozen chicken first time to Oman. Sri Lankan brand CRYSBRO frozen chicken will now be available in the…
The Moragahakanda-Kaluganga Mahaweli “F” Zone has been declared as a sustainable development area for organic agriculture by Mahaweli, Agriculture, Irrigation and Rural Development Minister Chamal Rajapaksa. The Minister has made the Order under Mahaweli Authority of Sri Lanka Act No. 23 of 1979 in concurrence with President Gotabaya Rajapaksa. The sustainable development area has been…
President Gotabaya Rajapaksa has directed the officials of the Central Bank to deliver justice to the depositors of the ETI Finance and The Finance Company PLC after seeking legal advice regarding those insolvent companies immediately. President Rajapaksa further said that a committee representing the Presidential Secretariat, the Central Bank, the Treasury and the depositors should…
The 32 nd Joint Meeting of the UNWTO Commission for East Asia and Pacific (CAP) and the UNWTO Commission for South Asia (CSA) which is UNWTO’s principal annual event in the Asia and the Pacific Region was scheduled to be hosted by Sri Lanka Tourism in Colombo from 29 th June to 01 st July 2020….
Sri Lanka premier bank, Bank of Ceylon ( BOC) and China Development Bank will enter into a USD 140 million long-term facility where drawdown will be under two tranches of USD 70 million each. The signing ceremony for the facility agreement will be held on 30 June 2020. The facility will be utilized for supplementing…
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