Chinese travellers visiting Sri Lanka can now enjoy a host of goods and services and pay for them through ‘Alipay’ – China`s leading mobile payment platform, thanks to a partnership between Commercial Bank of Ceylon PLC and Ant Financial Services Group. The solution is brought to the Sri Lankan market by Commercial Bank in partnership…
The South Pacific Stock Exchange (SPSE) and the Colombo Stock Exchange (CSE) are pleased to announce the signing of a Memorandum of Understanding (MoU) to establish a collaborative relationship between the two exchanges seeking mutual development opportunities in the Fijian and the Sri Lankan capital markets. A MoU enables the two exchanges to work together…
Christine Lagarde, Managing Director of the International Monetary Fund (IMF), met Tuesday (15) with Sri Lanka’s Finance Minister Mangala Samaraweera and Governor Indrajit Coomaraswamy. Following the meeting, Ms. Lagarde made the following statement: “I was pleased to meet with Minister Samaraweera and Governor Coomaraswamy this afternoon. We discussed the challenging economic environment and the policy…
Harry Jayawardena is the best expert to turnaround Sri Lankan Airlines according to business leader and billionaire Dhammika Perera’s observations. Speaking at Derana 360 Monday Billionaire Dhammika Perera said that during the time when another Billionaire Harry Jayawardena served as the Chairman of Sri Lankan Airlines the airlines was not making huge losses and the…
Reuters – Sri Lanka is considering an offer from Bank of China (601988.SS) for a loan of $300 million, which could be raised to $1 billion, to help it meet repayments in coming months, junior finance minister Eran Wickramaratne told Reuters on Tuesday. He also confirmed that Sri Lanka had started negotiations to increase the…
Sri Lanka’s Billionaire Dhammika Perera – the Casino and Finance Mogul who has investments in three Casino Licenses, three Finance Companies, two licensed commercial banks and country’s two largest colonial era conglomerates – Hayleys and Singer recently revealed to Adaderana in a special interview that he is now willing to take up the country’s most…
Reuters) – Sri Lanka has begun talks with India’s central bank to increase its swap amount to $1 billion, the acting finance minister said on Tuesday, as it struggles with the rising cost of its debt. Minister of State for Finance Eran Wickremeratne also confirmed a Reuters report that the government was considering a loan…
Sri Lankan billionaire Dhammika Perera controlled Hayleys group owned Hunas Falls Hotels PLC was bought for Rs. 696.35 million by Serenity Lake Leisure (Pvt) Ltd. during market hours at around 10:30 a.m. today. Between 10:29 a.m. to 10:30 a.m. two trades took place in which Amaya and Carbotels owned entire shareholding in the hotel amounting…
~ NMRA together with Epic Technology Group launch Phase 1 of Document and Workflow Management System The first phase of the digitalization project of the National Medicines Regulatory Authority was launched at an event held at the NMRA in the presence of the Minister of Health Hon. Rajitha Senaratne. The project was initiated in partnership…
The number of vehicle registrations in 2018 has increased by nearly 6.45% or 29,146 compared to 2017 totaling to 480,799 vehicles, the latest data released by the Department of Motor Traffic (DMT) reveals. In 2017 a total of 451,653 registrations had taken place. In 2018, a total of 80,776 cars, 18,883 three-wheelers, 339,763 motor bicycles…
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