Huawei rotating chairman Ken Hu called on governments enacting bans on Chinese equipment to show evidence of the alleged security threats and open up the lines of communication so it can take action, but noted this hasn’t been the case with many countries. “When it comes to security, we need to let the facts…
~ CDS and CSDC representatives at the MoU signing ceremony Sri Lanka’s Central Depository Systems (Pvt) Ltd (CDS) and China Securities Depository and Clearing Corporation Limited (CSDC) recently committed towards pursuing a cooperative relationship in the areas of securities clearing and depository. This commitment was formalized with the signing of a MoU between the two…
Huawei’s massive push to gain a prominent say in the future of mobile communications has raised hackles in the US It has now become a focal point for American attempts to contain China’s ascendancy Huawei Technologies rotating chairman Ken Hu Houkun, speaking publicly for the first time since the shock arrest of the company’s…
Sri Lanka’s taxi-ride hailing service PickMe that started with an app few years ago, is looking at opportunities to going into financial services in the medium term after extending its existing taxi service into food delivery and logistics. “We’ve got two million downloads of our PickMe app as of now and doing about two million…
The Asian Development Bank (ADB) and DFCC Bank PLC (DFCC), a leading commercial bank in Sri Lanka, announced that a $35 million loan agreement signed recently between the two organizations would improve access to finance for the country’s micro, small, and medium-sized enterprises (MSMEs). “MSMEs are an important part of the Sri Lankan economy, and…
Sri Lanka’s twice Executive President turned, but shortest served Prime Minister in recent history of a decade after he crushed Terrorism in Sri Lanka in 2009, before resigning from his Premiership on Saturday (15th December 2018) said that the ‘Yahapalanaya’ or the so called ‘Good Governance’ modelled government that had lead under the Premiership, Economic Affairs…
Sri Lankan Government revenue and grants during the first nine months of this year ended September reached Rs 1,422.4 billion (Over Rs. 1.42 trillion), representing nearly 64% of the target for this year, the latest data shows. It is an increase of 7% compared to Rs 1,330.6 billion a year ago. The Government had received…
Reuters – ** The Sri Lankan rupee ended steady on Monday as political crisis in the South Asian island nation showed signs of easing after President Maithripala Sirisena reinstated the premier he had initially sacked in a widely criticised move, but foreign outflows from stocks weighed on sentiment. ** Political paralysis remained the main concern…
Sri Lanka’s new government lead by United National Party will present a full year budget to parliament in January 2019 and with the expectation of passing it in February 2019, Eran Wickremeratne told reporters recently. “We need 7 days debate and committee stage debate which requires 26 days,” Wickramaratne said adding that there will be…
Amãna Bank recently appointed Syed Muhammed Asim Raza and Khairul Muzamel Perera to the Bank’s Board of Directors as representatives of its strategic shareholders Islamic Development Bank (IDB) and Bank Islam Malaysia Berhad respectively. Both appointed as Non-Executive Non-Independent Directors, replace outgoing directors Haseeb Ullah Siddiqui and Wahid Ali, who previously represented IDB and Bank…
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