Sanasa Development Bank has signed a Sales agreement with Payment Services (Pvt) Ltd to acquire UPay mobile payment platform with effect from 10 June 2019, subject to the approval of the Central Bank of Sri Lanka. Notifying the Colombo Stock Exchange, the Bank stated that the consideration of the above transaction is approximately…
Sri Lanka needs to develop her own tools to counter future possible threats within the country, states Jetwing Symphony PLC, Chairman, Hiran Cooray. “It is important that Sri Lanka develops her own tools to counter future possible threats drawing from similar incidents that have happened in places such as Paris and Bali”. “We have every…
The monthly pricing formula which regulates fuel prices in Sri Lanka is to be implemented today (10). Fuel prices are reviewed every 10th day of the Month under the fuel pricing mechanism introduced in May 2018. Last month, the Finance Ministry took steps to increase fuel prices according to this pricing formula. Fuel prices…
Under the distinguished patronage of H.E. President and Hon. Prime Minister of Sri Lanka National telecommunication provider Sri Lanka Telecom marks a special milestone in the country’s digital journey towards SMART Sri Lanka with the formal launch of the ‘NATIONAL DIGITAL ROADMAP’ under the distinguished patronage of His Excellency Maithreepala Sirisena, President and Hon. Ranil Wickramaisnghe…
Information and Communication Technology Agency of Sri Lanka (ICTA) and LankaClear Pvt. Ltd. (LCPL) recently signed a ground-breaking agreement, which will result in greater convenience for Sri Lankan citizens to make online payments towards Government services. Under this new agreement, two existing systems would be integrated to enable citizens to make online payments utilizing their…
The Chairman of Aitken Spence Hotel Holdings PLC, Harry Jayawardena, emphasized upon the importance of restoring confidence and normalcy within the country and driving growth by enhancing security measures. “The terrorist attacks in April 2019 shocked the nation and the world, coming after a decade of peace in the country. Group is taking a lead…
Travelers in need of a Schengen Visa will need to pay a higher visa fee starting from January 2020. The changes come after the European Union Council gave the final nod to an updated Schengen Visa code, today. According to a press release of the EU Council, the Schengen visa fees will increase for 33.3% from 60…
Reuters – Sri Lankan shares ended a shade firmer, snapping a four-session losing streak to edge up from the lowest close in nearly three weeks the previous session, while the rupee ended slightly weaker on mild importer dollar demand, market sources said. ** On May 31, the central bank cut its key interest rates to…
Leisure Industry Veteran and successful hotelier Rohan Karr has assumed duties as the Executive Director/Managing Director of the Hayleys Leisure sector effective from 1 June 2019. In a disclosure statement issued to the Colombo Stock Exchange (CSE), the company confirmed Karr’s appointment. Accordingly, Karr will be managing the Hayleys hotels as the Managing Director of…
Sri Lanka Central Bank will be procuring a new foreign reserve Management System instead of the present system which expires in 2021. The cabinet had approved Finance Minister Mangala Samaraweera’s proposal to procure a new system to replace the existing system. The central bank of Sri Lanka has set aside Rs.3 billion for its Technical…
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