Instant, real-time fund transfers between Oman and Sri Lanka have become possible as a result of a tie-up between the Commercial Bank of Ceylon and Bank Muscat, the leading financial services provider in the Sultanate. Commercial Bank is the first Sri Lankan bank to link with Bank Muscat for this purpose. Account holders of Bank…
Countries like Singapore, Thailand, Malaysia, Korea etc that developed in recent times did so not by entering into agreements with neighbouring large nations, said Pathfinder Foundation Executive Director Lakshman Siriwardana. He stated this during an exclusive interview with Ada Derana Biz 24X7 on the existing and proposed economic, trade agreements between Sri Lanka and India.
Colombo stock market wrapped the weekly operations in greener territory on Friday as investors continued the previous day’s momentum. Benchmark index advanced for the second consecutive day to end at 6,382.24, increase of 32.53 index points or 0.51% while S&P SL20 index gained 21.87 index points (+0.66%) to close at 3,315.36. Large caps pushed index…
Speaker of Parliament, Hon. Karu Jayasuriya will be the chief guest at the ceremonial induction of the 23rd President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), Lasantha Wickremasinghe, which will be held on Tuesday, 26th January 2016. Hon. Ravi Karunanayake, Minister of Finance and Dr. Giancarlo Attolini, Chairman of the…
Sri Lanka has maintained its high ranking in human development. But the country’s performance in terms of average annual human development index (HDI) growth rate during 1990-2014 was lower than many other South Asian countries. These findings are among the highlights of the Global Human Development Report (HDR) 2015 released by the UN Development Programme…
Reuters – World stock market losses are approaching $8 trillion so far this year and investors last week poured the most money into government bond funds in a year, suggesting they fear the global economy could tip into recession, Bank of America Merrill Lynch said on Friday. The bank’s U.S. economists also said on Friday…
Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics, decreased to 4.2 per cent in December 2015 from 4.8 per cent in November 2015, on an year-on-year basis. Inflation on an annual average basis in December 2015 was 3.8 per…
Sri Lanka Telecom (SLT), the premier ICT solutions provider launched the country’s National Cloud, “AKAZA”, raising the bar in cloud computing in Sri Lanka. “AKAZA” provides end-to-end cloud computing services enabling business organisations with enhanced agility, quick service delivery and cost efficiencies while providing maximum ROI as well as improved scalability. AKAZA’s technology typically integrates…
Colombo bourse spun around sharply today as it posted gains for the second time in the New Year, gaining 88.53 index points (+1.41%) in the All Share Price index, to close at 6,349.71. S&P SL20 index closed at 3,293.49, advancing by 52.41 index points or +1.62%. Today marked the highest intraday gain in almost a…
Sri Lankan tea exporters received much needed encouragement and Ministerial level assurance to resolve their travails –and with the involvement of a broad range of stakeholders in future, on 19 January. At a special meeting with the exporters at EDB, State Minister of International Trade Sujeewa Senasinghe came forward to assist the tea exporters to…
Video Story
