The Central Bank of Sri Lanka (CBSL) has warned against the unauthorized use of the term ‘finance’ in business names, citing legal provisions under the Finance Business Act, No. 42 of 2011. According to Section 10(2) of the Act, only licensed finance companies and certain specified institutions can use terms such as ‘finance,’ ‘financing,’ or…
The Sri Lanka Export Development Board (EDB), the host institution of SheTrades Sri Lanka Hub, in collaboration with the International Trade Centre (ITC), recently facilitated the participation of Selyn Exporters (Pvt) Limited and Candle House Ceylon, two Sri Lankan women-led businesses, at Ambiente 2025, one of the world’s premier trade fairs for consumer goods held…
The government is contemplating the implementation of a collaborative tourism initiative between the Maldives and Sri Lanka. This initiative was discussed last Tuesday (25) during a meeting at the Presidential Secretariat between President Anura Kumara Disanayake and the High Commissioner of the Republic of Maldives, Masood Imad. During the meeting, the High Commissioner congratulated the…
The IMF has stated that approval of the fourth tranche of Sri Lanka’s Extended Fund Facility (EFF) is contingent upon the implementation of prior actions by local authorities. This includes recently tabled of Budget 2025, which must align with the parameters set under the programme, it maintains. Former Deputy Governor of the Central Bank of…
Billionaire Gautam Adani said his group is planning more than 1.1 trillion rupees ($12.7 billion) of new investments in India, signaling the conglomerate’s focus on growing in its home market while fighting corruption charges in the US. This will fund projects ranging from pumped storage to cement and mining to smart-meters and thermal energy, Adani…
The first Shell branded fuel station has opened in Sri Lanka at B.S. Cooray Filling Station, Ambathale. This follows the signing of a retail brand license agreement by Shell Brands International AG (Shell) and RM Parks (Private) Limited, and affiliates of Shell and RM Parks (Private) Limited signing a product supply agreement in March 2024….
CNN — President Donald Trump said on Tuesday the US would sell a “gold card” to wealthy foreigners, giving them the right to live and work in the US and offering a path to citizenship in exchange for a $5 million fee. “We’re going to be selling a gold card,” Trump said from the Oval Office. “You have…
PAYable, Sri Lanka’s leading digital payment acceptance platform, proudly celebrates a landmark achievement—crossing Rs. 100 billion in transactions. More than just a milestone, this success reflects the profound impact PAYable has had on empowering businesses across the country, helping them embrace digital payments, increase revenue, and secure their financial future. Since its inception, PAYable has…
As part of the government’s long-term commitment to promoting economic stability and improving public service delivery, a workshop on knowledge exchange for public enterprises was held Yesterday (25) at the Miloda Academy of financial Studies in Colombo. This workshop was organized by the Presidential Secretariat in collaboration with the MBA Alumni Association of the University…
• Key Steps to Relocate All Government Offices to State-Owned Buildings Despite the constraints of a limited financial framework, President Anura Kumara Dissanayake emphasized that it is the duty of government officials to allocate and utilize the funds efficiently and equitably, in accordance with the development priorities and the needs of the people as outlined…
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