The Central Bank of Sri Lanka (CBSL) has issued Circular No. 03 of 2024, outlining comprehensive guidelines for the establishment and operation of Mobile Banking Units (MBUs) by Licensed Commercial Banks (LCBs). The move aims to standardize mobile banking practices and enhance accessibility to banking services across the country. Under these new guidelines, MBUs are…
The Local Assembly Industry, under the Standard Operating Procedure (SOP) of the Ministry of Industries, comprises more than 17 assemblies producing motorcars, SUVs, motorcycles, electric three-wheelers, light trucks, and heavy trucks. These assemblies are supported by local component manufacturers who produce a range of parts such as batteries, tyres, bumpers, exhaust systems, seats, plastic parts,…
In an exciting initiative to bolster Sri Lanka’s tourism industry, the Sri Lanka Tourism Promotion Bureau (SLTPB) is set to host four prominent Australian-based social media influencers this December. The campaign aims to capture the allure of Sri Lanka through the eyes of these digital content creators, whose combined reach spans millions of followers across…
The World Bank has expressed its commitment to supporting the Government of Sri Lanka’s “Clean Sri Lanka” programme, as announced by World Bank Executive Director Parameswaran Iyer during a meeting with President Anura Kumara Dissanayake at the Presidential Secretariat today (04). Congratulating the President on forming the new government, Mr. Iyer affirmed that all ongoing…
The All Share Price Index (ASPI) of the Colombo Stock Exchange has reached all-time high today (04), surpassing the previous record set on 19 January 2022. Accordingly, the index has increased by 171.69 points within the day to close at 13,511.73 points . Meanwhile, today’s turnover was reported as Rs. 5.21 billion.
Charles Dickens wrote his novel ‘Great Expectations’ in 1860s & Karl Marx foresaw a socialist development course known as ‘Marxism’ in the same period. Marxism seems more realistic in the current global setting than never before. In the 19th century many countries including Sri Lanka absorbed western knowledge including ‘Marxism’ creating new trends including the…
The Sri Lanka Export Development Board (EDB) is committed to promote global trade and facilitate the interests of exporters. In this pursuit, EDB actively seeks new markets and opportunities for technical collaborations, particularly through partnerships with international organizations. One such collaboration is with the Japan International Cooperation Agency (JICA), focused on expanding Sri Lanka’s ICT/BPM…
People’s Leasing & Finance PLC has once again strengthened its reputation as one of Sri Lanka’s leading Non-Banking Financial services providers, delivering an impressive financial performance for the 1st six months of FY 2024/25 ending 30th September 2024. Accordingly, the company reported a topline income of LKR 12,676 million, resulting in a healthy profit of…
The ProductXperience Conference 2025, set for January 28th at the Cinnamon Grand, will bring together the brightest minds in digital product design, engineering, and positioning for a day of transformative insights. Hosted by 99x, this landmark event will explore the rapidly evolving world of digital product development, featuring visionary speakers from Europe and actionable follow-up…
Aitken Spence PLC walked away with the coveted Grand Slam Award at the 21st Best Corporate Citizen Sustainability Awards organised by the Ceylon Chamber of Commerce, at the Cinnamon Grand Hotel Colombo on 3rd December. Aitken Spence also claimed the Best Corporate Citizen Sustainability Award 2024, to clinch the prestigious Grand Slam, awarded to companies…
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