BCT to develop further and market Temenos Country Model Banks, providing enhanced local functionality and service capability for financial institutions in India, Sri Lanka, Nepal, Bangladesh, Cambodia, Philippines, Taiwan Temenos (SIX: TEMN) today announced that it has signed a Multi-Country Model Bank development agreement with Bahwan CyberTek (BCT), a global digital transformation company. Temenos Country…
A white collar worker surnamed Wang in her 20s, based in Wuhan, Central China’s Hubei Province, starts her day by waking up and sitting before a made-in-China “magical mirror” or a mirror device powered by domestically developed artificial intelligence (AI) technology that scans her face and analyzes her health condition in real-time. After breakfast, she hails a Robotaxis from…
Records highest number of transactions in country’s trade and supply chain finance domain between 1st July 2023 and 30th June 2024 The Asian Development Bank (ADB) has honoured Commercial Bank of Ceylon as its ‘Leading Partner Bank’ in Sri Lanka for trade and finance transactions for the fourth consecutive year. This noteworthy reiteration of Commercial…
Business confidence turned around ahead of an election fraught with uncertainty With a new presidential term taking effect for the next five years, Sri Lanka stands at a pivotal moment, eagerly anticipating the developments and decisions that will shape its future. The business community in particular will be closely watching the unfolding events as the…
Sri Lanka Tourism Promotion Bureau, as the main stakeholder for promoting Sri Lanka all across the Globe celebrated the World Tourism Day on 27th September 2024, with simplicity and elegance, by offering sweets, gifts and memorabilia to each tourist who arrived at the Airport to mark the occasion. A special celebration was held at the…
The Ceylon Chamber of Commerce commends the new adminstration for swiftly resolving the Visa on Arrival issue by reinstating the Electronic Travel Authorisation system. The tourism industry has been gravely concerned about this matter impacting the positive growth momentum of the sector. Resolving the Visa matter was one of the top ten priorities the Chamber…
Reuters – Sri Lanka’s central bank kept interest rates unchanged on Friday in line with expectations, citing domestic and global uncertainties, but said inflation was likely to remain low and the economy was doing much better than initially expected. The Central Bank of Sri Lanka (CBSL) kept the Standing Deposit Facility Rate at 8.25% and…
The Colombo Rubber Traders’ Association (CRTA), representing a diverse group of stakeholders within the natural rubber industry, extends its heartfelt congratulations to His Excellency Anura Kumara Dissanayake on his appointment as the 9th Executive President of Sri Lanka. On behalf of the CRTA and its members, we express our optimism and confidence in President Dissanayake’s…
In a significant development, veteran entrepreneur and business leader Hanif Yusoof was appointed as the Governor of the Western Province yesterday. The appointment was made by President Anura Kumara Dissanayake at a simple yet solemn ceremony held at the Presidential Secretariat in Colombo. Yusoof, the driving force behind Expolanka’s rise as a global logistics leader,…
The merchandise trade deficit widened during the eight months ending August 2024 (provisional) compared to the same period in 2023, driven by a larger expansion in import expenditure relative to export earnings. Earnings from tourism and workers’ remittances improved during this period, strengthening the external current account. Meanwhile, despite intermittent volatility, the Sri Lanka rupee…
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