First Capital Holdings PLC, a member of the Janashakthi Group, is pleased to announce key appointments to its Board of Directors, effective June 28, 2024. Veteran banker Rajendra Theagarajah has been appointed as the Chairman. Joining him are Inoshini Perera, Rachini Rajapaksa, and Dilendra Wimalasekere as new members of the Board. The appointment of Rajendra…
During a meeting with a group of Sri Lankan journalists at the Adani Group’s global corporate headquarters in Ahmedabad, Anil Sardana, Managing Director & CEO of Adani Energy Solutions Limited, emphasized Sri Lanka’s significant potential in renewable energy. Sardana, who also heads the Sri Lanka wind project, highlighted the country’s ability to harness solar, wind,…
Minister of Transport, Highways, and Mass Media, Dr. Bandula Gunawardena, emphasized that deviating from the current government’s economic program under President Ranil Wickremesinghe’s leadership would inevitably lead to the country’s collapse once more. Therefore, the minister stressed that the time has come for all citizens to support the continuation of the current economic program. The…
Reuters – Australia said on Monday it had more than doubled the visa fee for international students, the latest move by the government to rein in record migration that has intensified pressure on an already tight housing market. From July 1, the international student visa fee has risen to A$1,600 ($1,068) from A$710, while visitor…
The Sri Lanka Telecommunications (Amendment) Bill to amend the Telecommunications Act was considered at the Committee on Public Finance to which the said approval was granted. This was approved when the Committee on Public Finance met in Parliament on 25.06.2024 under the Chairmanship of Hon. (Dr.) Harsha de Silva, Member of Parliament. Officials representing Attorney…
In order to develop the progress of the Colombo Stock Market, the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis paid attention towards the actions that the Securities and Exchange Commission of Sri Lanka can take. Attention was drawn to the said when the Sectoral Oversight Committee on Alleviating the Impact of…
Travellers planning their summer getaway to Dubai can enjoy a complimentary stay at the world’s tallest 5-star hotel, JW Marriott Marquis Hotel Dubai Emirates has announced an exciting new offer for holidaymakers planning to visit or stopover in Dubai this summer. Starting from 1st July 2024 to 21st July 2024, travellers who purchase an Emirates…
By Nandana Padma Kumara Introduction Digital banking refers to the provision of financial services through digital platforms, such as online and mobile applications, enabling customers to manage their accounts and conduct transactions without needing to visit a physical branch. While the concept is not new, its definition continually evolves with technological advancements, expanding the capabilities…
The Sri Lanka rupee recorded a depreciation during June 2024 despite the overall appreciation so far in 2024. The Sri Lanka rupee appreciated by 6.0 per cent against the US dollar during the year up to 28 June 2024. However, the rupee depreciated by 1.7 per cent and 1.2 per cent in May and June…
Hemas Holdings PLC announced the appointment of Ajith Fernando and Supun Weerasinghe as Independent Non-Executive Directors, effective 1st July 2024. Additionally, Ajith Fernando will serve as a member of the Hemas Board’s Nomination and Governance Committee. These strategic appointments underscore Hemas’ commitment to enhancing governance and leveraging deep industry expertise as the Group continues its…
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