Reuters – Bitcoin hit the $50,000 level for the first time in more than two years as the world’s largest cryptocurrency was buoyed by expectations of interest rate cuts later this year and last month’s regulatory nod for U.S. exchange-traded funds designed to track its price. The cryptocurrency has risen 16.3% so far this year,…
Acquire Your Business’s QR Code Easily through Your Financial Institution and Trade Agreement – Mr. Wasantha Alwis, Director (Payments and Settlements) of the Central Bank. A press conference was held this afternoon (12) at the President’s Media Center to announce a significant development aimed at making payments easier for Indian tourists in Sri Lanka. The…
Minister of Highways, Transport, and Mass Media Dr. Bandula Gunawardena, said if anyone has any alternative suggestions beyond the program initiated by President Ranil Wickremesinghe, he is ready to explore such alternative avenues for Sri Lanka’s economic development. He emphasized the need for informed dialogue across various media platforms. Addressing concerns over misinformation regarding public…
SriLankan Airlines confirms that flight UL 605 from Melbourne to Colombo made a safe return back to the Melbourne Airport shortly after taking off at 18:16hrs (Melbourne time) today due to a technical issue. All passengers onboard disembarked safely. A team of engineers is currently assessing the aircraft and providing technical support. All passengers have…
A Rare Chance to Bolster Indo-Sri Lankan Economic Ties Emerges. Up to 400,000 Business Owners Set to Reap Benefits. Continued Momentum: ‘Vision Statement’ Propels Indo-Sri Lankan Relations Forward- Says President. Key Initiative to Propel Sri Lanka’s Digital Transformation Takes Shape – Indian Prime Minister Narendra Modi. In a ground-breaking move aimed at enhancing the convenience…
In terms of the provisions of the Central Bank of Sri Lanka (CBSL) Act, No. 16 of 2023, the Governing Board (GB) of the CBSL has been established as the body responsible for overseeing the administration and management of the affairs of the CBSL and determination of the general policies of the CBSL. Governing Board…
A Sky-High Toast to Commitment Marina Square – Uptown Colombo, Sri Lanka’s premier harbour-front luxury mixed development project, announced the structural completion of all 5 towers at an event held on 30th January 2024, aptly titled ‘A Sky-High Toast to Commitment’. Backed by industry giants Access Engineering PLC and China Harbour Engineering Company (CHEC), the…
India’s Unified Payment Interface (UPI) transactions, via LankaQR, was introduced to Sri Lanka at a virtual launch held on Monday (12 Feb.). The real-time payment system aims to enhance digital payments for Indian tourists in Sri Lanka. According to the President’s Media Division (PMD), the initiative, led by the National Payments Corporation of India (NPCI)…
By Prof. Samitha Hettige Sri Lankans born before 1970 may remember the closed economy with Dr. N.M. Perera (minister of finance during 1970 – 77). Masses marked months to buy a refrigerator or get a telephone connection. Transistor radios, light bulbs, umbrellas, wrist watches, ball-point pens & even razor blades were a luxury those days….
The 9th edition of the annual flagship Outlook Report for 2024 by The Ceylon Chamber of Commerce was recently launched at the Economic Outlook 2024 seminar. Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, delivered the keynote address at the launch event. Compiled by the Economic Intelligence Unit (EIU) of the Ceylon…
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