First Capital Holdings PLC, the pioneering investment institution, has announced a groundbreaking milestone for the financial services industry in Sri Lanka with the introduction of the “First Capital Money Plus Fund”. This significant initiative, the first of its kind in Sri Lanka, offers digital withdrawal and payment facilities through a convenient EMV-enabled card for Unit…
In a landmark move, NDB Bank and the Colombo Stock Exchange (CSE) have entered into a Memorandum of Understanding (MoU) to pave the way for foreign investors to seamlessly invest in the Colombo Stock Exchange through Inward Investment Accounts (IIA), accessible via the CSE mobile application. Under this collaboration, NDB Bank assigned the Custody and…
President Ranil Wickremesinghe, addressing the 30th Annual General Meeting of the Lanka Confectionary Manufacturers Association (LCMA) yesterday (24) at Cinnamon Grand Hotel, Colombo emphasized the potential for Sri Lanka to become a global player in the confectionery industry. He encouraged Sri Lankan confectioners to expand their horizons and tap into international markets. Acknowledging the success…
Reuters – Tesla (TSLA.O) has told suppliers it wants to start production of a new mass market electric vehicle codenamed “Redwood” in mid-2025, according to four people familiar with the matter, with two of them describing the model as a compact crossover. Tesla CEO Elon Musk has long whetted fans’ and investors’ appetites for affordable electric…
In response to the proposed Online Security Bill, SLASSCOM (Sri Lanka Association of Software and Service Companies), FITIS (Federation of Information Technology Industry Sri Lanka), CSSL (Computer Society of Sri Lanka) and BCS Sri Lanka (British Computer Society) jointly express concerns and recommendations for the government’s consideration. Key Concerns: Impractical Liability for Intermediaries: Provisions holding…
By Prof. Samitha Hettige In few days the year of the ‘Dragon’ will dawn in China. In China the Dragon (loong) culture has a history of approx 5500 to 7000 years. The emergences of these practices are connected to nature worship. Social productivity during this period had been low. Primitive religions had prevailed & people…
Written for International Day of Education on 24 January 2024. This blog explores how technological resources can help fill gaps in access and reduce inequalities in education in Sri Lanka. Despite the recent uptake of educational technology (edtech) in Sri Lanka, it does not cater to the needs of diverse groups of vulnerable children in…
In a pioneering move towards financial inclusivity, DFCC Bank is proud to unveil DFCC Freelancer – a comprehensive, tailored financial solution for freelancers. This groundbreaking solution is uniquely designed to cater specifically to the dynamic needs of the growing freelancer community, setting DFCC Bank apart as a leader in addressing the financial requirements of this…
Bloomberg – India’s stock market capitalization has overtaken Hong Kong’s for the first time as the South Asian nation’s growth prospects and policy reforms make it an investor darling while global capital pours out of China. The combined value of shares listed on Indian exchanges reached $4.33 trillion as of Monday’s close, versus $4.29 trillion…
The Central Bank of Sri Lanka (CBSL) has announced an expectation for a continued decrease in market lending interest rates in the upcoming period. This anticipation follows the ongoing adjustment of market interest rates in line with a relaxed monetary policy and administrative measures aimed at reducing overall lending rates, the CBSL said in its…
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