Sri Lanka’s fastest-growing digital payment brand, HelaPay, announced that it has crossed Rs. 1 Billion in total transactions through its innovative payment method. This landmark milestone underscores Helapay’s rapid ascent in the local financial technology sector, having accomplished this feat in just two years since its launch in 2021. Introduced by Helakuru, Helapay has been…
Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, attended, by invitation, the Economic Dialogue Series held in Berlin under the theme “Inflation Kills Democracy: Fiscal Rationality as the basis of Functioning Communities” on 21 November 2023. This event was organised by the Federal Ministry of Finance, Germany. Governor Weerasinghe presented Sri…
Bloomberg – Sri Lanka’s inflation accelerated in November for a second straight month as energy tariffs were raised to keep the International Monetary Fund’s $3 billion bailout on track. The consumer price index in Colombo rose 3.4% from a year ago, the statistics department said on Thursday. That’s faster than 3.0% gain seen in a Bloomberg survey, and compared…
Sri Lanka’s overall rate of inflation as measured by the Colombo Consumer Price Index (CCPI) on year-on-year (y-o-y) basis has increased to 3.4% in November, from 1.5% in October. The Department of Census and Statistics (DCS), in its latest report, said the year-on-year inflation of the food group increased to -3.6% in November from -5.2%…
Brings home Gold, Silver and Bronze The Ogilvy Group Sri Lanka made a mark at the much-anticipated Campaign Asia Agency of the Year 2023 Awards, clinching top honours in three of the primary categories in the Rest of South Asia region. The agencies received their accolades at the official awards ceremony held at the ITC…
BPPL Holdings PLC, a leading player in the brushware and filament export manufacturing industry, was awarded by Forbes Asia as “Asia’s Best Under a Billion” for the year 2021. The award ceremony took place on the 21st of November ’23 in Manila, Philippines. Forbes Asia’s “Best Under a Billion” award recognises companies demonstrating exceptional long-term…
Highlights industry’s willingness to collaborate with government to trial system Urges need for strategic partnerships with Japan, India Re-elected Chairman of the Sri Lanka Apparel Exporters Association (SLAEA) Indika Liyanahewage has emphasized the significant challenge posed by the proposed abolition of SVAT. He urged the government to introduce an alternative cashless scheme, highlighting the need…
Another first with the BOI, Amber Adventure, and Ambuluwawa Bio Diversity Center with technical & product expertise from China Machine-Building International Corporation signed an agreement worth U$ 4.5 Mn to establish the first cable car operation in Sri Lanka. This unique experience not only brings much-needed novel facts as the destination for international travelers but…
Shenzhen, China – BYD, the world’s leading manufacturer of new energy vehicles and power batteries, achieved a historic milestone as its 6 millionth new energy vehicle rolled off the production line at the Zhengzhou factory. This achievement which establishes the manufacturer as the first company in the world to achieve such a milestone, underscores BYD’s…
(Reuters) – Sri Lanka’s in-principle pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday. The deal comes about a month after Sri Lanka’s agreement with the Export-Import Bank of China covering…
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