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SAARCFINANCE Group Meeting and SAARCFINANCE Governors’ Symposium held in Colombo

The Central Bank of Sri Lanka hosted the 34th SAARCFINANCE Group Meeting and SAARCFINANCE Governors’ Symposium in Colombo on 12 July 2017. The 34th SAARCFINANCE Group Meeting was attended by Governors and Finance Secretaries and other delegates from the Central Banks and Ministries of Finance in the SAARC region. Following the SAARCFINANCE Group Meeting, the…

(0)Comments | July 13, 2017 5:48 pm

Once again the Bank of Ceylon ranked among Top 1000 Banks in the World with NO.1 Country Rank

Sri Lanka’s No.1 bank, the Bank of Ceylon has yet again reaffirmed its position among the Top 1000 Banks in the world with the country rank No.1 according to the “The Banker” U.K. Magazine July 2017 issue. Being the only bank to continuously top the list among Sri Lankan banks, BOC without any doubt can…

(0)Comments | July 13, 2017 2:11 pm

SriLankan Airlines launches services to Hyderabad

SriLankan Airlines is pleased announce the launch of new services from today to India’s fourth largest city Hyderabad, the capital of the state of Telangana.  Accordingly, the airline will be offering a four-times-a-week service to Hyderabad, connecting the state’s capital to the world through its global route network. Hyderabad is one of three South Indian…

(0)Comments | July 13, 2017 1:40 pm

SINGER ranked among the TOP 25 Great Places to Work

Singer (Sri Lanka) was recognised as one of the best places to work in Sri Lanka for the fourth consecutive year at the special awards ceremony held at Cinnamon Grand Colombo, organized by Great Place to Work Institute recently. Each year, Great Place to Work (GPTW) conducts the largest annual set of workplace culture studies…

(0)Comments | July 13, 2017 12:37 pm

20th Annual Meeting of the Asia/Pacific Group on Money Laundering

The 20th Annual Meeting of the Asia/Pacific Group on Money Laundering will be held in Colombo during July 17-21, 2017 with the participation of about 450 local and foreign delegates from 41 member countries and several international observer organisations. This event will be graced by His Excellency the President Maithripala Sirisena as the Chief Guest….

(0)Comments | July 13, 2017 11:45 am

Sri Lanka to receive USD 1,340 million assistance from WB

Sri Lanka will receive USD 1,340 million worth of financial and technical assistance from the World Bank Groups for the 3-year period starting from July1, 2017 under the IDA (International Development Association) Transitional Support Facility.   Previously Sri Lanka received USD 660 Million IDA support for the period from year 2014 to 2017.   Sri…

(0)Comments | July 13, 2017 10:48 am

Sri Lankan shares ends steady in moderate trade; foreigners sell

Reuters – Sri Lankan stocks ended steady on Wednesday as gains in consumer staple shares were offset by industrial stocks led by John Keells Holdings Plc, while concern over a proposed tax bill weighed on overall sentiment. The Colombo stock index ended 0.03 percent weaker at 6,748.15, slipping from its highest close since Jan. 7,…

(0)Comments | July 13, 2017 10:45 am

A Commemorative coin to celebrate 150th Anniversary of Ceylon Tea

The Central Bank of Sri Lanka (CBSL) issued a commemorative coin with a face value of Rs. 10 to celebrate 150 years of Ceylon Tea and to recognize its contribution to the national economy as an important and long-standing export oriented commodity in Sri Lanka. The first set of coins were officially presented to the…

(0)Comments | July 12, 2017 4:43 pm

Sri Lankan shares slip from 18-month high on profit-taking

Reuters – Sri Lankan stocks edged down on Tuesday from its 18-month closing high hit in the previous session as investors booked profits in blue chips, while concerns over a proposed tax bill weighed on overall sentiment. The Colombo stock index ended 0.15 percent weaker at 6,748.15, slipping from its highest close since Jan 7,…

(0)Comments | July 12, 2017 9:55 am

New Inland Revenue Act will bring an investor-friendly tax system

Minister of Finance and Mass Media Mangala Samaraweera during a discussion with representatives of the trade unions of the Inland Revenue Department (IRD) stated that the main objective of the new Inland Revenue Bill was to simplify the tax system in the country in order to create an investor friendly environment that will attract more…

(0)Comments | July 12, 2017 9:47 am

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