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More compensation payments to The Finance depositors from today

Payment of Additional Compensation under the Sri Lanka Deposit Insurance and Liquidity Support Scheme The Central Bank of Sri Lanka wishes to inform the depositors/legal beneficiaries of The Finance Company PLC that the payment of additional compensation under the Sri Lanka Deposit Insurance and Liquidity Support Scheme  will commence on 12.04.2021 as already scheduled. For…

(0)Comments | April 12, 2021 11:56 am

Thilanka Abeywardena becomes SLIM’s first-ever female President

SLIM Elects New President and EXCO at 51st Annual General Meeting The Sri Lanka Institute of Marketing (SLIM) held its 51st Annual General Meeting, which saw the induction of its new President Thilanka Abeywardena, who will spearhead the Institute as its 43rd President. This appointment is a milestone in the history of the Institute as…

(0)Comments | April 9, 2021 5:52 pm

SDRs and debt holidays still just a band-aid for debt-hobbled countries

LONDON (Reuters) -Debt experts, charity groups and investors welcomed news on Wednesday that the world’s poorest countries will get new IMF funds and COVID-19 debt relief, but they also cautioned that for some it would still only be a band-aid solution. A new $650 billion allocation of the IMF’s quasi currency known as Special Drawing…

(0)Comments | April 9, 2021 1:54 pm

Public awareness on Risks in investing in Virtual Currencies in Sri Lanka

Considering the recent inquiries on virtual currency usage in the international and domestic markets, the Central Bank of Sri Lanka (CBSL) wishes to inform the public of the risks associated with investing in Virtual Currencies. “Virtual Currencies (VCs)” are digital tokens created by private entities that can be obtained online through mining, Initial Coin Offerings…

(0)Comments | April 9, 2021 12:53 pm

vivo returns as the title sponsor for IPL 2021

Leading smartphone brand by volume with 27% market share as per GFK Plans to launch more products to the market in 2021 vivo, the innovative global smartphone brand, returns as the title sponsors for the Indian Premier League (IPL) 2021. After taking a break last year, vivo has retained the position on the same terms…

(0)Comments | April 9, 2021 12:06 pm

Ambassador Dr. Palitha Kohona Meets with Senior Officials and NGOs in Shanghai

Ambassador Dr. Palitha Kohona visited Shanghai from 30 March to 01 April 2021. He met with a number of leading business people, some of whom were from Zhejiang. Among the matters discussed were the possibility of investing in Sri Lanka’s silica and graphite resources and local value addition, formally partnering with and promoting Sri Lanka…

(0)Comments | April 9, 2021 11:22 am

Huawei says technological innovations boost digital transformation of education

Twenty first century learning is the accumulation of knowledge, work habits and soft skills, including digital literacy, critical thinking and problem solving, that will help students lead successful careers in the modern workplace. In an era of challenges faced due to pandemic that had slowed down the development of future generations or the talent required…

(0)Comments | April 8, 2021 5:16 pm

Inside of BIA goes live on Google Indoor Maps

Joint project by IT teams of SriLankan Airlines & AASL Google Indoor Maps was launched at Colombo’s Bandaranaike International Airport (BIA) today, becoming the first indoor facility to enable this feature in Sri Lanka. SriLankan Airlines and Airport & Aviation Services (Sri Lanka) (Private) Limited teamed up in a remarkable joint project that resulted in…

(0)Comments | April 8, 2021 4:27 pm

Sri Lankan rupee under pressure again. Selling rate of US $ recorded at Rs. 203.50

The Sri Lankan rupee has come once again under pressure. According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today (08) stands at Rs.199.21 and selling rate of the US dollar stands at Rs.203.50. This is the highest buying and selling rate…

(0)Comments | April 8, 2021 1:45 pm

Central Bank continues its Accommodative Monetary Policy Stance

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 07 April 2021, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 4.50 per cent and 5.50 per cent, respectively. The Board arrived at…

(0)Comments | April 8, 2021 7:51 am

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