The Central Bank of Sri Lanka wishes to inform the eligible depositors/relevant legal beneficiaries of eligible deposits of Swarnamahal Financial Services PLC (SFSP) that the payment of additional compensation under the Sri Lanka Deposit Insurance and Liquidity Support Scheme will commence from today (10.05.2021) onwards. Accordingly, the eligible depositors/relevant legal beneficiaries of eligible deposits can…
Eminent international legal luminaries, Managing Director and Head of Projects for Morocco and Sudan at the Max Planck Foundation Prof. Rüdiger Wolfrum and Director of the Norwegian Centre for the Law of the Sea located at the Faculty of Law, UiT the Arctic University of Norway, Tromsø, Prof.Tore Henriksen were among the speakers at a webinar organized by the Foreign Ministry on 04 May…
The newly-appointed Country Director and Representative of the United Nations World Food Programme (WFP) Sri Lanka, Abdur Rahim Siddiqui, formally presented his letter of credentials to Foreign Minister Dinesh Gunawardena at the Ministry premises. Country Director Siddiqui reiterated WFP’s commitment to supporting the Government in enhancing food security, improving nutrition, and strengthening resilience of smallholder…
As an initiative of FYIstival South Asia Edition of Global Connect at the Singapore Business Federation (SBF), a webinar on “Accelerating Growth of Food Sector and a Buyer Seller Meet” was organised together with Enterprise Singapore and the Sri Lanka High Commission on 27 April 2021. The webinar provided an opportunity for Sri Lanka Export Development Board to showcase Sri Lanka’s supply capability and uniqueness of main exportable agri produce in order to create awareness and to attract Singapore buyers and distributors. A presentation was made by Additional Director General of…
The Colombo Stock Exchange (CSE) has performed exceptionally well in the past 12 months with the All Share Price Index (ASPI) appreciating more than 55% and the S&P SL 20 Index appreciating more than 44%. In 2021, the Average Daily Turnover of the CSE stands at Rs 4.8 Bn as against Rs. 1.8 Bn in…
DFCC Bank, with the aim of being the most customer-centric and digitally-enabled bank in the years to come, recently partnered with Visa to facilitate digitally driven, cost-effective transactions at Micro Merchant Businesses and increase card acceptance among Micro Merchants in Sri Lanka. This partnership will further strengthen the transaction processing capability for merchants of DFCC…
By Sherman Gunatillake With market uncertainty and disruptions across different business verticals christened as the ‘New Normal’, the chief financial officer (CFO) of the modern-day has many elements to balance across the business. In such a context, strengthening business resilience is a crucial responsibility that a CFO has on his agenda. But has a CFO’s…
Prime Lands Residencies Limited, the condominium property arm of Prime Group, the ‘Maestro of Real Estate Artistry’ in Sri Lanka, recently debuted its Initial Public Offering (IPO) and will now be allowing potential investors the ability to submit applications for the IPO from the safety and comfort of their homes, through their website https://ipo.primeresidencies.lk. Investors stand…
HSBC LiveSign powered by Adobe is a cloud-based service that replaces the paper and ink signature process with a fully automated electronic signature workflow made availbale for HSBC’s corporate clients. With HSBC LiveSign customers can easily sign documents anywhere, anytime, and on any device within minutes. Stuart Rogers, Head of Wholesale Banking, HSBC…
Total Market Turnover of the Colombo Stock Exchange (CSE) demonstrated a positive growth of 29.43% in the month of April compared to the previous month. Market turnover was recorded at Rs. 53 billion while Domestic Turnover has seen a growth of 64% indicating the sustained interest among Sri Lankan investors. Further highlights of the month…
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