Dialog Axiata, Sri Lanka’s premier connectivity provider, recently announced that agents of its eZ Banking service are now enabled to facilitate cash deposits to the genie Digital Savings Account by Dialog Finance PLC at all eZ Banking outlets island-wide. The revolutionary eZ Banking service is an extension of the company’s eZ Cash platform. eZ Cash…
In a groundbreaking move to ignite positive change and enhance Sri Lanka’s economic standing, the Chamber of Young Lankan Entrepreneurs (COYLE) has presented a comprehensive proposal aimed at laying the groundwork for stable policies and attracting quality investments. COYLE’s visionary plan, backed by extensive research and comparative analysis, focuses on key areas of concern and…
The Ceylon Petroleum Corporation (CPC) has recorded a profit of Rs. 43.4 billion for the first four months of 2023, according to the Mid-Year Fiscal Position Report issued by the Minister of Finance. The average import price of crude oil in the global market dropped further, from USD 81 per barrel in December 2022 to…
The Monetary Board of the Central Bank of Sri Lanka has decided not to renew the money changing permits of the 15 MCs listed below for the year 2023, due to the non-compliance with a condition of the permits issued for the year 2022, which was communicated to the respective MCs on 22.02.2023. Accordingly, the…
India’s Deputy High Commissioner Vinod K. Jacob said that recent developments in India-Sri Lanka ties have strengthened the friendship and all-around cooperation between the two countries The Hindu – India has reiterated its willingness to play “a constructive role” in supporting Sri Lanka’s efforts for recovery from the worst economic crisis. Addressing the inauguration ceremony of…
Jacques Vidal used the term “brain-computer interface” in a paper titled “Toward Direct Brain-Computer Communication.” in 1973. He was referring to the direct link between a human/ animal brain & an external device with computing abilities which allowed information exchange between the brain & the device. Over the years technology developed & is now known…
(Bloomberg) – Economists expect Sri Lanka’s central bank to reduce its policy rates further during the rest of this year as faster disinflation helps policymakers support the island nation’s recovery after a tumultuous 2022. The standing deposit facility rate, currently at 11%, is estimated to decrease by 200 basis point by the end of this…
Colombo’s Iconic Residence to Undergo a Remarkable Transformation to Restore its Former Glory In an exciting development that seeks to revive our island’s proud heritage, the Urban Development Authority (UDA) has signed an agreement to lease on long term the prestigious ‘Visumpaya’ property, located at No. 25, Lillie Street, Colombo 2, to Azotels and Hunas…
Develop the BIMSTEC Region as a Thriving Tourism Destination – Says President, addressing the Indian Tourism Federation. Daily Chennai – Jaffna flights to commence from July 16 – Indian High Commissioner to Sri Lanka. During the “Transcending Borders – Transforming Lives” program organized by the Indian Tourism Federation at the Bandaranaike International Memorial Conference Hall…
Sri Lanka’s life insurance market leader Ceylinco Life achieved several noteworthy milestones in financial performance in May this year, emphatically demonstrating the Company’s financial strength. Total assets surpassed the Rs 200 billion mark, growing by 17.9 billion or 9.4 per cent in the five months since 31st December 2022 to reach Rs 209.4 billion as…
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