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Cabinet nod to remove provincial letters from vehicle number plates

The Cabinet has approved a proposal to remove the provincial letters at issuance of vehicle number plates, the state information office said. “Letters to identify provinces are added to the number plate when registering vehicles which is easy at the vehicular emission tests and annual revenue license issuance.” “However, both the customers as well as…

(0)Comments | December 15, 2020 12:08 pm

Dhammika Perera launches DP Digital University free online learning platform

Delivers free access to online learning platform for school students, graduates and professionals Extensive library of over 8,000 courses are now available Links world-renowned universities such as Harvard and Cambridge offering free courses Extending higher education facilities designed to enhance employability and opportunity for Sri Lankan youth, philanthropists Dhammika Perera and Priscilla Perera launched DP…

(0)Comments | December 15, 2020 11:18 am

$532mn outflow from government securities in first ten months, CSE cumulative outflow $194mn

A net outflow of foreign investment amounting to US$ 20 million was recorded in the rupee denominated government securities market in October 2020, increasing the cumulative net outflow to US$ 532 million during the period from January to October 2020, the Central Bank said yesterday (14). This net outflow in October 2020 was a result…

(0)Comments | December 15, 2020 9:14 am

Google suffers worldwide outage with Gmail, YouTube and other services down

Outages disrupted vast majority of services, but search remained largely unaffected Google has suffered a worldwide outage, with failures reported across the company’s services, including Gmail, Google Calendar and YouTube. Beginning at about 11.50am GMT, the outages appeared to have affected the vast majority of Google’s services, apart from search which operated largely unaffected. Despite the universal…

(0)Comments | December 14, 2020 6:00 pm

Trade deficit narrows in October 2020

According to the latest external trade data released by the Central Bank, country’s trade deficit narrowed in October 2020, as a result of the decline in import expenditure outpacing the decline in export earnings. In October 2020, Sri Lanka’s external sector exhibited its resilience with the successful repayment of the matured International Sovereign Bond (ISB)…

(0)Comments | December 14, 2020 5:30 pm

Newly appointed EDB Chairman Suresh de Mel assumes duties

Suresh de Mel, a well-known entrepreneur, assumed duties as the new Chairman of the Sri Lanka Export Development Board (EDB) yesterday (December 14). He succeeds the outgoing EDB Chairman Prabhash Subasinghe who ended his one-year tenure early this month. Speaking at the occasion, Suresh remarked that he was honoured and privileged to be appointed as…

(0)Comments | December 14, 2020 3:32 pm

Influential global thought-leaders to speak at Asia Securities Sri Lanka Investment Conference

An impressive line-up of leading global and local experts in policy, business and financial markets are set to join Sri Lanka’s leading independent investment banking and wealth management firm, Asia Securities, at their upcoming 4th Annual Sri Lanka Investment Conference to share their insights. Titled 2021: The Investors’ Dilemma, this year’s conference to be delivered…

(0)Comments | December 14, 2020 3:23 pm

Shouldn’t wait for the pandemic to be over to focus on trade: Afghan ambassador Haidari 

Ambassador of Afghanistan Ashraf Haidari underscored the need for enhancing trade between Afghanistan and Sri Lanka and noted that the two parties should not wait for the pandemic to be over in order to focus on trade. Speaking exclusively to Indeewari Amuwatte at the ‘@HydePark’ program on Ada Derana 24, Haidari expressed the following. “…

(0)Comments | December 14, 2020 1:38 pm

Sri Lanka official reserves fall to US$5.5bn in November

Sri Lanka’s gross official reserves were down by US$ 306.4 million to US$ 5,549.3 million in November 2020 from US$ 5,855.7 million in October 2020, latest Central Bank data showed. By the end of November, foreign currency reserves were US $ 5,090.7 million whilst the reserve position in the IMF was US$ 68.4 million Reserves in Gold were…

(0)Comments | December 14, 2020 11:02 am

Banks restricted from purchasing sovereign bonds for six months

The Central Bank of Sri Lanka ( CBSL ) has directed the licensed commercial banks and National Savings Bank to suspend the purchase of Sri Lanka International Sovereign Bonds (ISBs) for a period of six months unless such purchase is funded by new foreign currency inflows to such  licensed  banks sourced from abroad. The Central Bank stated…

(0)Comments | December 14, 2020 9:30 am