In a drive to provide enhanced protection against security threats in the banking industry, Hayleys Fentons Security and Surveillance Division, a leading provider of security and surveillance solutions in Sri Lanka, has completed a milestone security upgrade project for Sampath Bank and Nations Trust Bank. The project involved the installation of state-of-the-art technology in 260…
During the year up to 19th May 2023, the Sri Lankan rupee appreciated against the US dollar by 18.7 per cent, CBSL said. Given the cross currency exchange rate movements, the Sri Lankan rupee appreciated against the Japanese yen by 24.1 per cent, the pound sterling by 15.4 per cent, the Euro by 17.5 per…
Prepare to be dazzled as Havelock City Mall, the newest and most vibrant retail haven in Sri Lanka, opens its doors in August 2023. Get ready to immerse yourself in a world-class shopping extravaganza, right in the heart of Colombo! Nestled at the gateway of Havelock City, the largest and most innovative integrated mixed-use project…
The President instructs the authorities to submit a report within a month. Seeking youth ideas and suggestions to enhance the digital and green economies concurrently. President Ranil Wickremesinghe stated that he had directed authorities, including the State Minister in charge, to submit a report on the acceleration of the program to move the country towards…
Sri Lanka’s ability to overcome the current financial crisis heavily depends on export revenue. Foreign Direct Investments (FDIs), High Value Addition, Business-Friendly regulatory framework, and Research and Development (R&D) initiatives are necessary for Sri Lankan exporters to compete in international markets and establish connections to the Global Value Chain (GVC). Statistics show that Sri Lankan…
President Ranil Wickremesinghe stated that the government will be able to consider the financial concessions and privileges requested by the university lecturers after the domestic debt restructuring program is successfully completed and the country’s economy is stabilized by September. The President made these remarks during a discussion with the University Lectures’ Association held at the…
LONDON, May 18 (Reuters) – BT Group (BT.L), Britain’s biggest broadband and mobile provider, will cut up to 55,000 jobs including contractors by 2030 – potentially over 40% of its workforce – as it completes its fibre roll-out and adapts to new technologies such as AI. The company has been working through a transformation plan to…
The Bank of Ceylon Annual Report 2022 was presented to President Ranil Wickremesinghe, the Minister of Finance, Economic Stabilization, and National Policy, by Mr. Ronald C. Perera, the Chairman of the Bank of Ceylon, at the Ministry of Finance today (18). To access the Annual Report of the Bank of Ceylon 2022, interested individuals can…
The Central Bank of Sri Lanka (CBSL) says the Banking Act directions made by its Monetary Board on cash margin deposit requirements against imports have been revoked. Thereby, the revocation, made pursuant to Sections 46(1) and 76(J)(1) of the Banking Act No. 30 of 1998, is effective immediately. In a notice issued to licensed commercial…
With the objective of accelerating the tourism arrivals from India, leading hospitality and travel entities in the island including Cinnamon Hotels and Resorts, Walker’s Tours, Aitken Spence Hotels, Aitken Spence Travels, Jetwing Hotels, and Jetwing Travels, have joined forces with the Sri Lanka Tourism Promotions Bureau and National Carrier SriLankan Airlines to unveil a groundbreaking…
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