Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe, has been named amongst the 21 Bank Governors listed in the Global Finance Magazine’s Central Banker Report Cards for the year 2023. Accordingly, Dr. Weerasinghe was amongst the 10 governors who earned an ‘A-’ grade. On 23 August, the Global Finance Magazine released the names…
The Planters’ Association of Ceylon (PA) commended Government and Trade Union representatives for voicing preliminary support for long-overdue reforms to the archaic colonial-era daily attendance-based model in favour of a productivity-boosting modern Revenue Share Model. While certain stakeholders have advocated limiting workers’ pay to a mere Rs. 1,000, over the years, PA has consistently championed…
Cinnamon Hotels & Resorts proudly hosts the event for the 11th consecutive year at Trinco Blu by Cinnamon. The much-anticipated annual Trinco Blu Sailing Regatta is making a return on 2nd of September 2023, following a three-year interval. Commemorating its 11th successive year, Royal Colombo Yacht Club together with Cinnamon Hotels & Resorts, plans to…
Bimputh Finance PLC (BFP), a Licensed Finance Company under the Finance Business Act, No. 42 of 2011 (FBA) has continuously been violating/contravening provisions of the FBA, several general Directions and Rules that have been issued with the view to achieve the overall objective of financial system stability and also specific directions issued to BFP in…
Sri Lanka has paid another $100 million in the second installment out of $200 million loan given by Bangladesh in a currency swap, said a Bangladesh Bank spokesperson on Friday. Last month Colombo paid $50 million in the first installment of the loan repayment. Bangladesh lent $200 million from its foreign exchange reserves to Sri…
SHANGHAI, Sept 1 (Reuters) – Tesla (TSLA.O) on Friday unveiled a restyled Model 3 with a longer driving range in China and other export markets for its Shanghai factory including Europe, putting pressure on rivals. In China, the world’s largest auto market and Tesla’s second-largest after the United States, the refreshed version of the Model 3 came…
Sail Lanka Charter has reached a historic milestone by introducing female crew members to serve on their fleet of catamarans, the first to do so in Sri Lanka’s marine tourism landscape. This groundbreaking move signifies a major step towards promoting gender equality, empowerment, respect, and diversity within the industry. Reflecting on this significant achievement, Mario…
Sri Lanka’s Department of Census and Statistics says that headline inflation based on the Colombo Consumer Price Index (CCPI) has further reduced to 4% in August, compared to 6.3% in July 2023. According to its latest report, Colombo’s food Inflation has decreased to -4.8% in August, from -1.4% in July 2023. The CCPI for all…
(Reuters) – China’s Sinopec Corp is setting up a new entity to invest in refinery and petrochemical assets overseas in a bid to leverage its expertise and deep pockets to expand globally as local Chinese oil demand nears a plateau. After a quiet launch in late June of Sinopec Overseas Investment Holding as its sole…
The aim is to empower future generations with modern technology as well as financial literacy. From next year, the Central Bank report will be discussed in schools – President. President Ranil Wickramasinghe said that future generations will be empowered with modern technology as well as financial literacy. The President also pointed out that it is…
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