The Commercial Bank of Ceylon’s Rs 5 billion debenture issue will open on Thursday 1st December 2022, offering investors an opportunity to profit from the growth of the bank. The Bank has announced plans to raise Rs 5 billion via 50 million Basel III-compliant debentures with an option to increase it by a another Rs…
A special research centre with expert support from the Universities of Moratuwa and Peradeniya for research and future technological identification in the power sector President inspects the Thalaimannar jetty President Ranil Wickremesinghe who is currently in Mannar on an observation tour held discussions with government officials to establish a green hydrogen project, improved water management…
People’s Bank recently entered into an agreement with the National Investment Industrial Bank in Russia to facilitate anovel remittance mechanism that enables efficient and convenient fund transfers from Russia to accounts in Sri Lanka. According to this arrangement, beneficiaries in Sri Lanka, especiallyservice providers, exporters etc. will be able to receive fundsquickly and cost effectively….
Invites the private sector to play greater role President Ranil Wickremesinghe said that the government is looking at removing the para-tariffs and the tariffs over five years, with a trade adjustment programme to help industries and manufacturers meet competition, adding that from the government side discussions have been initiated with the World Bank and the…
The long-awaited Lanka Premier League (LPL) 2022, to be held in Colombo from 6th December 2022, has appointed Ada Derana 24 as its official television broadcasting partner in Sri Lanka. Ada Derana 24 is Sri Lanka’s foremost and only 24-hour News Television Channel. Ada Derana 24 will broadcast the live coverage of 23 exciting matches…
Chairman of the National Council Sub-Committee for Identifying Short- and Medium-Term Programs related to Economic Stabilization, Member of Parliament Patali Champika Ranawaka, said that proposals for the reform of laws related to the economic stabilization of the country will be presented to the country at the end of December. The chairperson of the committee mentioned…
Ministerial Consultative Committee on Investment Promotion advise BOI The Ministerial Consultative Committee on investment Promotion advised the Board of Investment of Sri Lanka (BOI) to clearly communicate to the Central Bank of Sri Lanka (CBSL) and the Treasury that there are no investments coming in under the new enhance capital-based package and therefore a new…
The fifth edition of Race the Pearl, the 24-hour race that covers the entire length of 600 kilometers of Sri Lanka from top to bottom, concluded on 6th Nov 2022 successfully with Toby Read from UK Winning with the timing of 23 hrs and 06 minutes and Frenchman Fabrice Linon coming second with timing of…
Reuters – The Galapagos Islands, whose thousands of unique species inspired Darwin’s theory of evolution, have incalculable ecological value. But what are they worth? Perhaps around $800 million, judging by the size of a “debt-for-nature” swap deal that could see Ecuador’s debts cut in exchange for protecting its offshore territory’s fragile ecosystem, according to people…
Reuters – Sri Lanka has postponed a round of debt restructuring talks initially expected to be held on Thursday to allow central bank and treasury officials to provide clarifications sought by the country’s creditors, its state minister of finance said. The island nation formally kicked off the talks in September after securing a preliminary $2.9…
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