Cementing its credentials as the ‘Truly Sri Lankan Bank’, Pan Asia Bank has become the proud recipient of an USD 7.75 million (Approximately 1.5 billion rupees) Green Bond launched by the Switzerland-based Symbiotics, the leading market access platform for impact investing. This is the first green bond issuance by Symbiotics and Pan Asia Bank with…
Interpol has informed Sri Lanka that former Central Bank (CBSL) Governor Arjuna Mahendran, who is currently wanted over the Bond Scam, has changed his name. Accordingly, Mahendran has changed his name to ‘Harjan Alexander’. The Attorney General has informed this to the Special High Court, when the Bond Scam case was taken up before Justices…
President Gotabaya Rajapaksa said that the ‘Nelum Kuluna’ (Lotus Tower) Project should be bestowed with the country after modernizing it to the highest possible standard, as a productive investment. The President has instructed the officials to immediately commence the process of apprising the local and foreign entrepreneurs regarding investment opportunities in line with the project….
Sri Lanka’s construction sector which ranks as the 5th highest in the nations GDP earnings, after Services, Manufacturing, Agriculture and Utilities reports continued interest from local and international buyers as the industry gears towards returning to construction in a COVID-19 affected world. The current pandemic has left several industries drastically affected including recruitment, retail, travel…
The suspension of the recovery of instalments and interest for the loans granted to all Public Officers as a relief measure due to the COVID-19 pandemic situation will not be applicable from the month of June 2020, the Ministry of Public Administration stated. Ministry of Public Administration, Home Affairs, Provincial Councils and Local Government Secretary…
The Urban Development Authority has planned to implement a project to construct ‘studio type’ apartments of a maximum of 350 square feet, so as to accommodate middle-income earners who travel to Colombo from far away areas for their employment. Accordingly, the cabinet approval was granted to implement these housing scheme projects within a distance of…
The State Banks should make their bounden contribution to rebuilding the economy which is in a perilous state due to the COVID-19 pandemic, stated President Gotabaya Rajapaksa. It is the responsibility of State Banks to put in place the mechanism to implement the policies of a government, he said. Taking forward the strategy of maintaining…
The Government has decided to handover the administration of the ‘Suraksha’ student insurance policy to Sri Lanka Insurance after its agreement with the Allianz Insurance expired on May 31, 2020. The Cabinet approval was granted in accordance with the recommendations of the committee which provides recommendations for this insurance program to move it to a…
Emirates has announced the launch of outward-bound passenger flights from Sri Lanka, starting Saturday 20 June 2020, to facilitate travel for foreign nationals as well as Sri Lankans who need to return to families, jobs or education overseas. The airline currently operates passenger flights to 30 destinations with connectivity for cities between Asia, Europe and…
Chief Executive Officer Suresh Shah is to retire from Lion Brewery and Ceylon Beverage Holdings PLC with effect from 30 June whilst Dr. Rajiv Herath Meewakkala will take over, the two companies have announced in a stock exchange filing. Suresh will retire as CEO following a very successful stewardship of the company since its inception….
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