Considering the recent public inquiries and the developments observed relating to cryptocurrencies, which are also commonly referred to as “crypto”, the Central Bank of Sri Lanka (CBSL) wishes to reiterate to the public of the significant risks associated with using and investing in cryptocurrency. Cryptocurrency is a type of virtual currency that is generated by…
Sri Lankan consumers voted Dialog as the ‘Telecommunication Brand of the Year’ for a record twelfth year running at the prestigious SLIM-KANTAR People’s Awards 2023. Voted for by the public to recognise brands that have made a profound impression in the minds of the people of Sri Lanka, the People’s Awards crowns the brands that…
The fourth round of negotiations on the proposed Sri Lanka-Thailand Free Trade Agreement (SLTFTA) was held in Colombo from 27 to 29 March 2023. This initiative aligns with the President’s vision of enhancing economic relations with large and emerging economies, with a particular focus on ASEAN countries. On March 26, a 35-member Thai delegation led…
The construction sector’s problems will be addressed gradually as the country’s financial situation improves, said Mr. Sagala Ratnayake, the Chief of Presidential Staff and Senior Adviser on National Security to the President. Mr. Sagala Ratnayake made this statement during the meeting of the working committee on interest rates and bank recovery measures to uplift the…
The State-owned Enterprise Restructuring Unit (SRU) of the Ministry of Finance, Economic Stabilization and National Policies (MoF), will place advertisements in the local and international press and via LinkedIn on Thursday 30th of March, calling for Expressions of Interest (EOI) from consultancy firms interested in providing sell-side transaction advisory services with respect to the divestiture…
The Sri Lanka Veterinary Association (SLVA) emphasizes the strict adherence to protocols for imported eggs and commends the Department of Animal Production and Health (DAPH) for their efforts to safeguard the health of citizens, before releasing the imported eggs from India to the local market. As previously reported, the SLVA expressed concerns over the recent…
A highly skilled, well-educated workforce who are valued members of the CISI global family were some of the comments made by Chartered Institute for Securities & Investment (CISI) CEO Tracy Vegro on her recent visit to Colombo, Sri Lanka meeting CISI staff, members, stakeholders and partners. The global professional financial services membership body CISI, a…
SLASSCOM, the national chamber for the IT/BPM industry in Sri Lanka has released their much-awaited Compensation & Benefits Report for 2022. Developed in collaboration with SLASSCOM’s HR Forum and PwC Sri Lanka, it covers several critical aspects. These include the necessary skills for entry-level positions in the industry, as well as the requirements for experienced…
Business Sentiment – Confidence Barometer Nudges Up “In light of rising debt vulnerabilities in many countries, I strongly endorse efforts to strengthen the debt architecture, and improve the speed and effectiveness of debt resolution,” the IMF’s Managing Director Kristalina Georgieva said, in a statement at the G20 foreign ministers’ meeting in New Delhi in early March….
To avoid losing benefits, applicants must provide accurate information by March 31 The program initiated on the instructions of President Ranil Wickremesinghe to identify those eligible for welfare benefit payments has completed the information verification for over 2.2 million applications received during the on-going survey and verification process. Mr. Saman Ekanayake, the Secretary to the…
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