The Commercial Bank of Ceylon has announced the enabling of ‘Visa Direct’ and ‘Mastercard Send’ card-based fund transfer facilities for the first time in Sri Lanka. With this latest digital initiative of Commercial Bank, Visa and Mastercard Debit and Prepaid cardholders can transfer funds to any locally-issued Visa and Mastercard Debit, Credit or Prepaid card…
INSEE Cement, Sri Lanka’s Number 1 cement brand and member of the Siam City Cement Public Company Limited (SCCC) of Thailand, announced the appointment of Jan Kunigk as Chief Executive Officer (CEO) as of 01 January 2023, marking the beginning of a new year with a change of guard in the company. With his appointment,…
Sri Lanka encountered the most challenging year in 2022 in the post-independence economy. Headwinds due to consecutive economic shocks in recent years, including the Easter Sunday attacks in 2019, the outbreak of COVID-19 in 2020, and its protracted impact on activity in the aftermath in 2021, the socioeconomic and political crisis in 2022 amidst catastrophic balance of payments (BOP)…
During the year up to 30th December 2022, the Sri Lankan rupee depreciated against the US dollar by 44.8 per cent. Given the cross currency exchange rate movements, the Sri Lankan rupee depreciated against the Euro by 41.4 per cent, the Indian rupee by 38.6 per cent, the pound sterling by 38.1 per cent and…
The Food and Agriculture Organization of the United Nations (FAO) and the Ministry of Fisheries launched a modified multiday fishing vessel at an event in Colombo to improve the quality of fish and reduce postharvest loss in the Fisheries sector. Fish products are an important source of animal protein for Sri Lanka and the sector…
The Ceylon Motor Traders Association (CMTA), the most senior automotive association in South Asia, recently hosted the first CMTA Pre-owned Vehicle Fiesta, which was the first public event put on by the CMTA in over 2 years. This was due the significant challenges brought about by the prevailing economic conditions and the fact that Sri…
Former Prime Minister of the United Kingdom, David Cameron, visited Port City Colombo development project during a private trip to the island. Mr. Cameron engaged in a discussion with Reyaz Mihular – Commission Member and Vindhya Weerasekera – Director Legal and Corporate Affairs of the Colombo Port City Economic Commission; Yang Lu – Managing Director…
Freedom Hub is the final project of the late Mangala Samaraweera. Launched a month before his untimely passing from COVID in August 2021, the long-time liberal-democratic champion unexpectedly stepped back from parliamentary politics and aligned himself instead with youth advocates, change-maker creatives, entrepreneurs and innovative professionals. Mangala, who foretold much of Sri Lanka’s current crisis…
All T20 and ODI matches played in the Sri Lanka Tour of India 2023 can be watched live, for free, on www.dflix.com or by downloading the dflix app. The first of the three T20 matches kicked off Tuesday (03 Jan.). The next two T20’s will be played on 05 and 07 January, while the ODI’s…
Reuters – Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy. Brent futures for March delivery fell 13 cents to $81.97 a barrel, a 0.1% loss, by 0511 GMT. U.S. crude dropped 28 cents, or 0.3%, to $76.65…
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