The COPE observed that in 2017, 47 people were involved in preparing fake documents and submitting fake information and has obtained Rs. 68 million worth loans from the State Mortgage & Investment Bank. The officials present said that cases have been filed against the persons identified as debtors and that the CID is still investigating…
With the intention of implementing its highly successful skills development programme for technical officers (TOs) and engineers across the Nation, INSEE Cement Sri Lanka signed two Memorandum of Understandings (MoUs) with the Southern Provincial Council. MoUs were exchanged between R.C De Soyza, Chief Secretary of the Southern Province and Nandana Ekanayake, Chairman/CEO of INSEE Cement….
Celebrating 183 years as the leading business Chamber of the country, the Ceylon Chamber of Commerce continues its uninterrupted record of yeoman service to Sri Lanka’s private sector. Established in 1839, the Ceylon Chamber is among the most iconic Chambers of Commerce in South East Asia, working tirelessly to perpetuate its proud tradition as the…
Reuters – Sri Lanka will seek World Bank assistance to stave off a severe economic crisis in addition to an International Monetary Fund (IMF) rescue plan to be discussed next month, two sources said. A 70% drop in foreign exchange reserves since January 2020 has left Sri Lanka struggling to pay for essential imports, including…
The Ministry of Finance and the Central Bank of Sri Lanka wish to assure the public and all other stake holders that the banking system is stable, and that the operations of the State Banks are being carried out smoothly, contrary to statements made otherwise.
Science, Technology and Innovation plays an important role today as a key driver for current and future business growth, and businesses partnering with research based science, technology and innovation can help develop new markets, products, processes and generate value through co-operation and co-production. With re-defining business growth via technology innovation in mind, Sri Lanka Institute…
Higher oil prices are set to lead to a 10% increase in air fares, according to the boss of one of the world’s biggest airlines. BBC – Delta Air Lines head Ed Bastian told the BBC the final impact “really depends where fuel prices settle”. Oil prices have reached 14-year highs after Russia’s invasion of…
As CFA Society Sri Lanka counts down to the ninth annual CFA Capital Market Awards scheduled to be held in June this year, it takes stock of the myriad of stakeholders – including industry regulators – who are part of the flagship event, which recognizes and rewards professionals who have established benchmarks for the advancement…
The Information and Communication Technology Agency (ICTA) of Sri Lanka (ICTA) announced that, a contract agreement was signed with Dialog Networks (Pvt) Ltd to operate and manage Government Information Centre (GIC1919) from 2022 to 2024. The GIC 1919 is now enhanced to provide services 24 hours through extended digital channels via Social Media platforms such…
Xinhua – The Sri Lankan central bank has lifted a ban on foreign exchange transactions and allowed banks to provide forward sale and purchase of foreign exchange facilities to importers. Forward sale and purchase of foreign exchange are contractual agreements between two parties to exchange a pair of currencies at a specific time in the…
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