Fintrex Finance Limited recently completed a rights issue of 600 Million from existing investors to fund future growth. Shareholders invested through Bluestone1, the sole owner of Fintrex Finance, in a transaction that was managed by Bluestone Capital Pvt Ltd . The Capital raise was led by HWIC ( Asia), a 100% owned entity of Fairfax…
A discussion was held between the senior representatives of the Australia High Commission in Sri Lanka and the Sri Lanka Export Development Board (EDB) on 2nd March to share ideas and strategies to promote Sri Lanka’s education sector among international students. During the meeting, EDB Chairman Suresh D de Mel pointed out that the government…
COLOMBO, March 14 (Reuters) – Sri Lanka’s finance minister held talks with a top International Monetary Fund (IMF) official on Monday, two sources said, as the island nation seeks help to deal with its plunging reserves, a sliding currency and surging inflation. IMF Asia and Pacific Department Director Changyong Rhee met Finance Minister Basil Rajapaksa…
As data and digital tools assume an ever-larger role in all aspects of our lives, it is increasingly important to have clear and effective rules governing the use of personal data through its life cycle and across different data ecosystems. Governments therefore are establishing a data protection regime which is a foundational step in developing…
NEW DELHI, March 14 (Reuters) – India is considering taking up a Russian offer to buy its crude oil and other commodities at discounted prices with payment via a rupee-rouble transaction, two Indian officials said, amid tough Western sanctions on Russia over its invasion of Ukraine. India, which imports 80% of its oil needs, usually…
Nations Trust Bank PLC adds value to customers by enabling digital signatures for transactions partnering with the ‘LankaSign’ digital certification authority powered by LankaPay. The digital signature is a safe and convenient feature that strengthens the Bank’s digital vision to enable a smooth digital banking journey by empowering customers to take control of their banking…
The Board of Investment (BOI) of Sri Lanka recently entered into an agreement with Exactpro Systems (Pvt) Limited, to offer independent software testing services for global capital markets. Followed by their expansion plan in July 2021 and the appointment of Jagath De Silva as CEO for Sri Lanka in September 2021, Exactpro continues to increase…
Reuters – A senior International Monetary Fund (IMF) official will be visiting Sri Lanka on Monday and Tuesday to brief President Gotabaya Rajapaksa on the fund’s assessment of the crisis-hit economy, Sri Lanka mission chief Masahiro Nozaki told Reuters. “While the IMF has not received a request for financial support from Sri Lanka, the staff…
As an initiative to attract more tourists from the Bangladesh market, the Sri Lanka Tourism Promotion Bureau (SLTPB) with the assistance of Sri Lanka High Commission in Dhaka and Sri Lankan Airlines organized a Familiarization (FAM) tour for two groups of the Bangladesh Travel Writers Association (BDTWA) and Tour Operators Association of Bangladesh (TOAB) for…
RBI issued a notification to initiate the $500 million line of credit provided by India to Sri Lanka, which would enable it to buy petroleum products Mumbai: Reserve Bank of India (RBI) on Thursday issued a notification to initiate the $500 million line of credit provided by India to Sri Lanka, which would enable it…
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