The Lankan Angel Network (LAN) today announced that it has signed a landmark grant agreement with the Ford Foundation to catalyze the growth of Sri Lanka’s startup ecosystem. The grant of USD 300,000 is the first of its kind for the Ford Foundation in Sri Lanka and will be utilized to reach entrepreneurs across multiple…
Headline inflation as measured by the year on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 7.6% in January 2020 from 6.2% in December 2019. This was driven by monthly increase of prices of items in both Food and Non-food categories. Food inflation (Y-o-Y) increased substantially from 8.6% in December 2019…
The Monetary Board of the Central Bank of Sri Lanka decided to discontinue the compilation and publication of SLIBOR with effect from 01 July 2020. This decision was taken in consideration of the lack of usage of SLIBOR in benchmarking loan products in the domestic financial market, the global trend of phasing out the compilation and publication of…
Despite receiving threats from Corona Virus to the globally travel community, Sri Lanka Tourism’s Visiting Blogger Program kicked off promotions aggressively for the year 2020, by welcoming 27 high profile International Travel Bloggers, Travel Influencers together with their content supporters to experience “What is So Sri Lanka “and to endorse the island as one of…
In the backdrop of challenging external environment, Seylan Bank recorded a profit after tax of Rs.3.68 Bn for the year ended 31st December 2019. Successful and oversubscribed Rights Issue made during the last quarter for LKR 4.30 Bn which followed a similarly successful debenture issue earlier in the year endorsed and demonstrated the confidence placed…
Ellipse Projects SAS France has been entrusted with the installation of 23 priority bridges in various parts of the island. This company will be supplying and fixing 23 priority bridges in selected areas with the objective of minimizing traffic congestion, highway accidents, as well as escalating vehicle monitoring costs. M/s Ellipse Projects SAS establishment in…
When the relation between information technology and the law is examined a little more closely, it is soon recognized that there is a gap in between that needs to be solved. Hence, the chairman of ICTA, believes that this gap needs to be resolved soon in order to have a knowledge-based society, sustained by a…
The port of Colombo hit another milestone by receiving the massive passenger vessel Artania on the 13th of February, 2020, and on her way to Pulau We, Indonesia on the 16th of February, 2020, carrying mostly German passengers who were keen to have an experience of a lifetime. This vessel operates under the German Shipping…
Like their counterparts around the world, Sri Lankan teenagers spend hours online on various social media platforms. Teenagers’ online usage habits have become a bone of contention with their parents, who naturally worry about their teenager’s safety online. Online Safety is an important conversation that you can share with your teenage kids, where both parents…
DFCC Bank has continued to aggressively pursue its role as a commercial bank by strengthening its core business, creating momentum in the industry with its constantly evolving best in class offerings and creating a culture of service amongst its people, Director/Chief Executive Officer, DFCC Bank, Lakshman Silva said. DFCC Bank, the largest entity within the…
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