Sustaining its brand visibility and universal appeal on a global platform, Sri Lanka Tourism is once again in the spotlight with the recent recognition by Bloomberg Businessweek. The Sigiriya Rock Fortress was listed as one of the new Seven Wonders of the World, making Sri Lanka the only Asian country to make it onto the…
The Information and Communication Technology Agency (ICTA) of Sri Lanka recently conducted a three-day series on the Proposed Data Protection Bill to enable a thriving digital economy. The three-day program was conducted on the 15th,16th, and 17th of June with eminent speakers from the industry and legal fraternity. Over 400 participants consisting of C-level and…
A special meeting was held on 1st July 2021 at Batticaloa International Airport (BTIA) with the participation of Hon. Prasanna Ranatunga, Minister of Tourism, Hon. D V Chanaka, State Minister of Civil Aviation and Export Zone Development, Representatives of Members of Parliament of Batticaloa district, Major General (Rtd) G. A. Chandrasiri, Chairman AASL, Mr. Rajiv…
The beach and the ocean are both idyllic escapes for many. It can appeal to one’s senses, from swimming in the sea to exploring sea life or pressing one’s feet against the wet beach sands. However, enjoying such pleasures becomes problematic when the beaches and ocean are polluted due to anthropogenic activities. A study…
With a view to assist and maintain the financial system stability by minimizing the pressure on the exchange rate and preserving the foreign currency reserve position of the country, the Hon. Minister of Finance with the recommendation of the Monetary Board of the Central Bank of Sri Lanka and the approval of the Cabinet of…
Total Bonus declaration for Sri Lanka Insurance Life Policy Holders since 2005 tops Rs73.2billion Sri Lanka insurance is proud to declare the largest ever life insurance bonus in the country amounting to a staggering Rs. 8.6 billion for the year 2020 to its life insurance policyholders, recording the largest life insurance bonus ever to be…
Sri Lanka Mission in Japan facilitated 3 online promotional events to increase exports to Japan and investment to Sri Lanka including country specific session at the first ever virtual Sri Lanka Investment Forum (SLIF) concluded with the participation of over 220 prospective Japanese Investors. The mission attracted over 220 potential investors from a cross section of…
The Colombo Stock Exchange (CSE) and CHEC Port City Colombo signed a Memorandum of Understanding (MoU) to enhance the capital markets in Sri Lanka by taking advantage of the Port City Colombo’s special emphasis of the Colombo International Financial Center, in order to establish a regionally recognized financial exchange within the country’s borders. The MoU…
Zero NPLs on Rs. 14 Billion worth loans in a globally challenging year Softlogic Finance PLC, a subsidiary of Softlogic Capital the financial arm of the Softlogic Group, announced plans to strengthen its Tier 1 Capital in compliance with Capital Adequacy Requirements as stipulated by the Central Bank of Sri Lanka, through a planned Rs….
Fitch Ratings-Colombo-01 July 2021: Sri Lanka’s largest banks are the most susceptible to heightened sovereign risk due to their higher exposure to foreign-currency denominated government securities and, in some cases, weaker capital positions, says Fitch Ratings in a new report. Domestic banks have significant direct exposure to the sovereign, largely via government-security holdings, as well…
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