Governor of the Central Bank of Sri Lanka Dr. Indrajit Coomaraswamy has submitted his resignation earlier this month and plans to leave his post in December. The Governor had tendered his resignation on November, citing personal reasons. According to reports, Dr. Coomaraswamy had planned on resigning even before the Presidential Election, which was held on November…
Sri Lanka Billionaire Dhammika Perera has increased his personal stake in the diversified conglomerate,Hayleys PLC to 51% from 50.44% . The move follows Perera buying 430,000 shares of Hayleys PLC on 21st November 2019. Perera now holds 38.26 million shares in Hayleys PLC, out of 75 million shares.
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, announced the launch of Add to Bill (Direct Carrier Billing) Services with Google, to make it easier for users to purchase apps, games, digital content, in-game/in-app purchases, movies, subscriptions and more from the Google Play store on their devices. With the introduction of Direct Carrier Billing with…
WASHINGTON (Reuters) – Billionaire media mogul Michael Bloomberg, the former mayor of America’s largest city, jumped into the race for the Democratic U.S. presidential nomination on Sunday as a moderate with deep pockets unabashedly aiming to beat fellow New Yorker Donald Trump in the November 2020 election. Bloomberg’s belated entry into the race – just…
Top economist and Executive Director of the Institute of Policy Studies of Sri Lanka (IPS), Dr. Dushni Weerakoon will deliver the 23rd Annual Oration on Taxation organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on 02nd December 2019 at the CA Sri Lanka Auditorium. Dr. Weerakoon, will deliver the oration…
The new Cabinet of Ministers were sworn in before President Gotabaya Rajapaksa at the Presidential Secretariat, today (22). Following are the Ministers and their portfolios: 1. Hon. Prime Minister Mahinda Rajapaksa – Minister of Finance, Economic Affairs, Policy Development, Buddha Sasana, Cultural, Water Supply & Urban Development, Housing Facilities 2. Hon. Nimal Siripala de Silva…
As the newly elected President of Sri Lanka is making the best effort to put the Sri Lankan economy back on a strong recovery path, while addressing many challenges, Prima Ceylon (Private) Ltd will assist the president’s endeavors by withdrawing the recent price increase, pending discussions with the new government. Accordingly, bakery owners and retail…
Reuters – Sri Lankan shares ended largely unchanged on Thursday, hovering near a more than one-year high hit earlier this week, while the rupee ended weaker as investors awaited policies from the newly elected government. ** Mahinda Rajapaksa took oath as prime minister earlier in the day, cementing his powerful family’s political comeback, after former…
Sri Lanka’s central bank has warned the public to be vigilant of financial frauds and scams being operated through social media, and Internet-based applications. Issuing a statement the CBSL noted that most of these scams are conducted through easy loan schemes that attract the public. Hence, The CBSL strongly advises the public to be vigilant…
Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 5.6 per cent in October 2019 from 5.0 per cent in September 2019. The monthly increases of prices of items in the Food category contributed to this increase. Accordingly, Food inflation (Y-o-Y) increased to 7.3 per cent in October 2019 from 4.9 per cent in September…
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