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Ripples of difference: Empowering communities through sustainable water practices
In the rich tapestry of Sri Lanka’s history, ancient civilizations developed hydraulic engineering systems over 2,000 years ago. Today, these reservoirs, comprising over 1,000 cascades and 15,000 small tanks, remain integral to rural communities, sustaining livelihoods and ensuring food security amidst modern challenges. However, according to the UNDP, approximately one- third of the population faces […]
ADB approves USD100 Mn Loan to support SMEs in Sri Lanka
The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. “SMEs play a critical role in Sri Lanka’s economy, contributing 52% to the country’s gross […]
Union Bank unveils bold new logo in sync with new transformational phase
Union Bank, now partnered by the strength of the global conglomerate CG Corp Global, recently unveiled a new logo that embodies the Bank’s new strategic vision and transformation. Leveraging on the brand’s rich history of over 29 years as a trusted financial services brand in Sri Lanka, the new logo has been designed as an […]
CBSL reduces policy rates by 0.5-pct in view of stable inflation outlook over medium term & subdued demand pressures
The Monetary Policy Board of the Central Bank decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points (bps) to 8.50 per cent and 9.50 per cent, respectively. The Board arrived at this decision following a comprehensive assessment of current and […]
At First N.Y.C. Mayoral Forum Five Democratic Candidates Attack
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Brantel appointed Partner and Reseller of global networking giant Cisco
Brantel Lanka (Pvt) Ltd., has announced the Company’s appointment as a Partner and Authorised Reseller in Sri Lanka for Cisco Networks, the global leader in networking hardware, software and services. The Company said its primary role as a Cisco Partner would be to help build the online presence, and automate the business processes, of small […]
Ceylon Chamber of Commerce Celebrates 185 Years of Service to Sri Lanka’s Private Sector
The Ceylon Chamber of Commerce, the premier representative of Sri Lanka’s private sector, proudly marks its 185th anniversary today (March 25). Established in 1839, initially to cater to the needs of the plantation industry, primarily rubber and coconut, it has evolved into an institution representing a wide sector of industry and commerce. Today, boasting a […]
Senior management & professionals to revisit recent salary revision: CBSL
A majority of the senior management and professionals of the Central Bank have made a collective decision to consider a revision to their salaries, prior to and independent of the recommendations made by the Committee on Public Finance (COPF), Sri Lanka’s Central Bank said. Full statement .
Foreigners Can Now Apply for Sri Lankan Driving License at the Airport
In a significant move to facilitate foreign individuals seeking a driving license in Sri Lanka, State Minister of Transport, Lasantha Alagiyawanna, announced a new initiative. Starting from April 15th, 2024, foreigners will be able to apply for a driving license directly at the airport. Upon exiting the airport, they will be able to obtain their […]
Union Bank appoints Dinesh Weerakkody to the Board
The Board of Directors of Union Bank of Colombo PLC announced the appointment of Dinesh Weerakkody a distinguished banker and financial advisor with vast experience as an Independent Non-executive Director, with effect from 01 April 2024. Dinesh Weerakkody is a former Chairman of Hatton National Bank PLC and Commercial Bank of Ceylon PLC and a […]