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VIDEO: Why Bill Gates Is Buying Up U.S. Farmland
Bill Gates made headlines for becoming the largest private farmland owner in the U.S. But he’s not the only one. Some of the wealthiest landowners including Jeff Bezos, John Malone and Thomas Peterffy are buying up forests, ranches and farmlands across the United States.Why? Watch the video to find out.
Central Bank sets maximum interest rate on foreign currency deposit accounts of banks
Considering the anomalies in the interest rates offered and paid by licensed commercial banks on the rupee and foreign currency deposits, the Monetary Board of the Central Bank has issued an order on maximum interest rates to be paid in respect of foreign currency deposit products of licensed commercial banks and the National Savings Bank. […]
Emirates to resume Colombo – Male flights from 1st September
Emirates has announced the resumption of its Colombo – Male service starting 1 September. The daily service between the two cities will be an extension of its Dubai-Male flight EK652 to Colombo, with the return flight EK653 operating from Colombo to Dubai via Male. Emirates flight EK652 will depart Dubai at 09:45hrs daily, arrive in […]
“GLX Digital Evolver” powers transformation of tourism through digital evolution
Good Life X (GLX) in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Sri Lanka – via ‘GLX Digital Evolver’ pursue the growth and evolution of Sri Lanka Tourism in partnership with leading industry experts. The recently launched programme which is aimed at empowering businesses in Sri Lanka’s Travel & Tourism Sector to evolve digitally, […]
‘s headline inflation increased to 6.8-pct in July 2021
Headline inflation, as measured by the National Consumer Price Index has increased to 6.8 percent in July 2021 from 6.1 percent in June 2021 driven by the monthly increases of prices of items in both Food and Non-food categories. Accordingly, Food inflation (Y-o-Y) increased to 11.0 percent in July 2021 from 9.8 percent in June […]
ASPI surpasses fair value; reduce equity exposure to 65-pct: First Capital Research
With the ASPI surging past the 8,000 mark for the 2nd time in 2021 and taking into account the economic uncertainties that exist, First Capital Research recommends reducing equity exposure to 65% from the current 90% raising cash allocation to 35% from 10%. First Capital Research believe that the fair value for the ASPI stands […]
First Capital Implements Digital Onboarding for Unit Trusts & Govt Securities for first time in SL
Breaking barriers in the non-bank financial services space, First Capital introduces ’digital onboarding’ to facilitate non-face-to-face Account Opening for Unit Trusts and Government Securities clients for the first time in Sri Lanka. Together with the Stock Brokering arm that facilitate digital onboarding through the CSE Mobile App, the Company offers a fully integrated digital account […]
Full speech: President Gotabaya Rajapaksa’s special address to nation
The Most Venerable Maha Sangha, Religious Leaders of other faiths, Friends, The accepted opinion of the World Health Organization (WHO), the majority of medical experts and according to the global standardized methodology is that the vaccination is the only solution for the COVID-19 pandemic. That is why, I made a special commitment to bring in […]
Island-wide quarantine curfew from tonight to August 30
Army Commander General Shavendra Silva says that a decision has been taken to impose quarantine curfew across the island with effect from 10.00 p.m. today (20) until 4.00 a.m. on August 30. However, the essential services, apparel and agricultural sectors will function as normal during that period while pharmacies will also be permitted to operate […]
Sri Lanka’s exports surpassed USD 1bn mark in July after four months
Sri Lanka’s exports have surpassed the $ 1 billion mark in July after four months’ time period where a similar achievement was recorded in March during this year. As per the figures released by the Sri Lanka Customs, Sri Lanka recorded exports worth US$ 1,099.41 million in July 2021, the highest ever monthly achievement, which […]