All Blogs
Trade Finance and Investments amalgamates into Commercial Credit and Finance PLC
Trade Finance and Investments PLC (TFI), a financial service providerhas been amalgamated into one of Sri Lanka’s pioneering finance companies, Commercial Credit and Finance PLC (CCF). The amalgamation, which came into effect from 31st December 2020 was subject to the shareholders of both companies approving the said amalgamation at Extraordinary General Meetings held on 09 […]
Responsive web and app design: new trends on the horizon, in 2021.
Although software development in Sri Lanka started out as an offshoring destination for IT services, this has long since moved from being just a niche operation that only serves to reduce labour costs for international clientele. With leverage from leading cloud support services, the country’s IT landscape has evolved to deliver more than just application […]
Veemansa policy development & advocacy group to discuss debt sustainability of Sri Lanka
Veemansa Initiative a newly launched, Sri Lanka based, policy development and advocacy group promoting dialogue on sustainable and inclusive development will be hosting a webinar on ‘External debt situation in Sri Lanka; Are we heading for a resolution or crisis?’ on 24th February 2021 at 10 am. The discussion will be aired through multiple social […]
Central Bank updates rules for export proceeds & conversion of them into Sri Lanka Rupees
The Monetary Board of Sri Lanka’s Central Bank has issued rules as published in the Gazette Extraordinary No. 2215/39 in respect of receipt of export proceeds into Sri Lanka and conversion of such export proceeds into Sri Lanka Rupees. Accordingly, following Rules are imposed with effect from 18 February 2021 until further notice. Every exporter […]
Pakistan Prime Minister Imran Khan to visit Sri Lanka next week
Prime Minister of Pakistan, Imran Khan is scheduled to undertake an official visit to Sri Lanka on 23-24 February 2021 on the invitation of Prime Minister Mahinda Rajapaksa. During his visit, Prime Minister Imran Khan will attend bilateral meetings with President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa, while several other high-level engagements are planned, […]
Commercial Bank’s ePassbook surpasses 1 million customer registrations
New app downloads of Commercial Bank of Ceylon’s ePassbook has increased by 150,000 in just six months after self-registration was permitted via a recent upgrade, Sri Lanka’s largest private bank reports. The first digital passbook in Sri Lanka’s and South Asia’s banking industry, ComBank ePassbook has users in more than 100 countries who now log […]
We maintained stabilized prices for over a year despite global price increase: Litro Gas Lanka
With the COVID-19 pandemic impacting markets across the world and the currency fluctuations taking place, the global prices of LPG as one of the world’s most widely used energy sources have been volatile throughout the world. According to Argus Independent Commodity Price Reporting Agency, the leading independent provider of energy and commodity price benchmarks, rising […]
Sri Lanka lifts UK travel restriction
The temporary travel restriction introduced by the Government on travels originating from the United Kingdom to Sri Lanka on account of the new Covid -19 Variant in the UK has been lifted with immediate effect. At a meeting presided by the President, it was decided to relax the restrictions on travels from the UK subject […]
Softlogic Life grew 25-pct in 2020 to Rs.15.6Bn; PAT Rs.1.5Bn
Softlogic Life announced that despite all the difficulties associated with a thoroughly disrupted COVID year 2020, the Company grew revenues to record Gross Written Premium (GWP) of Rs. 15.6 billion, an increase of 25% making it the fastest Company to that mark. The strong growth follows a similar 25% growth that was achieved by the […]