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CBSL to establish permanent single-digit interest rate structure in economy
Jan 04, 2021 (LBO) – Capitalising on the achievement of 12-years of single-digit inflation, the Central Bank intends to establish a permanent single digit interest rate structure in the economy, Governor W D Lakshman said. Introducing the monetary and financial sector policies for 2021, Governor said that they will remain focused on maintaining market interest […]
Central Bank expects payment receipt facility for SL from payment providers like PayPal
Jan 04, 2021 (LBO) – Sri Lanka’s Central Bank has already commenced discussions with international payment service providers, such as PayPal, to enable payment receipt facilities for Sri Lankan residents, Governor W D Lakshman said. Introducing the monetary and financial sector policies for 2021, Governor said that he expects positive outcomes in this regard in […]
ACL Cables showcases strong financial position; achieves (SL) A+ credit rating
ACL Cables PLC, the No.1 cable company in Sri Lanka has once again showcased its strong financial position and brand equity achieving (SL) A+ stable credit rating for the fourth consecutive year according to ICRA Lanka’s recently published rating outlook. Impressively, ACL Cables became the only cable manufacturer in the local industry to register an […]
Sri Lanka Telecom & Mobitel join forces making history in national connectivity
Sri Lanka Telecom (SLT) and SLT Mobitel unveiled their unified brand identity on January 1, 2021 at SLT Headquarters forming a formidable force creating a lasting legacy as the national Information and Communications Technology (ICT) solutions leader. The historic unification of products and services were symbolically launched at the event that took place with the […]
68,000 Sri Lankans awaiting return: Foreign Secretary
Despite the worsening global situation triggered by the Covid pandemic, the process of repatriation of Sri Lankans, one of the most pressing challenges at hand has been judiciously spear headed by the Foreign Ministry under the directive of Minister Dinesh Gunawardana, enduring insurmountable challenges overseas amid lockdowns, isolations, curfews and closure of air space, to ensure swift return of Sri Lankans who are in distress. Since the evacuation of 33 students from Wuhan City, in February 2019, the Ministry has been carrying out the task of repatriation for almost a year now and […]
England Cricket team arrived in Sri Lanka to play two Test series in Galle
Jan 03, 2021 (LBO) – The England cricket team arrived in Sri Lanka on Sunday to play two Test series against Sri Lanka in Galle. This will be preceded by a period of quarantine and training, the British High Commission said. The first test match begins on 14 January, followed by the second on 22 […]
| New Confessions of an Economic Hit Man
The New Confessions of an Economic Hit Man author John Perkins joins to detail how he used to operate on behalf of the rich and powerful to coerce leaders of developing countries to accept massive loans as a ploy to bankrupt them into signing away their resource rights for pennies on the dollar — or […]
VIDEO: World welcomes New Year with low-key celebrations
From Sydney Harbour Bridge to the Acropolis, fireworks burst in skies above eerily deserted landmarks as the world ushered in the New Year with muted celebrations and said good riddance to a pandemic-ridden 2020.
ASPI recorded a growth of 10.5-pct in 2020; market turnover highest since 2011
Jan 01, 2021 (LBO) – The benchmark All Share Price Index (ASPI) of Colombo Stock Exchange (CSE) closed 2020 recording a growth of 10.5%, the highest annual increase the index has seen since 2014. The ASPI ended 2020 on 6774.22 points. Meanwhile, the S&P SL20 index, which features the CSE’s 20 largest and most liquid […]
ComBank launches Sri Lanka’s first ‘WhatsApp Banking’ facility
A simple “Hi” is all it now takes to access services at the Commercial Bank of Ceylon. Demonstrating its innovative use of new-age communications, the country’s largest private bank has pioneered a ground-breaking product on the world’s most widely-used messaging platform WhatsApp to become the first Sri Lankan bank to offer Banking Services on the […]