Author: lbostgadmin
Australia – Sri Lanka strengthen ties over aerial drone surveillance
The Joint Agency Task Force Operation Sovereign Borders is supporting the Sri Lankan Police to establish an aerial drone surveillance capability. At a virtual ceremony on 8 April 2021, the Commander of the Joint Agency Task Force, along with the Australian Federal Police gifted the Sri Lankan Police five aerial drones to support crime fighting […]
ADB should ramp up efforts to mitigate COVID-19 impact on SDGs: independent evaluation
The Asian Development Bank (ADB), in partnership with other development organizations, must give high priority to efforts to assess and address the implications of the coronavirus disease (COVID-19) crisis on the achievement of the Sustainable Development Goals (SDGs), according to the 2021 Annual Evaluation Review (AER) conducted by ADB’s Independent Evaluation Department (IED). The report […]
Market capitalization of Colombo Stock Exchange increases by MoM 6.4-pct
Forex Market The USD/LKR TT buying and selling exchange rates on 12th April 2021 were marked at LKR 199.15 and LKR 203.73 respectively. The indicative USD spot exchange rate that depicts the average rate of all USD/LKR spot transactions that were executed throughout the previous business day in the local inter-bank foreign exchange market was […]
Central Bank suspends business of Swarnamahal Financial Services
The Monetary Board of the Central Bank has decided to suspend the business of Swarnamahal Financial Services PLC (SFSP) with effect from today. Having considered the continuously deteriorating financial condition and non-availability of a viable revival plan, the Monetary Board decided to suspend the business of SFSP and its parent Company ETI Finance Limited with […]
China Development Bank signs USD 500Mn Financing Facility Agreement with Sri Lanka
China Development Bank (CDB) and Sri Lankan Finance Ministry on Monday signed USD 500 Million Foreign Currency Term Financing Facility (FTFF), which is the second tranche of the total RMB 2 billion plus USD 1 billion FTFF supported by the Chinese side to Sri Lanka after the outbreak of COVID-19 pandemic. Earlier in March, the […]
Singapore Airlines to increase flight frequency to Sri Lanka
Singapore Airlines will increase its flight frequency to Sri Lanka from 3 times to 5 times weekly, from 01 May 2021, operating the Airbus 350-900MH aircraft. Singapore Airlines has continued to adjust its global network capacity to meet passengers’ needs. With this increase in frequency, over 50% of SIA capacity into Sri Lanka will be […]
‘s Deputy Prime Minister for International Relations in Oman
State Minister of Money & Capital Market and Public Enterprise Reforms Ajith Nivard Cabraal and Sayyid Assad bin Tarik al Said, Deputy Prime Minister for International Relations and Cooperation Affairs of the Sultanate of Oman held a special meeting today (9). Minister Cabraal conveyed greetings from the President and Prime Minister of Sri Lanka and […]
Gazette notification to recruit 40 eligible candidates to join Sri Lanka Foreign Service issued
The Foreign Ministry is pleased to inform that a gazette notification to recruit 40 eligible candidates to join the Sri Lanka Foreign Service (SLFS) is now published. The Gazette Notification No. 2,223 dated 9 April 2021 can be accessed at http://www.documents.gov.lk/files/gz/2021/4/2021-04-09(I-IIA)E.pdf. Members to the Foreign Service are selected every few years through an open competitive recruitment […]
No regulatory safeguard for virtual currencies in Sri Lanka, CBSL raises awareness
“Virtual Currencies (VCs)” are digital tokens created by private entities that can be obtained online through mining, Initial Coin Offerings (ICOs) or through Virtual Currency Exchanges. VCs are also commonly referred to as cryptocurrencies. Popular VCs include Bitcoin, Ethereum, Litecoin. While VCs have their own value denominations such as bitcoins for Bitcoin and ethers for […]
Rupee dips further; domestic players dominate equity market
Forex Market The USD/LKR TT buying and selling exchange rates on 8th April 2021 were marked at LKR.199.21 and LKR.203.5 respectively. The indicative USD spot exchange rate which depicts the average rate of all USD/LKR spot transactions that were executed throughout the previous business day in the local inter-bank foreign exchange market was recorded at […]
CBSL starts increased compensation payment to depositors of failed finance companies
The Central Bank (CBSL) has commenced payment of the increased compensation amount of Rs 500,000/- under the Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS), to the depositors / relevant legal beneficiaries of Central Investments and Finance Limited (CIFL), The Standard Credit Finance Limited (TSCFL), TKS Finance Limited (TKSFL), The Finance Company PLC (TFC), […]