Author: lbostgadmin
Sampath Bank simplifies cash management for businesses with Visa Business Debit Card
Sampath Bank recently announced the launch of Sri Lanka’s first Visa powered business debit card linked to a corporate account – the Sampath Bank Visa Business Debit Card – to help businesses of all sizes gain more control over their expenses. The Bank’s business customers will now be able to move away from cash and […]
Nations Trust Bank signs MOU with Department for Registration of Persons to enable Digital KYC
Nations Trust Bank and the Department for Registration of Persons (DRP) recently signed a Memorandum of Understanding (MOU), enabling the Bank to digitally verify the customers’ identity through the information held by the DRP upon the consent of the customer. The progressive digital customer verification process will take away the cumbersome traditional Know Your Customer […]
Towards Zero Poverty: Why Effective Targeting of Samurdhi Transfers is Essential
By Lakshila Wanigasinghe The first Sustainable Development Goal (SDG) is to “end poverty in all its forms everywhere” by 2030. While achieving the goal of zero poverty is a lofty goal for any government, it is profoundly more so for those of developing countries. The high levels of inequalities and resource constraints are the main […]
Cabinet approval to develop Colombo Port WCT as a PPP with Adani, JKH & SLPA
Cabinet of Ministers has approved a proposal presented by the Port Minister to develop the West Container Terminal (WCT) of the Colombo Port on a Build, Operate and Transfer basis for a period of 35 years as a public-private partnership with Adani Ports and Special Economic Zone Limited (APSEZ Consortium) and its local representative John […]
HSBC Sri Lanka bolsters digital banking capabilities to support remote banking
The global pandemic has accelerated the shift to digitization with faster transition journeys and the rapid adoption of digital channels, which will continue into the future. HSBC Sri Lanka, has helped customers navigate and adapt to the changing digital landscape which will be essential for customers to fulfil their banking needs as part of the […]
Transformation of distribution model: How insurance industry needs to prepare for ‘Next Normal’
By Chula Hettiarachchi Across different industries and geographies, COVID-19 has changed the ways people engage with one another. Numerous health regulations—from social distancing to self-quarantine—have been conscientiously imposed by authorities across nations to overcome numerous pandemic-related challenges, even to the extent of shifting a large proportion of physical transactions to digital and remote platforms. This […]
Capitol TwinPeaks forges ahead, amidst industry challenges
Capitol TwinPeaks, the 50-storey twin-tower mixed residential development under the Sanken Group, continues construction for delivery in 2021, amidst several hardships faced by Sri Lanka’s real estate and property industry. With the announcement by Ceylon Chamber of Commerce (CCC) – Import Section, Chairman, Delano Dias that the import restrictions on nonessential items that were expected […]
PCoI report on Easter attacks handed over to Mahanayakas and Cardinal
A copy of the final report of the Presidential Commission of Inquiry (PCoI) to investigate and inquire into the Easter Sunday attacks has been handed over to Most Venerable Thibbatuwawe Sri Sumangala Thero, Mahanayaka of the Malwatta Chapter and Most Venerable Warakagoda Sri Gnanarathana Thero, Mahanayaka of the Asgiriya Chapter. The report was handed over […]
Sri Lanka vehicle registration down in Jan 2021
Total vehicle registrations recorded 3,256 units in January, down from 4,478 units the previous month and 34,475 units 12 months ago, a new report shows. JB Securities equities research said their database had to be updated for a category called Locally assembled vehicles that were previously NOT in the RMV data feed. In the brand-new […]
‘s record-breaking upliftment to Maldives
SriLankan Airlines carried a record-breaking 1.2 million kilogrammes of cargo from its network to Malé, Maldives, in February 2021. The Maldives is one of the few open, and highly popular, island destinations in the world for travellers.Since the pandemic, perishable goods have been in high demand. Its island neighbour Sri Lanka supplied a large share […]
Laws still restrict women’s economic opportunities despite progress: Study
Countries are inching toward greater gender equality, but women around the world continue to face laws and regulations that restrict their economic opportunity, with the COVID-19 pandemic creating new challenges to their health, safety, and economic security, a new World Bank report says. Reforms to remove obstacles to women’s economic inclusion have been slow in […]
Veemansa Initiatives’ discussion on ‘external debt situation in Sri Lanka
Delivering the keynote address on the topic, External Debt Situation in Sri Lanka: Our Route to Resolution, the Governor of the Central Bank, Deshamanya Professor W D Lakshman said that despite the COVID-19 pandemic and its impact Sri Lanka will maintain its unblemished records of debt service. The Governor made these comments at the […]