Category: Industry
Central Bank advises public to be watchful about online financial frauds & scams
The Central Bank strongly advises the public to be watchful about online financial frauds & scams and not to share any confidential information. The Central Bank said it has received information regarding several types of financial frauds and scams being operated through social media, Internet-based applications and mobile payment applications. Most of these scams are […]
“SL opens its doors to World” announced at travel trade awareness session in Mumbai
A virtual awareness session for the Travel Trade in Western India was held on 19 January 2021 to announce the re-opening of Sri Lanka for international tourists from 21st January 2021. This was the first awareness session organized for the Indian Market to inform of Sri Lanka’s re-opening and the “safety protocols” associated with the re-opening […]
SL vehicle registrations show an increase in Dec 2020: Jan expected to be nil
Jan 21, 2021 (LBO) – Sri Lanka’s vehicle registrations for the month of December show an increase mainly due to a shifting of registrations from the month of November, a new report says. Data compiled by JB Securities equities research shows that total vehicle registrations recorded 4,407 units in the month of Dec up from 2,868 […]
SL explores bilateral trade with Philippines
The Embassy of Sri Lanka in Manila initiated a virtual introductory meeting between the State Trading Corporation of Sri Lanka (STC) and the Philippine International Trading Corporation (PITC) on 13 January 2021 to discuss opportunities for mutually-beneficial trade engagements between Sri Lanka and the Philippines. Ambassador Shobini Gunasekera, in her welcome remarks, enjoined the two […]
CBSL instructs banks to defer payment of cash dividends until financial statements are finalized
The Monetary Board of the Central Bank having considered the possible adverse impact on liquidity and other key performance indicators of licensed commercial banks and licensed specialised banks have issued directions on restrictions on discretionary payments of licensed banks. Accordingly, these directions shall be applicable to every licensed bank incorporated or established in Sri Lanka […]
Prime Finance raises Rs. 527mn via rights issue to meet core capital requirements
Prime Finance PLC, a member of the Prime Group, announced that it raised capital of Rs. 526.68 million following the successful conclusion of its fully subscribed Rights Issue in December 2020. Prime Finance PLC is a Licensed Finance Company by the Monetary Board of Central Bank of Sri Lanka (CBSL) which provides personal and business […]
Union Assurance records highest MDRT qualifiers in Sri Lanka
Union Assurance makes history with an all-new record of Million Dollar Round Table (MDRT) qualifiers to achieve #1 position in Sri Lanka. With 172 qualifiers, the Company achieves industry-leading status recording the highest number of Top of the Table achievers (5), ten (10) Court of the Table qualifiers and 157 MDRT qualifiers. MDRT is a global, independent association of the world’s leading life insurance and financial services professionals […]
The differences between big data, data science and data analytics – and why it matters to your business.
As today’s software development practices form their foundations on the cloud through cloud support services, digital applications are more interconnected than ever before. If your IT agency is a dedicated AWS partner (or partnered with any other leading provider, for that matter) this implies a relationship with an entity apart from your development team. This […]
Eran warns “Be careful of pump and dump in stock market”
Jan 18, 2021 (LBO) – Former State Minister of Finance Eran Wickramaratna said that when we hear the message of share market it was not only the message but we also need to look at the messenger as well. “We hear a lot of comments on basically about economy, lots of nice stories and fairy […]
Park & Ride bus service to ease traffic congestion launched
The first phase of the Park & Ride bus service was inaugurated at the Makumbura Multimodal Transport Center, Kottawa today (Jan. 15) in the presence of President Gotabaya Rajapaksa as a solution to the heavy traffic congestion surrounding Colombo city limits. The “Park & Ride” aims to minimize the number of automobiles travelling to and […]
RPCs lay out final proposal to remunerate workers Rs. 1105 per day
In a meeting today between the Minster of Labour Hon. Nimal Siripala de Silva and the Chairmen of all Sri Lankan Regional Plantation Companies (RPCs), a final proposal has been submitted towards ensuring a sustainable earnings model for the sector. This proposal takes into consideration the sustainability of both the industry and livelihoods of plantation […]
Buying apartments the right way: 3 things to be mindful of
By Lanka Proprty Web From vertical living to multi-storied houses and ancestral homes in the countryside, housing has evolved throughout the years in different ways in different countries. The industrialized nations are branching out their vertical living styles to higher stories, while in the developing world housing is growing larger in width. In Sri Lanka, […]