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Month: January 2022

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  • 9 Finance Companies Infused Rs.12.6B in fresh capital to meet regulatory capital requirements

9 Finance Companies Infused Rs.12.6B in fresh capital to meet regulatory capital requirements

Under the Central Bank of Sri Lanka’s (CBSL) Masterplan for Consolidation of Non-Bank Financial Institutions, nine Finance companies have already introduced fresh capital of Rs 12.56 billion to meet regulatory…

Sri Lanka’s saving interest rates cross 5 percent

Sri Lanka’s saving interest rates are continuing on an upward trajectory in responding to monetary policy tightening measures taken by the Central Bank of Sri Lanka (CBSL). The Average Weighted…

LINDEL takes home Bronze Award in Land and Property Sector at 56th Annual Report Awards organized by CA Sri Lanka

DFCC Group subsidiary, Lanka Industrial Estates Ltd (LINDEL), was recently awarded the ‘Bronze award’ for their Annual Report for financial year 2020/21 themed “From Resilience to Progress”, in the ‘Land…

Sri Lanka imported $351.9 million worth of telecommunication devices up to November 2021

Sri Lanka imported $351.9 million worth of telecommunication devices (mainly mobiles and telephones) in the first eleven months of 2021 indicating a 52.3 percent increase over the corresponding period of…

ASPI to reach 15,000 in 1Q with negative returns predicted to materialize from 2Q onwards with possible shocks

The main index of the Colombo Stock Exchange (CSE), the All Share Price Index (ASPI) is forecasted to reach the 15,000 mark in the first quarter of the year before…

CEB Engineers Calls for Removal of CEB Chairman over the appointment of ‘bogus’ GM

Ceylon Electricity Board Engineers Union (CEBEU) calls for the removal of the CEB Chairman M C Ferdinando amidst escalating row on the appointment of CEB General Manager (GM) in the…

CBSL increases policy rates by 50 basis points

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has increased policy rates by 50 basis points to l curtail the possible build-up of underlying demand pressures in…

International and Local Experts Stress the Need For Bold And Radical Reforms for Sri Lanka this year

International and local economic experts and corporate leaders stressed the need for a concrete, long-term and bold reform agenda for the economy as the country braces for a critical year…

Colombo Port’s East Container Terminal’s Construction Second Phase Begins

Construction of the second phase of the Eastern Container Terminal (ECT) of Colombo harbor commenced today (12th) morning under the patronage of President Gotabhaya Rajapaksha and Prime Minister Mahinda Rajapaksha.…

SLT-Mobitel இற்கு ‘CALLER TUNES’ வசதியை வழங்கும் EVOKE

தொலைத்தொடர்பு சேவை வழங்குனர்களுக்கு பெறுமதி சேர் சேவைகளை வழங்குவதில் கவனம் செலுத்திவரும் இலங்கையின் பொழுதுபோக்கு வர்த்தக முன்னோடியான EVOKE INTERNATIONAL LIMITED ஆனது, SLT-Mobitel உடன் இணைந்து தொலைபேசி அழைப்பு ஒலிக்கான பின்னணி இசை ‘CALLER TUNE’ சேவையை வழங்குகிறது. இந்தச்…