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Sri Lanka’s FIU imposes financial penalties on DFCC Bank and Union Bank for non-compliance with AML/CFT rules

Sri Lanka’s regulator for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), the Financial Intelligence Unit (FIU) imposed financial penalties on Union Bank of Colombo PLC and DFCC Bank PLC…

Xiaomi unveils the POCO X3 Pro in Sri Lanka

Tailor-made for young tech and gaming enthusiasts, the newly launched smartphone redefines the smartphone experience by making it unbelievably fluid and powerful.  Commenting on the launch, Vidya Sagar Mugada, General…

Central Bank of Sri Lanka eyes to attract Singaporean Fintech players to its Fintech Sandbox

Sri Lanka – Singapore Business Council (SLSBC) headed by leading venture capitalist Prajeeth Balasubramaniam is facilitating cooperation between Sri Lankan and Singaporean authorities to support the Central Bank of Sri Lanka…

Ceylon Graphite Enters into Strategic Partnership with Sri Lanka’s LOLC to Capture Global Battery Anode Market

Sri Lanka’s diversified Conglomerate LOLC Holdings PLC has entered into MOU with Vancouver-based Ceylon Graphite Corp. to jointly develop at least three new graphite mines and to set up a…

United States Provides $75 million to NDB Bank to Strengthen Sri Lankan Small and Medium Businesses

The United States is providing a welcome boost to Small and Medium Enterprises (SME) in Sri Lanka struggling with the impact of the pandemic.  The U.S. International Development Finance Corporation…

SpO2 monitoring packed Huawei Watch GT2 Pro and Huawei Band 6 for a healthy lifestyle

Huawei, the global smartphone brand has been focusing on the ever changing consumer needs in its product manufacturing processes. For example, the SpO2 monitoring, which is capable of measuring the…

Digital Marketing Association launched, establishing a much-awaited industry body for Sri Lankan Digital Marketers

In an effort to drive growth in the Digital Marketing industry, Sri Lanka’s foremost digital marketing experts have come together to launch the Digital Marketing Association of Sri Lanka (DMASL),…

Sri Lanka extends forex restrictions on capital flight by six months

The government has extended suspensions/restrictions on capital forex outflows (outward remittances) by six months with effect from the 2nd of July this year to preserve the country’s shrinking FX reserves.…

The Country’s Fastest Growing Smartphone Brand realme & the e-Commerce Stronghold Daraz Form a Partnership

realme smartphone clinches slot in Daraz.lk top three The Youth’s Favourite Brand realme signs MoU with Daraz Realme, the world’s fastest-growing smartphone brand, officially signed a MoU with Daraz on…

Asian renewable investments expected to double to $1.3T by 2030

Reuters: Asia Pacific investments in renewable energy generation by 2030 may double to $1.3 trillion from the previous decade, dwarfing fossil fuel power expenditures that are expected to drop by…