Govt. extends controls on forex outflow by 6 months
A decision was taken at the meeting of the Cabinet of Ministers on 01st April 2020 to suspend certain remittances from this country to others for three (03) months, whereas the relevant order has been...
View ArticleGovt. releases duties related to all types of taxes during lockdown period
A simple, transparent, efficient taxing scheme was introduce for all the parties in the economy including small and medium level entrepreneurs by the cabinet decision ‘Dawn of the Economic Uplifting’...
View ArticleMedical tourism to form a promising component of private healthcare in Sri...
Leading private healthcare provider, Hemas Hospitals is expecting the medical industry and wellness tourism industry to be a promising component of Sri Lanka’s healthcare portfolio, going forward and...
View ArticleViber cuts business ties with Facebook
Facebook’s data violations and failure to combat violent rhetoric have crossed the line, and Viber is taking relevant measures to cease ad spending, as well as remove product touchpoints, to protect...
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Hilton Colombo to delist from CSE
Hotel Developers (Lanka) PLC announced that it will delist the Company’s shares from the official list of the Colombo Stock Exchange in compliance with applicable regulations and procedures. Hotel...
View ArticleGovt. to raise Rs.80 bn from state banks to settle bills
The government has approved raising Rs.80 billion from State banks to meet outstanding payments of projects carried out by the National Water Supply and Drainage Board (NWSDB) and the Road Development...
View ArticleStatement by CBSL on Regulation and Supervision of Non – Bank Financial...
The Central Bank of Sri Lanka (CBSL) has noticed several media reports that vests the responsibility of failure and subsequent cancellation of licence of several finance companies which were licensed...
View ArticleDialog Axiata Introduces Affordable ‘DATA BLASTER’ to Empower Sri Lankans...
In line with the company’s vision of delivering affordable and accessible world-class internet services to all Sri Lankans, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, introduced...
View ArticleGlobal economy faces long, bumpy recovery post-pandemic: Moody’s
The global economy is limping back to life from the Covid-related disruption, but the recovery will be long and bumpy, according to Moody’s Investors Service. “Global economic recovery will likely be...
View Article‘EatMealFirst’ food delivery service to expand in Sri Lanka
“We play to win. We play fair.” ThinkSmart Solutions Private Limited is a growing end-to-end IT services company, in the sharing economy business platform providing solutions for private and public...
View ArticleJAT Holdings gears trailblazing efforts to improve environmental sustainability
With efforts to improve environmental sustainability at a corporate level, JAT Holdings, Sri Lanka’s trusted household name for wood coating products, currently stands as the first paint company in...
View ArticleWellness: The New Paradigm in Sri Lanka Tourism
Exploring the untapped potential of Sri Lanka’s wellness sector through a live and interactive three–part webinar series. 03rd, 07th, 10th July 2020 15:00 – 16:00 Sri Lanka Time | 10:30 – 11:30 BST |...
View ArticleKarthik Elangovan appointed Executive Director at Citizens Development...
Citizens Development Business Finance PLC (CDB) announced the appointment of Mr. Karthik Elangovan Chief Officer Corporate Affairs, as an Executive Director with effect from July 1, 2020. He is a...
View ArticleEmirates announces addition of seven more cities to its list of passenger...
Seven new destinations across Europe, Africa, Middle East and Asia commencing in July Emirates’ network now spans 48 cities Dubai, UAE, 26 June 2020 – Emirates will be offering scheduled flights for...
View ArticleDumith Fernando appointed as New CSE Chairman
The Colombo Stock Exchange (CSE) is pleased to announce the appointment of Mr. Dumith Fernando as the Chairman of the Board of Directors of the CSE with effect from 01st July 2020. Mr. Fernando has...
View ArticleHuawei launches multiple smart devices in Sri Lanka at mega online launch
Including the most awaited Y6p with 4 GB RAM + 64GB storage Huawei, the innovative smartphone manufacturer recently launched multiple smart devices namely Huawei Y6p, Y5p, Huawei MatePad T 8, Huawei...
View ArticleComBank conducts 51st AGM on virtual platform
The 51st Annual General Meeting (AGM) of the Commercial Bank of Ceylon PLC, Sri Lanka’s benchmark private bank, was conducted on a virtual platform for the first time on Thursday, 25th June 2020. This...
View ArticleCompensation Payments to the depositors of The Finance Company PLC – Second...
The Central Bank of Sri Lanka (CBSL) has taken measures to commence the second stage of the compensation payments to the depositors of The Finance Company PLC (TFC) with effect from 02.07.2020....
View ArticleCoca-Cola says pausing social media advertising
San Francisco (AFP) – Coca-Cola, a major force in global advertising, announced Friday it would suspend ads on social media for at least 30 days, as platforms face a reckoning over how they deal with...
View ArticleZuckerberg Loses $7 Billion as Firms Boycott Facebook Ads
Bloomberg – Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network. Shares of the social media company fell 8.3% on Friday, the...
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