Rising Auction Yields Impact in Sri Lanka Finance
In the intricate world of finance, Sri Lanka’s financial markets have demonstrated a palpable sensitivity to the trends of monetary policy impacts, particularly evidenced in changes to bond investments and government bonds. A critical examination of market trends over a turbulent decade from 2000 to 2009 unveils a nuanced portraitContinue Reading
Sri Lanka & Digital Currencies: Regulatory News Update
In a significant evolution within the financial landscape of Sri Lanka, recent discussions at the Committee on Ways and Means have unearthed pivotal transitions in the realm of digital finance. With a firm eye on the future, the Central Bank of Sri Lanka is steering the nation towards the adoptionContinue Reading
Anna-Marie Ondaatje to grace Asian Games for Sri Lanka
Anna-Marie Ondaatje will represent Sri Lanka in the Rythmic Gymnastics event, at the Asian Games 2018 in Jakarta, Indonesia. Ondaatje represented Sri Lanka previously at the Gold Coast 2018 Commonwealth Games, where she finished in 11th position out of 16 in the Women’s individual all round finals, and became the firstContinue Reading
Survey Department revises country’s map after 18 years
The Sri Lanka Survey Department (SLSD), the national surveying and mapping organisation under the Ministry of Land and Land Development, has taken steps to revise the geographical map of the country after 18 years. The new map of Sri Lanka consisting of 92 maps in a 1:50,000 ratio is inContinue Reading
Genelle’s Flagship Store in Colombo | Exclusive Shopping
The unveiling of Genelle’s Flagship Store in the refined corridors of Horton Place marks a defining chapter in the landscape of luxury fashion in Sri Lanka. For connoisseurs of exclusive style, this latest addition embodies a unique blend of artisan craftsmanship and trending aesthetics, promising an exceptional high-end shopping experience.Continue Reading
People’s Bank Leads with 2M+ Digital Banking Users
In a groundbreaking achievement demonstrating digital banking leadership, People’s Bank has proudly announced the significant hallmark of acquiring over 2 million customer registrations. This record-setting accomplishment not only highlights People’s Bank’s prime position in Sri Lanka’s financial technology landscape but also underpins its unwavering commitment to digital transformation. As theyContinue Reading
Amana Bank Opens in Atulugama – New Branch Alert!
With a progressive approach to expanding financial inclusivity within Sri Lanka, Amana Bank has proudly opened its doors to the vibrant community of Atulugama. This strategic move unveils an opportunity for local residents and businesses to access a broad spectrum of banking services right in the heart of their locality.Continue Reading
Sri Lanka’s Smooth IMF Review Ensures Stability
The International Monetary Fund (IMF) has recently concluded a decisive first review under the Extended Fund Facility (EFF) with Sri Lanka, marking a significant step towards bolstering the already resilient Sri Lanka economy. The immediate release of SDR 254 million, roughly equivalent to USD 337 million, reflects the Fund’s confidenceContinue Reading
Colombo Reacts to 18% VAT Hike Amid Economic Challenges
The start of 2024 brought with it a significant shift in Sri Lanka’s tax landscape, most notably marked by the leap in Value Added Tax (VAT) from 15% to now 18%. This government tax policy decision aims to increase state revenue and align with economic restructuring needs. However, **Colombo ReactsContinue Reading
Macktiles Expands Reach with Tile Exports to Indonesia
Marking a pivotal shift in international commerce, Macktiles Lanka (Private) Limited, the titan of Sri Lanka’s tile manufacturing realm, has fortified its global footprint by foraying into the Indonesian tile industry. The renowned enterprise, long-standing as the leading tile exporter in Indonesia, ushers in a new era of trade, vividlyContinue Reading
Rishini Weeraratne Wins Digital Media Leadership Award
In the illustrious arena of global professional accolades, a spotlight has shone upon Rishini Weeraratne as she triumphantly secures the ‘Leadership in Digital Media Award’ at the acclaimed Top 50 Professional and Career Women’s Global Awards 2023. Representative of the highest echelons of excellence, Wijeya Newspaper’s Rishini Weeraratne stands asContinue Reading
Why Digital Economy Boosts Sri Lanka’s Growth
The unprecedented digital transformation in Sri Lanka is a cornerstone for the country’s burgeoning economic landscape. This evolution has pushed Sri Lanka to the forefront of South Asia’s digital revolution, leveraging the benefits of the digital economy to catalyze sustainable economic growth and societal progress. It’s this momentum in theContinue Reading
Honor X9b Smartphone Debut at Singer Sri Lanka
The launch of the Honor X9b at Singer Sri Lanka heralds a new chapter for smartphone enthusiasts across the nation. This latest entrant in the Honor smartphone series brings forth a blend of innovation and sophistication to the mobile market. Reflecting Honor’s commitment to excellence, the Honor X9b promises toContinue Reading
HelaPay Hits Rs.1bn in Transactions in 2 Years
Engraving its success story in the sands of time, HelaPay, a leading digital payment platform in Sri Lanka, has marked a significant milestone accomplishment. In an industry where growth is often measured in incremental strides, achieving an online transaction record such as crossing Rs.1 billion within two years of operation,Continue Reading
Optometric Assoc. Launches New Arm in Sri Lanka
In an age where visual acuity is paramount, Sri Lanka witnesses a monumental milestone with the establishment of the College of Optometry & Vision Science (COVS) by the Sri Lanka Optometrist Association (SLOA). Officially commencing its journey on January 21, 2024, COVS emerges as a beacon of optometric education poisedContinue Reading
Registration of Persons Dept initiates one-day service for student IDs
The Department of Registration of persons has facilitated a one-day service for students sitting for the upcoming Ordinary Level Examinations to obtain their ID cards. Commissioner General Viyani Gunathilake said that IDs could be obtained at the main office of the department on November 25. The Commissioner General notes thatContinue Reading
Lenovo Boosts Digital Sri Lanka with AI Tech
Amidst the bustling digital revolution, Lenovo emerges as a transformative force in Sri Lanka, fervently bolstering the nation’s journey towards a tech-savvy future. Demonstrating unwavering commitment, Lenovo’s recently inaugurated experience store hums with the promise of innovation, becoming a tangible testament to the brand’s influential role in unleashing AI forContinue Reading
Ward Place closed due to students’ protest
Ward Place in Colombo has been closed for traffic from Town Hall due to a protest by university students, Ada Derana reporter said. The Inter University Students’ Federation (IUSF) organised the protest march in Colombo today (21), demanding solutions for the issues of South Eastern University students. The agitation isContinue Reading
State Defense Ministry Cyber Operations Center opens at Air Force Headquarters
Ministry of Defense Cyber Operations Centre at Sri Lanka Air Force (SLAF) Headquarters was declared open by the Secretary to the Ministry of Defense Kapila Waidyaratne on Monday on the invitation of the Commander of the Air Force Air Marshal Kapila Jayampathy. The visiting Defense Secretary was welcomed to theContinue Reading
Dull Market Sentiment Impact on Sri Lanka Economy
In the wake of successive crises, the financial outlook for Sri Lankan citizens continues to be challenging. The economic trends in Sri Lanka signal a cautious approach by consumers, who have seen their disposable income shrink considerably, compelling them to alter their spending habits. This prudent shift in the SriContinue Reading