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The Central Bank of Sri Lanka (CBSL) has issued a commemorative coin in the denomination of Rupees 20 to mark its 70th Anniversary.
Colombo (News 1st); To mark its 70th Anniversary, the Central Bank of Sri Lanka has decided to issue an uncirculated commemorative coin in the denomination of Rupees 20 with the following key features. The Central Bank of Sri Lanka (CBSL) commenced operations in August 1950 and completed 70 years of its unique and valued contribution to […] CBSL ISSUES UNCIRCULATED COIN TO MARK 70TH ANNIVER...
Seylan Bank, the bank with a heart focused on providing its customers with an exceptional banking experience, further expanded its footprint across the island by installing a new ATM unit at No. 207, Saranankara Road, Dehiwala in December 2020. The location is central and provides customers with easy access to the ATM to fulfil their […] The post Seylan Bank installs new ATM in Dehiwala firs...
[…] The post SEC Plans Further Action Against MTD Walkers PLC appeared first on Colombo Telegraph.
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DFCC Bank, one of the island’s fastest growing premier commercial banks, has continued to reaffirm it’s promise as the ‘Bank for Everyone’, through it’s “DFCC Vayapara Athwela” Online Entrepreneurial Skills Development Programme. The initiative was launched with the focus of enlightening and inspiring entrepreneurs,SMEs and the general public to receive inspiration, while also enhancing their [...
Who are eligible to obtain housing loans under the terms of this Order? Salaried employees serving in confirmed service in the public and private sectors, obtaining new mortgage-backed housing loans from a licensed bank under the terms of this Order, with effect from 10 December 2020. What other conditions are to be met to be […] Want to get a Mortgage-backed Housing Loan? This is what you ...
[…] The post Presentation At Webinar Hosted By NSF: Technology & Sri Lanka’s Future appeared first on Colombo Telegraph.
Photo courtesy of New Indian Express The currently available Covid-19 vaccines have been authorized for emergency use in Europe and North America. This is due to what has been termed a health...
COLOMBO(News 1st): The Asian Development Bank has approved a loan to Sri Lanka, to purchase approximately 25 million vaccines. The Secretary to the Treasury confirmed that the relevant documentation for the granting of the first installment of USD 84 Million, has been exchanged between the Finance Ministry and the Asian Development Bank. It was also noted […] ADB approves loan to procure CO...
[…] The post Why Yuan Can’t Replace Dollar As The Global Currency appeared first on Colombo Telegraph.
The Central Bank of Sri Lanka says it is of the view that the recent increase in volatility of the exchange rate is unwarranted and unacceptable.
COLOMBO (News 1st): Development of the Kankesanthurei Port will commence in early 2021, Chairman of the Ports Authority Retired General Daya Ratnayake confirmed. Development work of the Port will thereafter be complemented within two years. The Kankesanthurai Port is to be restored utilizing funds received from loans worth $45 million, obtained from the Exim Bank of […] India takes up the r...
The selling rate of the Sri Lankan Rupee hit Rs 193.05 against the US dollar today (24), central bank data show. The post Sri Lankan Rupee depreciates against the US dollar appeared first on ONLANKA... Click on the headline to read the full story
COLOMBO (News1st): The selling rate of the Sri Lankan Rupee hit Rs 193.05 against the US dollar on Wednesday, central bank data show. The latest depreciation of the rupee began last Thursday as its selling rate crossed Rs 190 for the first time since March 24 this year. During the initial outbreak of COVID-19 in […] Sri Lankan Rupee depreciates against the US dollar
[…] The post Regime Failure, Grassroot Anger & Ineffective Opposition appeared first on Colombo Telegraph.
December is the month for enjoyment, pleasure and quality time with family and friends. The joyful spirit of this season often revolves around the tradition of gifting, which brings out feelings of happiness, love and appreciation towards loved ones. Nations Trust Bank American Express has partnered up with a range of retail & shopping, wellness […] The post Comfort and Joy this Season w...
Persistent foreign fund inflows on the back of bullish global cues will strengthen the rupee during the upcoming week, analysts said. Besides, lesser intervention from the Reserve Bank of India is expected after it was called out by the US Treasury Department to curtail its market activities. “RBI intervention is keeping the rupee stable, as […] The post Strong capital inflows to furth...
COLOMBO (News1st): The government has begun talks with the World Bank to obtain a soft loan worth Rs 10 billion to purchase vaccines against COVID-19, the Sunday Times newspaper has reported. It is also looking at the possibility of obtaining funding from the Asian Development Bank and the European Union for this purpose, the report citing […] Sri Lanka seeks World Bank loan to purchase COV...
[…] The post A Child’s Guide To Modern Monetary Theory: Keynesianism In An Old Bottle? appeared first on Colombo Telegraph.
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Photo Courtesy of Women Missing Voices “After the war in 2009, society became divided into two. There was hate propaganda on the internet. Sinhalese got together and wanted to boycott Muslims shops…...
The Central Bank of Sri Lanka said that one of its employees tested positive for COVID-19 on 19 November 2020. The employee is now under medical care. Acting swiftly following this incident, the Central Bank said that it implemented all necessary measures to prevent contagion, including rigorous sanitisation and disinfection of its Head Office premises, […] The post Central Bank employee inf...
[…] The post (Mis)understanding Of The Budgets! appeared first on Colombo Telegraph.
The Central Bank of Sri Lanka (CBSL) says one of its employees was tested positive for Covid-19 on Thursday (19).
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
Photo courtesy of Sri Lanka Foundation “Ever since we arrived on this planet as a species, we’ve cut them down, dug them up, burnt them and poisoned them. Today we’re doing so...
[…] The post A Populist Budget Risking Higher Debt appeared first on Colombo Telegraph.
Colombo (News 1st); Former JVP Parliamentarian Sunil Handunnetti alleged the government does not have any proposal to generate income for the expenses mentioned in the 2021 Budget. He said even though the government proposed to generate tax revenue, it does not specify the program it would implement to generate such revenue. Sunil Handunnetti further said in […] SL won’t be able to s...