A fake report about a new cyber heist in Bangladesh Bank (BB) has hit news headlines in some media outlets in Bangladesh and some foreign countries. News coverage about the latest false rumour on cyber heist blames officials of the central bank of Bangladesh and aims to malign the Bangladesh government. It may be recalled […]

The Sri Lankan Foreign Ministry, in a hard-hitting statement alleged yesterday that repeated statements by Canadian Prime Minister Justin Trudeau with regard to Sri Lanka are the outcome of electoral vote bank politics there, funded by a small number of Canadians of Sri Lankan origin with vested and personal interests. The Ministry alleged Premier Trudeau’s […]

By Sanath Nanayakkare The barriers to financial inclusion have been a longtime problem in Sri Lanka as financial literacy has thus far been the prerogative of only the nation’s affluent customers. However, eventually the Central Bank of Sri Lanka, 40 other national institutions, the public and private sector of the country along with the United […]

The MCA “G” division 25 – Over League Tournament 2024, last of the main tournaments in the MCA 2024 season, sponsored by Stafford Motor Co. (Pvt.) Ltd for the 13th successive year, got underway on the 4th of May The MCA – Stafford Motor Company partnership is the 3rd longest running sponsorship with the highest […]

Pan Asia Bank is happy to announce that it has formed a new agreement with Wogi, a Global Digital Platform of loyalty and digital incentives. This partnership aims to provide greater customer engagement through customer rewards, which in turn advances our mission to offer consumers cutting-edge, environmentally friendly banking products throughout Sri Lanka.  “In Pan Asia Bank, we always put...

Sarvodaya founder Dr. A.T. Ariyaratne was posthumously awarded the Prestigious Legendary Social Entrepreneur Award by the Global CEO Forum recently in recognition of his lifelong commitment to community empowerment and peace-building. Neetha Ariyaratne, the widow of the Sarvodaya founder, collected the award from Prime Minister Dinesh Gunawardena. Minister of Health and Industries Dr. Ramesh Pathi...

United Republic Front leader MP Patali Champika Ranawaka on Sunday said that President Ranil Wickremesinghe was not in a position to dissolve Parliament even if a resolution was passed with 113 votes of MPs in Parliament to that effect. Addressing a ceremony held to open a URF office in Matara, Ranawaka said that the incumbent […]

Siyapatha Finance PLC, a subsidiary of Sampath Bank PLC and a prominent leader distinguished in Sri Lanka’s non-bank financial sector, announced its decision to raise Rs. 4 billion through its debenture issue. The Board of Directors of Siyapatha Finance PLC approved the decision to raise funds through the issuance of listed, rated, senior, unsecured, redeemable […]

President Ranil Wickremesinghe has directed the resumption of the “Suraksha” student insurance program, which was temporarily suspended due to economic challenges. Starting from the first week of June, all school students across the island will once again be able to benefit from this insurance scheme. The Cabinet recently approved a Joint Cabinet Memorandum presented by […]

by Neville Ladduwahetty The question cited above was the title of an article published in Ceylon Today by N. Sathya Moorthy (SM), who identifies himself as a Chennai based Policy Analyst/Political Commentator (Friday 10, 2024).The answer to his question is – NOT YET. For the present, stealing is limited to marine assets and the destruction […]

Chinese President Xi Jinping had upon taking office a decade ago vowed to end corruption but now many of its close associates and leaders of China Communist Party (CCP) are facing serious graft charges. Former vice-justice minister Liu Zhiqiang is the latest addition to the list, who is now subjected to “disciplinary review and supervisory […]

Sampath Bank posted a profit before tax (PBT) of Rs 6.2 billion and a profit after tax (PAT) of Rs 3.4 billion for the three months ended 31st March 2024, notwithstanding an exchange loss of Rs 4.3 billion due to the appreciation of the LKR against the USD by Rs 23.70. These figures signify growth […]

During the first quarter of 2024, Bank of Ceylon demonstrated impressive growth and resilience, achieving a Profit Before Tax (PBT) of Rs. 9.3 billion, a substantial increase compared to the previous year, illustrating its dedication in challenging economic conditions. As favorable conditions emerge, the Sri Lankan economy is expected to achieve moderate growth in 2024, […]

The Commercial Bank of Ceylon Group has ended the first quarter of 2024 with a loan book of Rs 1.316 trillion, continuing the Bank’s focus on lending in a period where the appreciation of the Rupee negatively impacted the value of the loan book and resulted in a contraction of the balance sheet. The Group […]

The government was in overdrive to please the MPs who supported it while hoodwinking people with promises, SLPP dissident MP Chandima Weerakkody told Parliament on Monday. MP Weerakkody said that President Ranil Wickremesinghe had claimed that it had no funds to increase the salaries of state workers and they had to wait until next year. “All these […]

SJB and Opposition Leader Sajith Premadasa yesterday called on the government to take stringent action against those engaging in pyramid scams in Sri Lanka. Premadasa said that ‘OnmaxDT’, a private firm was involved in a pyramid fraud of US$ 100 million in Sri Lanka. ‘OnmaxDT’ is among nine entities banned by the Central Bank of Sri Lanka in August […]

In the bustling heart of Ja-Ela, Moose Clothing Company stands tall as a beacon of creativity, technical expertise, and workmanship. Established in 2018 with a vision to redefine Sri Lanka’s fashion landscape whilst bridging the gap between affordability and accessibility to good quality fashion, Moose Clothing Company has now embarked on a journey that transcends […]

The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to implement a voluntary retirement scheme (VRS)  for employees of the Sri Lanka Savings Bank. A payment is to be made to employees who retire voluntarily. The Sri Lanka Savings Bank became […]