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Maldivian police remove one among the opposition members who tried to enter Parliament that remains closed following the state of emergency in Male.

CBSL opposes govt. move

to set up hybrid company


Many an eyebrow has been raised by a government move to set up a hybrid company as part of the controversial National Payment Platform (NPP) to facilitate ‘single button transactions’.

Central Bank Governor Dr. Indrajith Coomaraswamy has written to E. M. S. B. Ekanayake, Secretary to Prime Minister Ranil Wickremesinghe, that there is no need for setting up a separate hybrid company to handle clearing of retail payments. He has said the Central Bank of Sri Lanka (CBSL) owned national payment infrastructure provider, LankaClear (Pvt) Ltd. together with licensed commercial banks, is currently handling the task.

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UNP, SLFP patch up after bruising tussle

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After over a week of simmering political turmoil in the wake of humiliating drubbing received by the two ruling parties at Feb. 10 local government polls, the UNP-SLFP coalition yesterday indicated that they were ready to continue with the yahapalan...

Sampath Bank’s profit-after-tax tops Rs. 12bn

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Sampath Bank posted a Profit After Tax (PAT) of Rs 12.1 bn for the year ended 31st December 2017, an impressive 32.7% YoY growth compared to Rs 9.1 bn recorded in the previous year. Similarly, Profit Before Tax (PBT) too grew by 31.8% YoY to reach Rs 1...

The 99 dilemma

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If you are a Sri Lankan you are not immune to the 99 dilemma. It’s inescapable. There is no end to examples for the power of 9’s hold on you. From flip flops to undies, anything could cost something 99, either 299, 399, 499 and so goes t...

    Mendis was used as opener for tactical reasons – Samaraweera

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    Sri Lanka’s Batting Coach Tilan Samaraweera shedding light into the decision to open the batting with young Kusal Mendis during the just concluded tour of Bangladesh said that it was more a tactical decision and wasn’t sure whether Sri L...

     
     
     
     
     
     
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