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CBSL ups key interest rates in wake of US Fed. Reserve's rate hike


The Central Bank's  Monetary Board decided to increase key policy interest rates of the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 25 basis points each.

"Accordingly, SDFR and SLFR will be increased to 7.25 per cent and 8.75 per cent,respectively, with effect from March 24 because we were compelled to increase them  because of the  US Federal Reserve Bank's  rate hike at 0.50, coupled with results of the country's drought condition. If not it would create a major economic crisis,  CBSL Governor Dr. Indrajith Coomaraswamy  said at the CBSL's monthly review meeting at Central Bank Auditorium yesterday.


CSE turnover tops Rs. 1 bn following CBSL rate decisions

The Colombo Stock Exchange (CSE) recorded a fairly satisfactory turnover of Rs. 1.91 billion yesterday against the backdrop of the Central Bank of Sri Lanka’s (CBSL) Monetary Board deciding to increase its policy interest rates by 25  basis&...

Aitken Spence Cargo enters supply chain services contract with American & Efird Lanka


Aitken Spence Cargo, the pioneering freight forwarder is driving the expansion of its vertical-based business solutions in areas of apparel, food and beverage, rubber-based manufacture, consumer durables and project cargo logistics. As a part of the...

Sri Lankan economy grew by 4.4 per cent in 2016


As per the provisional estimates of the Department of Census and Statistics (DCS), the Sri Lankan economy grew by 4.4 per cent in real terms during 2016 compared to the growth of 4.8 per cent in 2015. Within this annual growth, Industry related acti...

Celebrate with SampathCards this Avurudu


Always at the forefront in bringing its customers the very best of benefits, SampathCards continues its tradition of giving cardholders more opportunities to enhance their lifestyle during the Sinhala and Tamil New Year celebrations.


Gartner’s Magic Quadrant for Sales Force Automation

Salesforce, the Customer Success Platform and world's #1 CRM company, announced that for the 10th consecutive year, Salesforce has been positioned by Gartner, Inc. as a Leader in the August 2016 Magic Quadrant for Sales Force Automation (SFA). Sale...

Sri Lankans vote Dialog, Telecom and Internet Service Provider of the Year once again


Sri Lankan consumers once again voted Dialog as the Telecom Service Provider and Internet Service Provider of the Year at the prestigious SLIM-Nielsen People’s Awards 2017.

The People’s Awards are based on the feedback and votes of...

National Chamber commends National Honour Awards

These awards were bestowed on the awardees , under the patronage of President Maithripala Sirisena, recently at the Nelum Pokuna. It is noteworthy to mention that the National Honour Awards were conducted after 12 years. As a Business Chamber, we ex...

SAP.iO Fund to Drive Startup Innovation

SAP SE (NYSE: SAP) today announced the SAP.iO Fund, seeded with an initial investment of US$35 million, to make early-stage investments in software startups that will expand the SAP® ecosystem. The fund is just one component of the SAP.iO open i...

Bernard Botejue joins hands with ReForest Sri Lanka for a greener tomorrow


A large scale environmental project was witnessed in Ratnapura recently, spearheaded by the oldest apparel manufacturing company in Sri Lanka. Implemented under its key annual CSR initiative, Bernard Botejue Industries (Pvt.) Ltd. joined hands with ...

Odiliya Residencies set off the ground breaking for ALTEZZA Wattala


ODILYA Residencies (Pvt) Ltd, the latest addition to the Odiliya Group held the ground breaking ceremony for the construction work of Altezza luxury apartments amongst some distinguished guests, customers, staff and well-wishers on 23rd March 2017 a...

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