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DFCC Bank strikes deal to take over Standard Chartered's Sri Lanka retail operations

Srilanka, Nov. 13 -- Sri Lanka's banking sector yesterday saw a major announcement with DFCC Bank PLC unveiling plans to acquire the wealth and retail banking business of Standard Chartered Bank (SCB)... Read More


New political movement 'Bahujana Balaya' launched

Srilanka, Nov. 12 -- A new political movement named Bahujana Balaya (People's Power) was launched on Tuesday with the aim of uniting young leaders from across the political spectrum to promote citizen... Read More


Prasanna Ranatunga released on bail

Srilanka, Nov. 12 -- Former Minister of Tourism and Aviation Prasanna Ranatunga, who was arrested today by the Commission to Investigate Allegations of Bribery or Corruption, was released on bail by C... Read More


Birth certificates to be delivered via post under new project

Srilanka, Nov. 12 -- Sri Lanka today launched a pilot project to deliver national birth certificates directly to citizens through the Sri Lanka Postal Courier Service, the Department of Registrar Gene... Read More


President calls for swift implementation of Unique Digital Identity project

Srilanka, Nov. 12 -- President Anura Kumara Dissanayake has emphasized the need to expedite the Sri Lanka Unique Digital Identity (SLUDI) project and strengthen the nation's overall digital economy fr... Read More


President condoles victims of Islamabad attack

Srilanka, Nov. 12 -- President Anura Kumara Dissanayake expressed deep sorrow over the attack in Islamabad yesterday, extending his heartfelt condolences to the families of the victims and wishing the... Read More


5,000 coconut trees to be destroyed to contain root wilt disease

Srilanka, Nov. 12 -- Colombo, Nov. 12 (Daily Mirror) - The Coconut Cultivation Board (CCB) has decided to cut down and destroy around 5,000 coconut trees in the Matara District due to the rapid spread... Read More


DFCC Bank September soars on higher loans, lower impairments

Srilanka, Nov. 12 -- As the September quarter earnings season has entered its final stretch, DFCC Bank PLC reported some solid numbers for the three months, supported by the robust growth in new loans... Read More


BYD's Denza drives into Sri Lanka with luxury lineup in South Asia debut

Srilanka, Nov. 12 -- China's electric vehicle (EV) giant BYD is setting its sights on Sri Lanka's high-end automobile market with the official launch of its premium sub-brand Denza today, marking the ... Read More


Tax experts say lower VAT threshold could strain market

Srilanka, Nov. 12 -- The reduction of Sri Lanka's Value Added Tax (VAT) and Social Security Contribution Levy registration thresholds from Rs.60 million to Rs.36 million per year is expected to have a... Read More