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Safer roads to add over USD1 Tn to South Asian economies

Sri Lanka, Feb. 24 -- South Asia's eastern subregion, comprising Bangladesh, Bhutan, India, and Nepal, needs to invest an estimated extra $118 billion in road safety over the next decade to halve its ... Read More


DFCC records Rs.2.8Bn PAT in 2019

Sri Lanka, Feb. 24 -- DFCC Bank, the largest entity within the group recorded a profit after tax (PAT) of Rs 2,828 million for the year ended December 31, 2019 excluding the fair value loss on Commerc... Read More


Sri Lanka headline inflation increased in January

Sri Lanka, Feb. 24 -- Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index has increased to 7.6 percent in January from 6.2 percent in December, t... Read More


Central Bank to introduce cost-reflective benchmark interest rate instead of SLIBOR

Sri Lanka, Feb. 24 -- The Monetary Board of Sri Lanka's Central Bank has decided to discontinue the compilation of SLIBOR with effect from 01 July 2020. The Central Bank will continue to publish SLIB... Read More


Seylan Bank closes 2019 with Rs3.68Bn profit; crosses Rs500Bn in total assets

Sri Lanka, Feb. 24 -- In the backdrop of challenging external environment, Seylan Bank recorded a profit after tax of Rs.3.68 Bn for the year ended 31st December 2019. Successful and oversubscribed R... Read More


SLPA signs consultancy deal to conduct feasibility for Colombo North Port

Sri Lanka, Feb. 24 -- Sri Lanka Ports Authority (SLPA) has signed the consultancy service agreement to conduct a feasibility study for the proposed Colombo North Port development project. SLPA said i... Read More


Security structure of APAC cannot be duplicated in Indian Ocean: RW tells India

Sri Lanka, Feb. 24 -- The security structure of the Asia Pacific cannot be duplicated in the Indian Ocean as the region has avoided such alliances, unlike the Asia Pacific whose security structure has... Read More


Mobitel introduces latest Apple iPad 2 and watch

Sri Lanka, Feb. 24 -- As the authorized reseller for apple devices ranging from iPhones, iPads, Apple watches, Mobitel is introducing the next generation Apple iPads and Apple Watch Series 5 to the lo... Read More


Foreign Ministry ensures welfare of Lankans following COVID-19 concerns in S Korea

Sri Lanka, Feb. 22 -- The Ministry of Foreign Relations in coordination with the Sri Lanka Embassy in Seoul has been closely monitoring and coordinating efforts to ensure the safety of Sri Lankans res... Read More


Private sector keen to join mobilization of domestic investment for SDGs

Sri Lanka, Feb. 22 -- For mobilizing domestic investment for the Sustainable Development Goals (SDGs), the Government needs to develop different schemes of blended finance, non-state budget investment... Read More