Container Freight rates increased
The All Ceylon Container Carrier Owners’ Association (ACCCOA) has increased the import and export container shipping charge by 65%. The decision has been taken considering the price increase of vehicle…
RemitBee looks to Fund Entrepreneurs after making its maiden Start-up Funding in Sri Lanka
RemitBee, an online money transfer and currency exchange startup’s Financial Empowerment Fund, is currently accepting applications for new ventures after making its first investment in Sri Lanka-based Start-up. The company…
CBSL launches a booklet on payment instruments and infrastructures in Sri Lanka
Catering to the need of a local publication on payment services to educate the public, the Central Bank of Sri Lanka (CBSL) released a booklet, “A Guide to payment services…
Netizens ask Elon Musk to buy Sri Lanka and name it ‘Ceylon Musk’ instead of buying Twitter
Elon Musk, who is famous as the Tesla CEO and an active user of Twitter, offered to buy Twitter for $43 billion. He also said the social media company ”needs…
No stock market operations this week
The Colombo Stock Exchange (CSE) will not be operating on 11th and 12th April with the Government having declared special public holidays. It would mean that the stock market will…
Sri Lanka crisis unlikely to have significant impact on IT operations, say experts
(Moneycontrol)- Sri Lanka’s economic crisis is unlikely to have a significant impact on IT players such as HCL Tech and Virtusa, as the island nation’s contribution to the industry is…
Sri Lankan Airlines to increase scheduled flights for summer 2022
Sri Lankan airlines is set to increase the number of flight schedules by 40 per cent to cater to the increasing demand for air travel. Accordingly, Sri Lanka will be…
IMF status update on Sri Lanka’s current situation
The International Monetary Fund (IMF) issuing a statement has said that it continues to monitor the economic developments of Sri Lanka very closely. IMF Sri Lanka mission chief Masahiro Nozaki…