Sampath Bank launches PayPal integration to expand global payment access for Sri Lankans
Amir Valliani, Vice President and General Manager of PayPal and Sanjaya Gunawardana, Managing Director/Chief Executive Officer of Sampath Bank PLC, at the official signing ceremony for the PayPal integration via Sampath Vishwa Sampath Bank PLC has become the first bank…
How SL rupee recovered rapidly : CBSL explains
Following a week of sharp fluctuations in the foreign exchange market, Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe explained the mechanics behind the sudden overnight drop in the US Dollar rate, attributing the stabilization to targeted interventions…
Funds available for PC polls, legal issues remain: Cabinet Spokesman
Cabinet Spokesman Minister Nalinda Jayatissa says funds have been allocated for the conduct of the Provincial Council elections, dismissing claims that the polls cannot be held this year due to a lack of finances. He made these remarks at today’s…
Cabinet approves sale of 115,000 metric tons of PMB paddy stocks
The Cabinet of Ministers has approved the sale of paddy stocks currently held by the Paddy Marketing Board (PMB). The approval was granted following a proposal submitted by the Minister of Agriculture, Livestock, Lands and Irrigation. According to the Department…
NHDA introduces first-ever promotional exam for employees
The National Housing Development Authority (NHDA) has introduced a promotional examination for its employees, creating opportunities for more than 1,000 staff members to secure grade promotions within their respective salary categories. According to the NHDA, the program has been introduced…
Iran says it shot down US MQ-9 drone after airspace violation
Iran’s Islamic Revolutionary Guard Corps (IRGC) says it has shot down a US MQ-9 Reaper drone after it allegedly violated Iranian airspace, according to state media reports. The IRGC claimed the aircraft was identified as a “hostile drone” and downed…
Customs using Rs. 351.17 per dollar despite lower market rate: Free Lawyers
The Free Lawyers organization has raised concerns over the exchange rate being used by the Sri Lanka Customs Department, claiming it is higher than the prevailing nominal market exchange rate announced by the Central Bank of Sri Lanka (CBSL) and…
What caused the sudden turnaround in the Rupee?
Advocata Institute CEO Dhananath Fernando says the recent depreciation of the Sri Lankan Rupee against the US Dollar has begun to reverse, with the currency gradually strengthening again since last Thursday. Speaking on the recent movements in the foreign exchange…
12-hour water cut in Mahara, Gampaha tomorrow
The National Water Supply and Drainage Board (NWSDB) says a 12-hour water cut will be imposed in the Mahara and Gampaha Pradeshiya Sabha areas tomorrow (27) due to essential maintenance work linked to the relocation of water pipelines for the…
CBSL says interest rate hike aimed at easing inflation risks, impact on economy
The Central Bank of Sri Lanka (CBSL) has stepped in with “small interventions” to counter excessive demand due to market speculation and smooth out sharp exchange rate fluctuations observed last week, Central Bank Governor Dr. Nandalal Weerasinghe said. Speaking on…