Sampath Bank Launches Innovative Mini-POS Solution, Empowering SMEs
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Responding to the increasing demand for digital payment solutions within the small and medium-sized enterprise (SME) sector, Sampath Bank is the first bank in Sri Lanka is set to launch a MiniPOS device.
Mastercard partners with LankaPay to strengthen the cybersecurity infrastructure
Mastercard has partnered with LankaPay, Sri Lanka’s national payment network, to further strengthen the cybersecurity infrastructure of the country’s financial services sector via the Financial Sector Computer Security Incident Response Team (FinCSIRT).
Finance Ministry to strengthen key reforms in State owned banks
Finance Ministry is to introduce Specific reforms include new business models for Bank of Ceylon and People’s Bank and Capital Adequacy for the two State giants;
Sri Lanka rubber sector collapse to worsen with wage hike order: official
Sri Lanka’s rubber production, which has collapsed over the last decade, will get into a deeper crisis due to mandated wage hike which will increase loss, an industry official said after the tea industry also protested the move.
Pro-ISIS threat ahead of India-Pakistan T20 World Cup clash in New York
There are renewed fears of terrorist attacks at this year's T20 World Cup after a chilling poster was released hinting at bloodshed in New York.
US billionaire plans submersible trip to Titanic wreck
A US luxury real estate billionaire and a deep-sea explorer are planning to travel in a submersible to explore the Titanic.
President asserts no polls postponement
Parliamentarians from all parties desperately attempted to reach the President to seek more clarity on this statement
Social security benefits to be introduced for all workers over 55 years
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Social security benefits will be extended to all workers aged 55 and above across vaious industries Labour and Foreign Employment Minister Manusha Nanayakkara announced revealing that that the Cabinet has approved a proposal to provide those benefits.
Two state owned fertilizer companies to be merged introducing staff retirement scheme
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A compulsory retirement scheme is set to be implemented in connection with the amalgamation of the Ceylon Fertilizer Company Limited and the Colombo Commercial Fertilizer Company Limited.
Central Bank maintains policy Interest rates at their current levels
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The Central Bank of Sri Lanka has decided to maintain policy interest rates at their current levels. Accordingly It will maintain Standing Deposit Facility Rate (SDFR) - 8.50% ,Standing Lending Facility Rate (SLFR) - 9.50% and Statutory Reserve Ratio (SRR) - 2.00% levels.
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The railway service in the country is currently in a critical situation, and efficient train usage requires significant investments, Cabinet Spokesman and Transport Minister Bandula Gunawardana said.
More than half of Sri Lanka Transport Board bus fleet expired life span
52 percent of buses belonging to Sri Lanka Transport Board (SLTB) have expired their life span. Transport Minister Bandula Gunawardane revealed
Indians running IT firm with visit visa apprehended
A group of Indian nationals who were illegally running an IT based firm in Colombo 7 on mere visit visas to remain in Sri Lanka was taken into custody by the Department of Immigration and Emigration.
Indians running IT firm with visit visa apprehended
A group of Indian nationals who were illegally running an IT based firm in Colombo 7 on mere visit visas to remain in Sri Lanka was taken into custody by the Department of Immigration and Emigration.