Disgruntled depositors of now defunct Swarnamahal Financial Services PLC (SFSP) will begin receiving the increased compensation of Rs.500,000 each from Monday 10 via Peoples Bank branches countrywide, Central Bank announced.

Private sector employees are to be given pension rights under a new move by the government to amend the Employment Provident Fund Act.

Disgruntled depositors of now defunct Swarnamahal Financial Services PLC (SFSP) will begin receiving the increased compensation of Rs.500,000 each from Monday 10 via Peoples Bank branches countrywide, Central Bank announced.

The Central Bank will begin the additional payment of Rs. 500,000 among the eligible

Sri Lanka’s government debt as a share of gross domestic product is expected to rise to 115 percent in 2021 and poverty to 10.9 percent.

The Present government is continuing the practice of leasing state owned lands on long or short term basis to multinational companies, private firms and individuals for mega agricultural and technical ventures.

HSBC LiveSign powered by Adobe is a cloud-based service that replaces the paper and ink signature process with a fully automated electronic signature workflow made available for HSBC’s corporate clients.

Sri Lanka will be purchasing four Mi-171 helicopters under a renewed credit line by the Russian government for the use in United Nations peace keeping mission of Sri Lanka in Africa, Sri Lanka Air Force (SLAF) announced.

The World Bank forecasts a bouncing back in Sri Lanka’s economic activity with up- and down-side risks in financial vulnerabilities despite heavy toll of the COVID-19 pandemic.