Businesscafe - The Financial Intelligence Unit (FIU) of the Central Bank of Sri Lanka (CBSL) issued a press release recently stating that the Unit imposed penalties on a couple of banks/finance companies including Kanrich Finance Ltd., for non-compliance of provisions in the Financial Transactions Reporting Act No. 6 of 2006 (FTRA) inter-alia related updating of United Nations Security Council Resolutions (UNSCR) Sanction lists and Financial Institutions (Customer Due Diligence) Rules as per the FIU rules, regulations and directives.
Businesscafe - Standard Chartered Sri Lanka announced the enhancement of its robust payment capabilities with the implementation of the country’s first ever interbank instant payment API (Application Programming Interface) connectivity solution.
Businesscafe - The Colombo Stock Exchange (CSE) has recorded 9.3% growth in Year-to-Date (YTD) All Share Price Index (ASPI) within the first 05 months of 2021.
Businesscafe - Diversified Sri Lankan conglomerate Sunshine Holdings (CSE: SUN) recorded resilient revenue and profit growth in a pandemic-affected macroeconomic environment, reporting notable top-line and bottom-line performances growth during the year ended 31 March 2021 (FY20/21).
Businesscafe - Automated utility bill payment with no intervention by the customer has brought about a new dimension in convenience for ComBank credit card holders by offering them an option to automatically settle their monthly bills to the country’s most-widely used utilities.
Businesscafe - Sri Lanka’s first and fully digital banking experience, FriMi, marked yet another milestone by enabling contactless payments for parking in Kandy on the 20th of March 2021.
Businesscafe - The Hayleys Group delivered the highest revenue and profit in its 143-year history during FY 2020/21.
Businesscafe - Supporting the Central Bank of Sri Lanka’s (CBSL) ‘Rata Purama LANKAQR’ campaign, HNB conducted an activation programme to encourage the public from the Matara district towards a cashless payment ecosystem, while onboarding merchants in the district to its digital wallet SOLO.
Businesscafe - Strong revenue and profit growth in the fourth quarter at both Group and Company level have enabled Teejay Lanka PLC to significantly minimise the impact of the pandemic-affected first quarter on the Group’s full-year results and end 2020-21 on a resilient footing.
Businesscafe - Colombo Stock Exchange (CSE) confirms that trading will function as per regular trading hours from 11.00am - 2.30pm on 24th, 25th and 28th May 2021.
Businesscafe - Colombo Stock Exchange (CSE) launched an Educational Series on ‘How to Invest in Initial Public Offerings (IPOs)’ on 18th May 2021.
