BIZ

Sri Lanka among Forbes’ top three must-visit destinations for Summer ’24

Published

2 weeks ago

June 11, 2024

nipuni

Sri Lanka has been named among the top three must-visit destinations for summer ’24 by Forbes. The other two are Greece and Mauritius.

Travel blogger Kathleen Peddicord writing for Forbes states “With all that Sri Lanka has to offer, combined with its tourism authority’s marketing efforts and the proliferation of wellness and luxury hotels, I see Sri Lanka growing in popularity this summer and beyond”.

“It made Travel + Leisure’s list of “The 50 Best Places to Travel in 2024” and its south and central regions show up on Condé Nast Traveller’s “The 24 Best Places to Go in 2024,” she adds.

BIZ

CBSL imposes penalties on Sampath Bank & DFCC Bank

Published

22 hours ago

June 26, 2024

editor

The Financial Intelligence Unit (FIU) of the Central Bank of Sri Lanka (CBSL) has imposed administrative penalties on two financial institutions from 01 January 2024 to 30 April 2024.

According to the CBSL, administrative penalties were imposed on DFCC Bank PLC and Sampath Bank PLC.

The FIU collected penalties amounting to Rs. 3 million in total from 01 January to 30 April 2024 to enforce compliance on Financial Institutions, while the money collected as penalties was credited to the Consolidated Fund.

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BIZ

No justification for coconut oil price hike – Coconut Development Authority

Published

1 week ago

June 18, 2024

nipuni

The Coconut Development Authority has stated that there is no valid reason for a price increase of coconut oil in the local market.

CDA chairman – Prof. Roshan Perera has emphasized that there has been no tax hike on imported coconut oil.
Given the sufficient supply of coconut oil for domestic consumption, Prof. Perera asserted that any price increase is unjustifiable.

Additionally, a new regulatory program is being planned to control and stabilize coconut oil prices in the market, he added.