Connect with us

BIZ

CBSL further reduces Overnight Policy Rate (OPR)

Published

on

The Monetary Policy Board of the Central Bank of Sri Lanka has decided to reduce the OPR by 25 bps to 7.75% at its meeting held yesterday (21), thereby easing monetary policy further.  

The Board arrived at this decision after carefully considering the developments both domestically and globally. The Board is of the view that this measured easing of monetary policy stance will support steering inflation towards the target of 5%, amidst global uncertainties and current subdued inflationary pressures.

BIZ

Lanka IOC donates Rs. 100 mn. to the President’s Fund

Published

on

By

The Lanka Indian Oil Company (LIOC) has donated Rs. 100 million to the President’s Fund.

Mr. Dipak Das, Managing Director of Lanka Indian Oil Company, handed over the relevant cheque to Dr. Nandika Sanath Kumanayake, Secretary to the President, at the Presidential Secretariat today (July 04).

It is noteworthy that this donation is in addition to the contributions Lanka Indian Oil Company already makes to the education, health and cultural sectors in the country.

Mr. Roshan Gamage, Senior Additional Secretary to the President and a group of representatives from Lanka Indian Oil Company were also present at the occasion.

Mr. Das was a part of the CEOs delegation of the Confederation of Indian Industry (CII) who was in Colombo from June 29 – July 02.

Continue Reading

BIZ

CBSL takes action against Nation Lanka Finance PLC

Published

on

By

The Central Bank of Sri Lanka (CBSL) has initiated resolution action against Nation Lanka Finance PLC (NLFP), effective from today (July 04) due to continuous violations of the Finance Business Act No. 42 of 2011 and related regulatory directives. 

The company has been facing a deteriorating financial position marked by capital deficiencies, poor asset quality, ongoing losses, and failure to repay depositors.

Continue Reading

BIZ

Alert raised on fake tickets for City of Dreams opening

Published

on

By

The management of City of Dreams Sri Lanka has urged the public to be aware of unauthorized tickets being circulated for its Grand Opening event, which is scheduled to take place on August 02.

In an official statement, the organizers emphasized that the event is strictly by invitation only and that no third parties have been permitted to sell, distribute, or issue tickets for the occasion.

“We have received reports of counterfeit tickets being offered via unofficial sources. We strongly advise the public to remain vigilant and avoid engaging with such offers,” the announcement stated.
For any inquiries or clarifications, the management encourages individuals to use the official communication channels of City of Dreams Sri Lanka to obtain accurate information.

Posted by City of Dreams Sri Lanka on Thursday, July 3, 2025

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved