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CBSL names 8 entities that conducted prohibited schemes

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The Central Bank of Sri Lanka (CBSL) has issued a public notice naming 08 entities that have conducted prohibited schemes.

The entities named are :

  1. Tiens Lanka Health Care (Pvt) Ltd.
  2. Best Life International (Pvt) Ltd.
  3. Global Lifestyle Lanka (Pvt) Ltd.
  4. Mark-Wo International (Pvt) Ltd.
  5. V M L International (Pvt) Ltd.
  6. Fast 3Cycle International (Pvt) Ltd (F3C)
  7. Sport Chain App, Sports Chain ZS Society Sri Lanka
  8. OnmaxDT

The CBSL further stated that any person who directly or indirectly initiates, offers, promotes, advertises, conducts, nances, manages or directs a scheme in contravention of the provisions of Section 83C of the Banking Act, No. 30 of 1988 shall be guilty of a punishable offence.

The complete public notice issued by the CBSL in this regard is as follows :

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Apple is the world’s first $1 trillion brand: Kantar

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Kantar BrandZ’s Top 10 Most Valuable Global Brands 2024 has named Apple as the world’s first trillion-dollar brand, holding onto pole position for the third consecutive year. 

Google, Microsoft, and Amazon join Apple atop the rankings, with McDonald’s rounding up the top 5.

Demonstrating how effective AI has become for driving brand value, NVIDIA has lept 18 places to crack the top 10 for the first time, holding sixth position with a 178% year-on-year brand value increase. 

Facebook rejoined the Top 10 after a one-year absence, while Oracle joined the Top 10 for the first time. 

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Govt. to privatise SriLankan as part of IMF programme – CEO

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The government, as part of the International Monetary Fund (IMF) program, is looking to privatise several state-owned enterprises and one of those is the flag carrier of the island nation, said SriLankan Airline CEO Richard Nuttall.

Nuttal added that the airline is also looking for an investor. Three candidates have been finalised in April and the government is in talks with them.

Nutall said that no Indian company had shown interest in investing in the airline.

The airline hopes to grow its current fleet of 21 to 22 next month, with plans to obtain another three aircraft within the next three months.

Source: ANI

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Apple brings ChatGPT to its devices

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Apple unveiled a long-awaited AI strategy yesterday (10 June), integrating Apple Intelligence across its suite of apps, including Siri, and announced a partnership with OpenAI to bring ChatGPT to its devices.

The AI features were unveiled at Apple’s Worldwide Developers Conference, and the tech giant also showed its latest operating system for its Vision Pro mixed-reality headset and iPhone.

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