BIZ

New Chairman appointed to People’s Bank

Published

11 months ago

May 19, 2023

editor

The Committee on High Posts has approved the appointment of Sujeewa Rajapaksa as the Chairman of the People’s Bank.

Assistant Secretary-General of Parliament Tikiri K. Jayathilake said the Committee on High Posts approved the appointments of two ministry secretaries and six chairpersons of state institutions recently (12).

Accordingly, the Committee approved the appointment of Yamuna Perera as the new secretary of the Ministry of Women, Child Affairs and Social Empowerment.

Approval was given to appoint R.M.W.S Samaradivakara as the new Secretary of the Ministry of Water Supply and Estate Infrastructure Development.

Furthermore, the appointments of Prof. S.R.D Rosa as the Chairman of the Sri Lanka Atomic Energy Board, Ratnasiri Kalupahana as the Chairman of the State Engineering Corporation of Sri Lanka, Eng. A. Galketiya as the Chairman of the Central Engineering Consultancy Bureau (CECB), Mrs. Stella Marapana as the Chairperson of the Public Performance Board and Mr. Jayantha Wijeratne as the Chairman of the National Aquaculture Development Authority have been approved by the Committee on High Posts.

The Committee on High Posts met in Parliament recently (12) under the chairmanship of the Speaker Mahinda Yapa Abeywardena and MPs John Senaviratne, Talatha Athukorala, Udaya Gammanpila, Dr. Sudarshanee Fernandopulle and Dharmalingam Siddharthan were present.

BIZ

WhatsApp makes it easier to find chats

Published

13 hours ago

April 17, 2024

editor

WhatsApp is making it easier to find chats by introducing new features, US technology news website ‘The Verge’ has reported.

Meta is launching new filters that will appear at the top of your chat list: All (the default view), Unread (just messages marked as unread), and Groups (group chats and Community subgroups), it notes.

The filters start rolling out from Tuesday (16) and will become available to all WhatsApp users “in the coming weeks.”

BIZ

Indigo launches Mumbai-Colombo direct flights

Published

6 days ago

April 12, 2024

nipuni

Indigo has expanded its connectivity to Sri Lanka adding Mumbai-Colombo direct flights from today (12), Airport and Aviation Services (Sri Lanka) (Pvt) Limited said.

Accordingly, Indigo will operate flights three times a week on Tuesdays, Thursdays and Fridays.

At present, Indigo operates to three destinations in India from Colombo (Chennai twice daily, Bengaluru once daily and Hyderabad six days per week). With this new route expansion, this will increase to four destinations, and it will contribute immensely to the development of travel, trade and tourism between Sri Lanka and India.

With the new addition, Indigo will operate 30 weekly flights to Colombo from four main cities in India.

“AASL recently had successful negotiations with Indigo to commence flight operations between Jaffna and Chennai, India. Accordingly, Indigo will commence direct flight operations between Jaffna and Chennai from June 1, 2024 onwards with daily flight operations. This connectivity will boost travel and trade in the Northern Province, strengthening the cultural and religious bonds between the two nations”, Eng. Athula Galketiya, Chairman of Airport and Aviation Services (Sri Lanka) (Pvt) Limited (AASL) said.

BIZ

Questions raised on investing in the Ceylon Dollar Bond

Published

1 week ago

April 10, 2024

editor

Personal Foreign Currency Accounts (PFCs) and Business Foreign Currency Accounts (BFCAs) cannot be invested in the Ceylon Dollar Bond Fund, says a spokesman of the Foreign Exchange Department at the Central Bank of Sri Lanka.

He said that banks are well aware of this.

The spokesman was responding to ‘Sri Lanka Mirror’ on queries raised on social media promotions being done by Ceylon Asset Management Co. Ltd, with regard to such investments.

Ceylon Asset Management Co. Ltd. is also a company that is registered with the CSE.

The spokesman further notes that the CBSL has only permitted them to invest in ISBs.

However, promotions done by the company have indicated that dollar investments can also be done through PFCs, and that the investors can expect around a 24% dollar returns.

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Experts state that expecting such high profits in ISB investments, is questionable.

Upon contacting the DG of Ceylon Asset Management Co. Ltd, – Dulindra Fernando, he briefly stated that the CBSL has permitted their company to do such foreign fund transfers while some banks have refused to do so.

However, he urged to submit a formal request via email for further details.