Home-grown blockchain service start-up, Niftron, has been successful in raising Rs. 10 million in the latest round of funding from The Angel Fund of the Lankan Angel Network (LAN), Sri Lanka’s largest network of angel investors.
On the instructions of President and the Prime Minister, State Minister of Finance Ajith Nivard Cabraal visited today the Asgiriya Chapter, the Malwathu Chapter and the Chief Prelates of the Amarapura and Ramanna Maha Nikayas and briefed them on the proposed Port City Economic Commission Bill.
The Monetary Board of the Central Bank has suspended the business of Swarnamahal Financial Services PLC (SFSP) with effect from 5.00 p.m. yesterday (April 12) due to the company’s deteriorating financial condition and non-availability of a viable revival plan.
While Sri Lanka frequently engages with the International Monetary Fund (IMF) for technical assistance, and the two parties are also planning for the upcoming Article IV consultations towards the end of this year, the Central Bank reiterated that no discussions are held to the effect of a programme in the style of Balance of Payment support.
The Central Bank of Sri Lanka (CBSL) today issued a fresh warning to those interested in investing in virtual currencies (VCs) stressing that currently there are no regulatory safeguards relating to the usage, investment or dealing in VCs in Sri Lanka.
The Colombo Port City Economic Commission Bill, which will declare Colombo Port City (CPC) as a Special Economic Zone (SEZ), and under which a five-member Commission with sweeping powers will be appointed to administer it, was presented to Parliament a while ago.
Following the enactment of Colombo Port City Economic Commission Bill, which is expected before end of this month, the government expects to advertise internationally to select members for the high-powered seven-member Economic Commission, a top government official said.
The government intends remove the current import restrictions on tile and sanitary ware soon and Sri Lanka will locally produce 80 percent of its tile requirement by 2022, State Minister of Finance, Money, Capital Markets and State Enterprise reforms Ajith Nivard Cabraal told Parliament this week.
More countries issue travel advisories
Sri Lanka Tourism invites global travellers for upcoming season
Russian embassy urges citizens to stay vigilant in Arugam Bay
US Embassy issues travel warning for Arugam Bay
India-Sri Lanka ferry service operates smoothly