Experienced banker Clive Fonseka has been appointed acting CEO and general manager of the People’s Bank (PB).

Kanrich Finance Limited (KFL) has been ordered by the Central Bank of Sri Lanka (CBSL) to settle its public liabilities in full by the end of February 2023.

The Monetary Board of the Central Bank of Sri Lanka decided to cancel the Finance Business Licence issued to Swarnamahal Financial Services PLC (SFSP), in terms of Section 37(3) of the Finance Business Act, No. 42 of 2011 (FBA) with effect from 28th December 2022.

With a vision for empowering Sri Lankan women in business, the Women Entrepreneurs Forum was successfully held recently at the Kingsbury hotel in Colombo.

A discussion between the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) and officials of the Indian High Commission was held recently to explore avenues to strengthen bilateral trade, investment, and economic coorporation.

Varna, a flexible packaging company, was recognised with the Golden Cylinder Award in the ‘Innovative Novel Gravure Printing’ category at Gravure Technical Forum 2022 organised by the Gravure Association of the Americas (GAA) and the Association of International Metallizers, Coaters and Laminators (AIMCAL).

In what could be a rare bright spot emerging from an otherwise gloomy external sector, foreigners have continued their purchasing of rupee treasuries, stretching the streak into its fifth consecutive week last week.

Keerthi Gunawardane was elected as the new president of the Federation of Chamber of Commerce & Industry Sri Lanka ( FCCISL) at its 47th annual general meeting and will take over the reins from first lady president Shirley Jayawardane.

Apple has begun making iPhone 14s in India, as it moves some production away from China for the first time against a backdrop of Chinese Covid-19 pandemic lockdowns and geopolitical tensions between the US and the country’s communist government.

• Scrap metal sales portal developed for Ministry of Industries and Industrial Development Board