Orient Finance Wins Gold as the Emerging Islamic Finance Entity of the Year 09th August 2023 – Colombo: Orient Finance, a leading financial institution in Sri Lanka proudly announces its latest achievements at the esteemed ‘Sri Lanka Islamic Banking and Finance Industry Awards’. The Company’s Alternative Finance Business Unit (AFBU) has been honoured with two prestigious awards at the event – the highly coveted Gold Award for Emerging Islamic Finance Entity of the Year and the Merit Award for the Digital Marketing Campaign of the Year. These accolades reflect the AFBU’s dedication to excellence and innovation in the Islamic finance sector. Orient Finance’s Alternative Finance Business Unit’s recognition as the Emerging Islamic Finance Entity of the Year marks a significant milestone in its journey. The company attributes its success to several key factors, its dedication to upholding the principles of Islamic Finance, ensuring ethical and Sharia-compliant practices, including a successful ...

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Orient Finance PLC Celebrates 42nd Anniversary with a Greener Vision: 6000 Trees for a Sustainable Future 02nd August 2023 – Colombo: Orient Finance PLC, a leading financial institution in Sri Lanka, proudly celebrated its 42nd anniversary on July 26th, 2023. In commemoration of this momentous occasion, the company reaffirmed its commitment to environmental stewardship by spearheading a tree planting project with the intention of contributing to a greener, healthier tomorrow. The tree planting initiative, aims to plant 6000 trees in and around the pristine Wilpattu forest, spanning from Wanathawilluwa to Anuradhapura, Kilinochchi, and Mannar. This endeavour reflects the company’s dedication to nurturing a sustainable future, for all. Director and CEO, of Orient Finance, K.M.M. Jabir, passionately expressed the organization’s enthusiasm about the reforestation project. He stated, “As an environmentally conscious and responsible entity, we take immense pride in joining the reforestation efforts around the Wilpattu forest. Acknowledging our human contribution ...

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LATEST EXCHANGE RATES ANNOUNCED BY CBSL – By Sunil Thenabadu Source : info-rain Today’s CBSL official exchange rates The Sri Lankan Rupee has depreciated further against the US Dollar today (23) in comparison to yesterday, according to the Central Bank of Sri Lanka. The buying rate of the US Dollar has increased from Rs. 298.54 to Rs.299.03, while the selling rate has dropped from Rs. 314.96 to Rs. 314.36. However, the Rupee has appreciated against other foreign currencies, including Gulf currencies. ...

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More than one-fifth of Sri Lankan workers deployed overseas enter domestic service, data show-By Sanath Nanyakkare 20,368 belonged to the domestic aide category out of the 87,629 Sri Lankan workers who left for overseas employment in August, September and October 2022, External Sector Performance figures show. Source:Island A closer look and comparison between foreign employment figures in Sri Lanka’s External Sector Performance show that in the months of August, September and October 2022, a total of 87,629 Sri Lankans migrated for overseas jobs, out of which 20,368 were domestic aides. Hence Sri Lanka has exported a three-month average of 23.2% of its migrant work force or more than one fifth of its labour resource (mostly poor women) as domestic aides. Total departures for foreign employment during January-October 2022 were recorded at 251,151 which exceeded the annual departures in pre-pandemic period, according to the latest External Sector Performance report released by ...

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Central Bank of Sri Lanka – Bank Holidays for 2023 Date Description January 06, Friday Duruthu Full Moon Poya Day B. P. January 15, Sunday Tamil Thai Pongal Day B. P. M. January 16, Monday Special Bank Holiday (In lieu of Tamil Thai Pongal Day which falls on a Sunday) February 04, Saturday Independence Day B. P. M. February 05, Sunday Navam Full Moon Poya Day B. P. February 18, Saturday Mahasivarathri Day B. P. March 06, Monday Medin Full Moon Poya Day B. P. April 05, Wednesday Bak Full Moon Poya Day B. P. April 07, Friday Good Friday B. P. April 13, Thursday Day prior to Sinhala & Tamil New Year Day B. P. M. April 14, Friday Sinhala & Tamil New Year Day B. P. M. April 22, Saturday Id-Ul-Fitr (Ramazan Festival Day) B. P. May 01, Monday May Day B. P. M. May 05, Friday Vesak ...

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Expat SL workers send more money Source:Island There had been a 10% increase in remittances from the expatriate Sri Lankan workers, in September, compared to the previous month, Minister of Labour and Foreign Employment Manusha Nanayakkara said. Statistics released by the Central Bank of Sri Lanka (CBSL), on Saturday, showed that workers’ remittances increased to 359 million US dollars in September 2022, from 325 million US dollars in August.Compared to July 2022, workers remittances have increased by 29 percent. This is an increase of 80 million US dollars between July and September. ...

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Central Bank of Sri Lanka Ministry of Finance, Economic Stabilization & National Policies Investor Presentation – 23 September 2022   Download the PDF file . From Aubrey Joakim re: Central Bank of Sri Lanka Ministry of Finance, Economic Stabilization & National Policies Investor Presentation – 23 September 2022 A presentation was made to creditors – both local and overseas – by the Governor of the Central Bank and the Secretary to the Treasury. I urge you all to have a look at it. It is attached to this email or you can access it via thefollowing link: https://www.treasury.gov.lk/api/file/3816b192-2bd9-4587-9c69-53e54a3394de I am sure for those of you who have some economic and/or financial acumen you will get a good understanding of the situation. this is the first time that I have seen the real details and extent of the debt both foreign and local. Page 16 & 17 provide the staggering picture ...

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Accountability of Parliamentarians – By Dr Tilak S. Fernando –Daily News-Tuesday, September 13, 202 The world is keeping an eye on the worsening political, economic and widespread suffering of Sri Lankans. Citizens of this country hope to find answers to overcome the high Cost of Living and to have adequate fuel and medical supplies to bring the situation under control. People, once again, experience difficulty with the ‘QR system’ to obtain fuel from petrol stations. It is no surprise to hear from the public that all 225 Parliamentarians should go home, and the Parliament should have young and energetic members. It sounds sensible because they have ruined the country for the last 74 years. Today, the Cost of Living is skyrocketing, and people find it very difficult to manage their day-to-day affairs. The President is calling on all parties to unite and rebuild the economy. Still, some political parties are ...

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Sri Lanka -‘Aragalaya’ – by Dr Harold Gunatillake Transcript: ‘We compile and present the current events for future generations can access someday.’ As Sri Lanka suffers its worst-ever economic crisis, waves of protests and mass uprisings involving all sectors of society, including students and teachers, have sent shock waves through the government and thrown the country into a deep political crisis. The entire Sri Lankan cabinet resigned on Monday, 4 April. On Tuesday, around 43 Sri Lankan parliamentarians left the ruling government coalition to function as independent MPs, leaving the government without a majority in parliament. Previously, in the 225- member Sri Lanka parliament, the government and team had a 146 majority. After the walkout, it was left with 104 members. Central Bank of Sri Lanka Governor Ajith Cabraal, also seen as responsible for the economic crisis, quit amid a deepening political crisis. Academic activities have been interrupted at several ...

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Commemorative coin to mark 150th anniversary of Faculty of Medicine, University of Colombo Source:Island The Central Bank of Sri Lanka (CBSL) issued a circulation standard commemorative coin with a face value of Rs. 20 to mark the 150th Anniversary of Faculty of Medicine, University of Colombo in recognition of its contribution to the nation as the first medical faculty in the country. This coin was issued at the request of Faculty of Medicine, University of Colombo. The Crest of the Faculty of Medicine, University of Colombo is depicted at the center of the coin. Number “150” in large numerals appear above the logo and years “1870-2020” in small numerals appear below the logo. Words “Colombo Medical Faculty” in English, Sinhala and Tamil appears along the periphery. The face value “20” in large numerals with the words “Twenty Rupees” in Sinhala, Tamil and English and year “2020” just below the words. ...

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