Stevea Morrell News Today

Text and Pictures by Steve A. Morrell Fifty per cent Sri Lankan families living in the provinces lack the basic needs of existence. They exist in abject poverty, being able to afford only two meals a day. Most are farmers, who already face the dysfunctional effects of the past Gotabhaya Rajapaksa government’s failed fertilizer policies […]

People’s Bank’s ‘People’s Remittance Vaasi Kotiyai, Bonanza’ selected its third millionaire winner recently. The lucky winner was A. Nagalechchami, who received his Rs.1 million prize from Sri Lanka’s Ambassador to Kuwait – Mohamad Jawhar and Senior Officer of embassy – W.A.U Poshitha Perera at the Sri Lanka embassy in Kuwait. People’s Bank launched “People’s Remittance […]

The Commercial Bank of Ceylon has introduced a fixed deposit scheme with high interest rates of up to 22% per annum, to encourage short term deposits and give the Bank’s customers an unbeatable and secure return for their investments in less than a year. Under this special scheme, Commercial Bank customers can open fixed deposit […]

Seylan Bank, the Bank with a Heart, encouraged its employees to join the home cultivation drive to help them face the challenge of increasing food prices by growing essential vegetables and fruit plants at home. As such, the Seylan Staff Welfare Association partnered with the Department of Agriculture on a project to share knowledge and […]

By Hiran H.Senewiratne Negative macro-economic factors have sent the CSE’s investor sentiment to negative territory. Prime Minister Ranil Wickremesinghe yesterday stated in parliament that Sri Lanka requires at least US $ 5 billion to provide essential items this year, including fuel, as monetary instability continued, market sources said. Prime Minister Wickremesinghe said Sri Lanka needs […]

The trendsetter in the modern trade industry GLOMARK from Softlogic Supermarkets (Pvt) Ltd., recently opened its newest outlet at No. 135, Negombo Road, Rilaulla, Kandana. The brand expansion has been with the goal of taking convenience to the doorstep of the residents’ of Kandana. GLOMARK, hailed by Retail Asia as Sri Lanka’s best supermarket in […]

By Sanath Nanayakkare Sri Lanka needs inflows of US$ 1 billion to strengthen the rupee in line with the daily requirements of the citizens, Prime Minister Ranil Wickramasinghe said in parliament yesterday. ‘Apart from that, we need $5 billion to ensure our daily lives are not disrupted for the next six months,” he said. “Sri […]

The Commercial Bank of Ceylon has announced that it has relaunched its ‘Udara’ Senior Citizens Account with new features and special interest rates to widen the account holder base and offer more rewards to this customer segment. The Bank has reduced the minimum initial deposit required to open an Udara Savings Account from Rs 5,000 […]

Brandix celebrates World Environment Day 2022 with the reforestation of a 10-acre area of land in Rambukkana, Sri Lanka in partnership with the Department of Forest Conservation and the United Nations Development Programme (UNDP) in Sri Lanka. With care for the planet sewn into the very fabric of its business operations for over a decade […]

By Steve A. Morrell Asia Siyaka (AS) tea market report for sale no. 21, covering the period May 31- June 1, indicates a production drop of nearly 10 million kilos compared to 2021. Results for the year up to the above dates, the report said, was 111.5 million kilos. Comparatively, for the same period in […]