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July 14, 2026
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Sri Lanka’s leading alternate financial services provider, LOLC Al-Falaah introduces “Al-Falaah Tawarruq for Personal Finance
RUZAIK FAROOK COLOMBO – RUZAIK FAROOK COLOMBO – Further strengthening its position as Sri Lanka’s leading alternate financial services provider, LOLC Al-Falaah has introduced “Al-Falaah Tawarruq for Personal Finance,” Product Launch Ceremony was held at the Ramada Hotel, Colombo recently. The country’s first structured Tawarruq-based Islamic liquidity solution. The launch marks a significant milestone in...
Business, Economy
July 14, 2026
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Lankan High Commissioner attends Opening of LOLC Pakistan’s New Head Office
The High Commissioner of Sri Lanka to Pakistan, Rear Admiral Fred Seneviratne (Retd), attended the inauguration ceremony of the new Head Office of LOLC Microfinance Bank Pakistan, on 06 July 2026 located in Gulberg, Islamabad. The ceremony was attended by the Chairman of LOLC Microfinance Bank Limited, Krishan Thilakaratne, together with members of the senior...
Business, Economy
July 14, 2026
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Saudi Arabia warns of SR50,000 fine, jail for overstaying entry visas
RIYADH — The Interior Ministry has warned that expatriates who fail to leave the Kingdom after their entry visas expire will face penalties of up to SR50,000, imprisonment for up to six months and deportation. The ministry urged the public to report violations of residency, labor and border security regulations by calling 911 in Makkah,...
Loc
July 14, 2026
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Workers’ remittances remain robust in first half
Sri Lanka’s workers’ remittances increased to a record high in June, whilst lifting cumulative earnings in the first half of 2026 to an all-time high, underscoring the resilience of migrant worker earnings despite geopolitical tensions in the Middle East. Latest data from the Central Bank of Sri Lanka (CBSL) showed that inflows rose 9.3% year-on-year...
Business, Economy
July 14, 2026
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MEPA Launches ‘Ocean Watch’ Mobile App to Protect Sri Lanka’s Marine Environment
COLOMBO : The Marine Environment Protection Authority (MEPA) has officially launched the “Ocean Watch” web-based mobile application as part of the Government’s digitalization policy to strengthen the protection of Sri Lanka’s marine and coastal environment. The app is designed to support efforts to keep Sri Lanka’s coastline and marine ecosystem free from pollution by improving...
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