- Last Update 2025-05-14 16:29:00
Union Bank ceases operations as money market primary dealer
The Central Bank, at the request of the Union Bank of Colombo PLC (UBC), has granted approval for UBC to cease its operations as a Primary Dealer with effect from May 1.
UBC will continue to function as a Dealer Direct Participant in the LankaSettle system and transact in scripless government securities on behalf of its customers and maintain its customer accounts in the LankaSecure system, the Central Bank statement on Friday said.
“The Central Bank wishes to emphasize that the above approval is purely based on a business decision of UBC and it does not affect carrying out any of its activities/services as a licensed commercial bank,” it said.
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- May 9, 2025 - 185 - 0
SLAF Bell 212 crashes into Maduru Oya
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
- May 9, 2025 - 157 - 0
Five killed in helicopter crash
Update: Five of the twelve passengers on board the bell 212 aircraft that crashed into the Maduru Oya today, have succumbed to their injuries, the SLAF said.
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