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No new restrictions for making payments in foreign exchange on credit or debit cards: Central Bank
The public is informed that the Central Bank has not introduced any new restrictions on the use of EFTCs, i.e., credit cards, debit cards and other stored value cards, and holders of such cards are permitted to use them to make payments to persons resident outside Sri Lanka in respect of current transactions of personal […]
STEMUP Educational Foundation unveils fully-automated Volunteer Management System
STEMUP Educational Foundation, the non-profit organization with a focus on furthering Scientific, Technological, Engineering, and Mathematical (STEM) knowledge among Sri Lankan students, has launched a fully-automated Volunteer Management System (VMS). The foundation has over 1,600 volunteers from professional organisations and universities who help to spread the message of STEM education among the target audience of […]
Sampath Bank Introduces Sri Lanka’s First Touchless Cash Withdrawals Across Its ATM Network
Sampath Bank announced the introduction of Touchless Cash Withdrawals at Automated Teller Machines (ATMs) for the first time in Sri Lanka, and possibly the first time in the region. State Minister of Money & Capital Markets and State Enterprise Reforms, Ajith Nivard Cabraal was the Chief Guest at the commissioning of this service at the […]
Companies mobilize over Rs 75Bn in first 7 months of 2021 via capital market: CSE
The Colombo Stock Exchange (CSE) has showcased a strong growth trajectory in Capital Raising by Sri Lankan corporates of all scales during the first 7 months of 2021. To date, the CSE has facilitated 12 new listings, including 07 debt IPOs with a value of LKR 47.29 Bn, 04 equity IPOs with a value of […]
CBSL tightens monetary policy to curb inflationary pressures; rectify external sector imbalances
Sri Lanka’s Central Bank has tightened its monetary policy stance to address the imbalances in the external sector and to preempt the buildup of excessive inflationary pressures over the medium term. Accordingly, the Monetary Board of the Central Bank has decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate […]
IFC & Hemas Pioneer New Digital Health Program to Boost Access to Affordable Health-Care Services
Sri Lanka will become the first country to benefit from an IFC global initiative designed to boost access to affordable and quality health-care through digital technology across the region—amid increased demand for services in the wake of COVID-19. IFC’s new upstream initiative, the Global Digital Health Platform (DigiHealth), will begin in Sri Lanka with the […]
Opinion: Young entrepreneur finds worth in plastic waste
Pathum’s love towards keeping the environment plastic-free drives his passion for implementing a viable system for waste collection in Sri Lanka Celebrated every year on the 12th of August, Youth Day magnifies the actions of young people who aspire to repair the earth we live in, through their entrepreneurial decisions to solve the world’s most […]
EFL 40th Anniversary: Celebrating milestones and looking to the future
The Environmental Foundation (Guarantee) Limited (EFL), Sri Lanka’s first public interest organization working on environmental protection and conservation celebrated its 40th anniversary on 3rd August. Speaking to mark this special occasion Dr. Eric Wikramanayake, Chairperson of the organization said EFL was incorporated in 1981 to fill a much needed gap of combining the science and […]
Licensed Banks have not been asked to “Devalue” Sri Lanka Rupee: Central Bank
The Central Bank said it has observed messages being circulated claiming that licensed banks have been officially asked to devalue the Sri Lanka rupee with immediate effect. “The general public is hereby informed that there is no basis whatsoever for such claims, and the CBSL has not made any change to its stance or the […]
China Development Bank agrees to provide RMB 2Bn term facility to Sri Lanka
China Development Bank and Sri Lankan Government have entered into an agreement of RMB 2 Billion (approx LKR 61.5 Billion) Term Facility today, the Chinese Embassy in Sri Lanka said. The facility is to be used to support Sri Lanka’s COVID-19 response, economic revival, financial stability, and livelihood betterment.