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Sri Lanka official reserves at USD 2 2Bn in Feb 2023

Gross official reserves stood at US dollars 2.2 billion as at end February 2023, the Central Bank of Sri Lanka says. This included the swap facility from the People’s Bank of China, equivalent to around US dollars 1.4 billion, which is subject to conditionalities on usability. The Central Ban

ComBank launches LankaPay cards in Sri Lanka

Sri Lanka’s payment cards domain took a giant leap today when the Commercial Bank of Ceylon in collaboration with LankaPay launched a national credit and debit card with international acceptance. This National Card Scheme is an initiative implemented by LankaPay in partnership JCB International C

ITC meets Min of Trade to present e certificate of origin system for SL exporters

Nalin Fernando, Minister of Trade, Commerce and Food Security in Colombo was presented the new Electronic Certificate of Origin (eCoO) system by the International Trade Centre (ITC) team, led by Ms. Raghad Altalli, Programme Manager and Trade Facilitation Advisor. The new eCoO system, implemented

PickMe reduces prices further on their km rate

PickMe says it will continue to be market leaders in prices in the taxi-hailing market with them further bringing down the charge per kilometre to Rs.68. “The current slashing of petrol prices by CPC will be passed down to the passenger and we will continue to give value to the driver who works

Sri Lanka s government should make sure that wealthy pay their fair share: Human Rights Watch

The government of Sri Lanka should ensure that policies to enhance revenues do not further erode economic and social rights and that anti-corruption reforms provide accountability, Human Rights Watch said today. On March 20, 2023, the International Monetary Fund (IMF) approved a US$3 billion loan to

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