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Sri Lanka needs a united front against financial scams

SriLanka, June 3 -- Financial fraud is no longer a fringe problem in Sri Lanka. It is a national challenge and tackling it will take more than periodic warnings from a single regulator. That was the ... Read More


CSE collaborates with European Union-funded Green Recovery Facility in Driving Sri Lanka's GSS+ Bond Market

SriLanka, May 31 -- Sri Lanka's sustainable finance market continues to gain momentum as the Colombo Stock Exchange (CSE) collaborated with the European Union-funded Green Recovery Facility, implement... Read More


Sri Lanka to End Duty-Free Vehicle Scheme, Cancel Existing Permits in 2027 Budget

SriLanka, May 30 -- Sri Lanka's government has pledged to abolish the long-standing duty-free vehicle import scheme for public officials, with the cancellation of existing permits to be formalized in ... Read More


Why Sri Lanka's SME apparel sector needs a national sustainable industries policy framework

Sri Lanka, May 29 -- A clear national sustainable industries framework is becoming essential if Sri Lanka's SME apparel manufacturers are to cut carbon, adopt renewable energy and remain competitive i... Read More


Ceylon Chamber Applauds IMF Review Approval, Urges Fuel QR Optimization & Clear Economic Policy Signals

Sri Lanka, May 29 -- The Ceylon Chamber of Commerce has commended the Government of Sri Lanka on the successful completion and approval of the 5th and 6th reviews under the IMF's Extended Fund Facilit... Read More


Why Sri Lanka's SME apparel sector needs a national sustainable industries policy framework

SriLanka, May 29 -- A clear national sustainable industries framework is becoming essential if Sri Lanka's SME apparel manufacturers are to cut carbon, adopt renewable energy and remain competitive in... Read More


Commercial Bank now brings PayPal-linked withdrawals for customers

Sri Lanka, May 28 -- The Commercial Bank of Ceylon, reaffirming its leadership in introducing the latest global financial technologies to Sri Lanka, has announced the availability of PayPal-linked wit... Read More


Sri Lanka's Vehicle, Gold Loan Curbs Support Lenders' Risk Profiles: Fitch Ratings

Sri Lanka, May 28 -- Sri Lanka's tighter macroprudential restrictions on vehicle and gold-backed lending will benefit lenders' risk profiles, particularly those of finance companies, Fitch Ratings say... Read More


IMF Board Approves Sri Lanka's Fifth & Sixth Reviews, Unlocks USD 695 Mn for Reforms

SriLanka, May 27 -- The International Monetary Fund's Executive Board has completed the combined Fifth and Sixth Reviews of Sri Lanka's Extended Fund Facility, unlocking immediate access to SDR 508 mi... Read More


Sri Lanka Unveils South Asia's First Solar Bakery Oven in Landmark Clean Energy Milestone

Sri Lanka, May 26 -- Sri Lanka became the first country in South Asia to unveil a solar hybrid bakery oven, designed with both solar and biogas energy sources to ensure uninterrupted operation despite... Read More