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First cheque deposit machine

First cheque deposit machine

The Commercial Bank of Ceylon launched the first fully-automated cheque deposit service machine at its City Office in York Street, Colombo this week. This cheque deposit machine eliminates the need for the filling up of cheque and account details on a deposit envelope. The depositor is required only…

Mangala leads lankan delegation to adb manila confab

Mangala leads lankan delegation to adb manila confab

Finance and Mass Media Minister Mangala Samaraweera will lead the Sri Lankan delegation at the 51st Asian Development Bank (ADB) Board of Governors’ Annual Meeting 2018 at the ADB Headquarters in Mandaluyong City in Manila. Minister Samaraweera, who is also the ADB Governor for Sri Lanka, will address…

Sri Lanka targets USD2.5Bn in FDI in 2018, USD 5Bn by 2020:Fin Min

Sri Lanka targets USD2.5Bn in FDI in 2018, USD 5Bn by 2020:Fin Min

Sri Lanka’s government is looking at attracting up to US 2.5 billion dollars in Foreign Direct Investments (FDI) in 2018, and to double it to US 5 billion by 2020, a statement said. In 2017 the the highest FDI inflows came from China, followed by Hong Kong, India and…

Lanka’s forex reserve increases to US$ 7.9 bn in February

Lanka’s forex reserve increases to US$ 7.9 bn in February

Sri Lanka’s forex reserve assets increased to US$ 7.9 billion in February 2018, above the average four month…

Sri Lanka must enhance fiscal income to offset narrowing external drains: Fin Min

Sri Lanka must enhance fiscal income to offset narrowing external drains: Fin Min

Sri Lanka’s Finance minister says the island must optimize utilizing local resources with a well-managed and efficient tax…

Sri Lanka to raise USD5Bn from Sovereign and Development Bonds in 2018

Sri Lanka to raise USD5Bn from Sovereign and Development Bonds in 2018

Sri Lanka’s cabinet of ministers have given approval to raise up to US 2 billion dollars through foreign commercial…

ADB doubles its assistance to Sri Lanka to USD1bn

ADB doubles its assistance to Sri Lanka to USD1bn

Asian Development Bank (ADB) has doubled its multi-sectoral assistance to Sri Lanka as a result of the merger…

IMF, WB praise country’s economic performance – Minister Karunanayake

IMF, WB praise country’s economic performance – Minister Karunanayake

The current economic performance of Sri Lanka was given a special praise during the ongoing biannual summit of…

Sri Lanka finance minister pledges fiscal discipline

Sri Lanka finance minister pledges fiscal discipline

After a warning from the International Monetary Fund about its thin foreign-currency reserves, the Sri Lankan government has…

ADB to introduce new partnership strategy with Sri Lanka

ADB to introduce new partnership strategy with Sri Lanka

Asian Development Bank is working on a new country partnership strategy with Sri Lanka’s government to address dynamic…

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