Domestic payment cards drive economic and social benefits

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A groundbreaking research carried out in five major continents across the world by Anthemis Group has found that domestic card schemes...

Employers enjoy automated ETF payments through DFCC iConnect

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With the expansion of DFCC Bank’s digital footprint within the country’s banking industry, the Bank has placed added focus on the SME...

Maximum interest rate on credit cards reduced to 18%

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The Central Bank of Sri Lanka (CBSL) has revised the regulated interest rates for Credit Cards, Pre-arranged Temporary Overdrafts, Pawning Facilities...

CBSL to announce housing credit scheme for low, middle-income groups

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Going forward, the Central Bank of Sri Lanka (CBSL) will announce a housing credit program for low and middle-income groups, Central Bank Governor...

NDB lends over Rs. 4 billion under Saubhagya loan scheme

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NDB Bank has approved over Rs. 6.5 billion in funds for over 1,000 applications through the Central Bank of Sri Lanka...

BOC tied up with SLT to launch first ever Dynamic QR for utility bill...

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Sri Lanka’s No. 1 bank, BOC recently tied up with the National telecommunication provider, Sri Lanka Telecom, to launch the first...

Two companies delisted from CSE within a week

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The Colombo Stock Exchange today (29) announced that it has delisted shares of PC Pharma PLC from the official list of the...

Rs.39.5 billion Treasury bills to be issued today. Rs.110 billion Treasury Bond auction tomorrow

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The Central Bank of Sri Lanka (CBSL) has decided to issue Rs.39.5 billion worth Treasury bills today (29 July 2020).

Nations Trust Bank American Express ties up with PickMe

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Nations Trust Bank American Express joins hands with PickMe, Sri Lanka’s leading mobility solutions provider, to provide convenient and cashless payment methods...

People’s Bank’s Rs. 20bn debenture issue oversubscribed

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 People’s Bank’s BASEL III, Tier 2 compliant, Unlisted, Rated, Unsecured, Subordinated, Redeemable Debenture issue was oversubscribed receiving in excess of Rs. 20...

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PickMe Will Now Let You Treat a Friend

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Back in 2014, PickMe was an idea in its infancy meant to serve as a ride-sharing app for tuk-tuks. Today it...

Sri Lanka ranks 83 among 162 jurisdictions on Economic Freedom of World index

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Sri Lanka ranks 83  out of 162 countries and territories included in the Economic Freedom of the World: 2020 Annual Report,...

Sri Lanka progressed in human capital gains: World Bank

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The World Bank Group’s 2020 Human Capital Index, released today, finds that a child born in Sri Lanka today will be...