The Central Bank of Sri Lanka together with LankaClear (Pvt) Ltd., ( LCPL) achieved a significant milestone in the country’s payment landscape by launching the National Card Scheme (NCS). NCS, will be operated by LCPL in partnership with the international payment card operator JCB International of Japan. Initially, a debit card will be issued under…
The Commercial Bank of Ceylon has become one of the first banks in Sri Lanka to have its point-of-sale (POS) network accept LankaPay-JCB (Japan Credit Bureau) co-branded cards issued under the national card scheme programme. This follows the integration of Commercial Bank and the LankaPay Common POS Switch System enabling the Bank to acquire JCB…
Moody’s Investors Service (“Moody’s”) yesterday assigned a B2 rating to the Government of Sri Lanka’s proposed senior unsecured US dollar-denominated bonds. The rating is based on the preliminary offering memorandum received on 19 June, 2019. The bonds will rank with the Government of Sri Lanka’s current and future senior unsecured external debt. The B2 rating…
(Reuters) – Sri Lanka rupee rose on Monday buoyed by hopes of dollar inflows into two sovereign bonds launched earlier in the day, while shares fell for the third straight session to hit a near two-week low on foreign outflows, market sources said. ** The island nation launched the sale of 5-year and 10-year sovereign…
The latest data of the Central Bank of Sri Lanka (CBSL) points out that the government securities held by foreign investors in Sri Lanka (Treasury Bills and Treasury Bonds) had gradually increased recording an inflow of Rs.880 million in a week, during the period from 12 June 2019 to 19 June 2019. The value…
The newly appointed High Commissioner-designate of Sri Lanka to the Republic of Singapore, Sashikala Premawardhane assumed duties at the Mission on 24 June 2019. Her assumption of duties was marked by a simple ceremony that began with the lighting of traditional oil lamp, followed by religious observances and chanting of Pirith by Maha Sangha. Speaking…
ICRA Lanka Limited has assigned the issuer rating of [SL] AAA with stable outlook to National Savings Bank. The rating takes note of the 100% Government of Sri Lanka (GoSL) ownership, which provides a strong likelihood of sovereign support and, the 100% explicit guarantee provided by the Government of Sri Lanka (GoSL) for the moneys…
The 13th U.S.-Sri Lanka Trade and Investment Framework (TIFA) Joint Council Meeting was held on June 19 & 20, 2019 in Colombo, Sri Lanka. The meeting was inaugurated by Hon. Malik Samarawickrama, Minister of Development Strategies & International Trade, and Assistant United States Trade Representative (AUSTR), Mr. Christopher Wilson. At the outset, AUSTR Wilson extended his…
SriLankan Airlines in an effort to improve tourism between India and Sri Lanka organized a MICE promotions activity by bringing in 200 travelers from Chennai last week. Accordingly a groups of travelers from Chennai arrived Sri Lanka in a fact finding mission to promote Sri Lanka as safe destination to travel. Upon their arrival the…
Representation of all Lufthansa Group Airlines in the country:Lufthansa German Airlines, Austrian Airlines, Brussels Airlines, SWISS and Edelweiss United Ventures (Private) Limited to complete Lufthansa Group Airlines representation effective June 2019 Two weekly flights of SWISS sister company Edelweisson Colombo-Zurich route confirmed for winter schedule 2019/20 The Lufthansa Group has today announced the appointment of…
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