The concerted efforts by Sri Lanka Tourism to promote the Island globally through its integrated and strategic campaign, continues to bring attention to the island. The strategies executed have led to a surge of positive reviews and recommendations from the world’s media, even during the pandemic. High profile coverage on CNN, BBC, and AL Jazeera…
The Foreign Ministry of Sri Lanka, jointly with the Sri Lanka Tourism Promotion Bureau, organized a virtual business to business (B2B) interactive session on 17 August, 2021, with the Member States of the Conference on Interaction and Confidence Building Measures in Asia (CICA) to enhance tourism cooperation. About 100 tourism industry experts representing the public and…
In a bid to address the urban food waste challenge in Sri Lanka, a National Roadmap on Urban Food Waste Prevention and Reduction for Households, Food services, Retailers, and Wholesalers was prepared by FAO for the Ministry of Environment. The roadmap maps out an evidence-based strategy and vision to effectively tackle the country’s urban food…
Reuters – The Central Bank of Sri Lanka (CBSL) became the first in Asia on Thursday to raise interest rates since the pandemic began, as it acted to stem inflationary pressure and high imports, one of the factors behind the rupee’s 8% depreciation this year. The central bank increased the standing deposit facility rate and…
By The Joint Apparel Association Forum (JAAF) Micro, small and medium enterprises (MSMEs) are the backbone of any economy, and that is certainly true for Sri Lanka. MSMEs make up more than 90% of all non-agricultural business establishments in the country and generate 52% of GDP. They also account for 47% of all employment in…
The Information and Communication Technology Agency (ICTA) announces an SMS-based system to manage home quarantined Covid- 19 patients. ICTA has initiated this system in collaboration with The National Operations Centre for Prevention of COVID-19 Outbreak (NOCPCO), the Ministry of Health, Telecom Regulatory Commission (TRC), and mobile operators; SLTMobitel, Dialog Axiata, Hutch, and Airtel. This system…
~ Another Pathbreaking Innovation from the Bank That Gave Sri Lanka Its First ATMs ~ ~ Customers of All Banks in Sri Lanka Can Withdraw Cash Safely During the Pandemic ~ Sampath Bank PLC announced the introduction of Touchless Cash Withdrawals at Automated Teller Machines (ATMs) for the first time in Sri Lanka, and possibly…
Lions Club Colombo Host District 306A1 recently concluded the second session of the Money Matters webinar series, “Money Matters 1.1 – Does Personal finances still work in our changing economy”. The webinar series is part of the Lions Club’s efforts to optimize financial literacy an inclusion around the country. The highly insightful session was facilitated…
Annual Report of Ministry of Finance discloses that Sri Lanka’s benchmark private bank accounted for more than a fifth of loans The Ministry of Finance has confirmed that the Commercial Bank of Ceylon was the biggest lender to Sri Lanka’s SME sector in 2020 among all state-owned, private and specialised banks in the country, accounting…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 18 August 2021, decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points each, to 5.00 per cent and 6.00 per cent, respectively. In addition, the…
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