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By Hiran H.Senewiratne Sri Lankans remit around US $ 7.5 billion annually to Sri Lanka but due to some of them channeling these remittances through unauthorized money schemes, Sri Lanka loses US$ 2 billion of these funds. “This is the reason why the Central Bank introduced ‘SL Remit’, CBSL Governor Ajith Nivard Cabraal said. “SL […]
Continuing efforts to transform Sri Lanka into a vibrant cashless economy, HNB PLC conducted a QR activation programme to onboard merchants in Gampaha to its digital platform SOLO in support of the ‘Rata Purama LANKAQR’ campaign launched by the Central Bank of Sri Lanka. HNB, together with other financial institutions and telecommunication partners, participated in […]
The Central Bank of Sri Lanka (CBSL) is currently taking steps to increase the inflows of foreign remittances to Sri Lanka as well as encourage the use of formal remittance channels when sending remittances to the country. Accordingly, the Central Bank of Sri Lanka initiated a National Remittance Mobile Application branded as “Lanka Remit”. It...
The Asian Development Bank (ADB) will continue supporting private sector-led development in Uzbekistan, including renewable energy, as the country pursues a new development strategy, ADB President Masatsugu Asakawa said today in a virtual...
India has handed over 1,000 houses built under the third phase of its housing project to Indian-origin beneficiaries, mostly Tamils, in Sri Lanka’s plantation areas on the occasion of Pongal, Indian High Commission here said on Sunday. As many as 4,000 houses are being constructed with grant assistance from India in plantation areas, spread across seven districts of Sri Lanka,