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Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 45.3% in May 2022 from 33.8% in April 2022. This increase in Yo-Y inflation was driven by the monthly increases of both Food and Non-Food categories. Accordingly, Food inflation (Y-o-Y) increased to 58.0% in May 2022 […]
The Bank for Everyone, and one of the pioneers in the Banking industry to embracecycling, DFCC Bank celebrated World Bicycle Dayrecently.WorldBicycle Day falls on 3rd June each year and draws attention to the various health and environmental benefits of cycling; a simple, affordable, clean and environmentally friendly means of transportation. To commemorate this day, the […]
Recognising the need to implement a comprehensive cross border transactions and domestic foreign currency transactions monitoring system as a key national priority, the Central Bank of Sri Lanka (CBSL) has implemented a new data collecting system known as the International Transactions Reporting System (ITRS) with the participation of Licensed Commercial Banks (LCBs) and Licensed Specialised […]
The Commercial Bank of Ceylon recently presented Rs 5 million in cash prizes to the lucky winners of the Bank’s ‘Win a Million’ remittance promotion launched in January this year. This included cheques to the value of Rs 1 million each to four first prize winners and consolation prizes of Rs 25,000 each to another […]