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Sri Lanka has been living above its means, but prognoses look promising. Inflation is expected to level off around five percent, as is government expenditure at around 20 percent of GDP.

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The automated teller machine (ATM) network of Commercial Bank of Ceylon dispensed a record Rs. 8.818 billion on 9 and 10 April, shattering the previous records for the highest and second-highest cash disbursements for a 24-hour period

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HSBC on Wednesday announced the roll out of sustainable payment cards made from 85 per cent recycled plastic in Sri Lanka.

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SLT-MOBITEL’s revolutionary mobile money platform, mCash, which is transforming the country’s electronic payments landscape has partnered with UnionPay International (UPI) to enhance digital enablement in Sri Lanka.

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A national initiative will be implemented through a joint action plan of the Provincial Councils and Local Government institutions to revive the tourism industry post-pandemic, Tourism Minister Prasanna Ranatunga said.

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Sri Lanka is set to achieve unprecedented economic gains from the Colombo Port City

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Sri Lanka’s state-owned National Film Corporation (NFC) is now running at a loss as the revenue from screening films in local cinema halls has come down to a very low level.

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The Finance Houses Association of Sri Lanka (FHA) the apex body of all Registered Finance companies has announced the introduction of its revised Self-Regulation Code which has been voluntarily practiced by member were effected with a view to maintain the highest standards on strategic and business operations in Sri Lanka’s Non-Banking Financial and Leasing Institutions (NBFI) sector.

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The Embassy of Sri Lanka in Germany recently initiated and facilitated the signing of a MOU between the Information and Communication Technology Agency (ICTA) of Sri Lanka and ENPACT e.V. in Berlin, Germany, which represents the Berlin Senate’s start-up initiative “AsiaBerlin”.

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The rupee bounced back fuelled by improved outlook on foreign reserves.The Telegraphic Transfer selling rate of the dollar was Rs. 201.28, down from the peak of Rs. 204.62 on Thursday.

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