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The General Direction No 01 of 2018 as per the Monetary Board of the Central Bank of Sri Lanka under section 44 of the Payment and Settlement Systems Act No 28 of 2005 came into immediate effect as of 25 July 2018 implies to the operations of the Common Electronic Fund Transfer Switch, Lanka Clear (Pvt) Ltd and members of CEFTS. [8]
The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration. [1]
Arshiya International will be developing three more Free Trade and Warehousing zones in Central, South and East of India. Cochin Special Economic Zone is a Special Economic Zone in Cochin, in the State of Kerala in southwest India, set up for export- oriented ventures.
Commercial Bank of Ceylon PLC (CBC) also known as ComBank is a licensed commercial bank in Sri Lanka and its ownership is private. It was incorporated as a public limited company and it is listed on the Colombo Stock Exchange. It is regarded as the largest private bank in Sri Lanka in terms of net worth and capital. [2]
Established in 1978, Katunayake is Sri Lanka's first EPZ, located near the international airport, and is a key zone for garment manufacturing and other exports. [8] Koggala EPZ: Galle District: This EPZ, established in 1991, focuses on industries such as garments and manufacturing, located in Southern Sri Lanka. [9] Malwatta EPZ: Gampaha District
1948: Ceylon obtained her independence from the British; the monetary authorities were transferred to Sri Lanka. The Central Bank of Sri Lanka was established in 1949 and it assumed responsibility for monetary policy and bank regulation. 1949: BoC opened its first overseas branch in London, United Kingdom.
Sri Lanka earned $1.3 billion from tourism in the first eight months of 2023, up from $833 million dollars during the same period last year, according to the central bank. (Reporting by Uditha ...
The Sri Lanka Interbank Payment System, commonly known as SLIPS, is a LKR-only online interbank payment and fund transfer system in Sri Lanka. [1] [2]SLIPS is owned by LankaClear, an organization owned by the Central Bank of Sri Lanka and all Licensed Commercial Banks operating in Sri Lanka, with 47.19% of shares held by the CBSL and State owned commercial banks, and 52.81% by other private banks.