New leadership at SLCGE pledges policy advocacy to strengthen SME apparel exports

TheSri Lanka Chamber of Garment Exporters (SLCGE)held its28th Annual General Meeting (AGM) in Colombo, marking a significant leadership transition and signalling a renewed policy-driven focus on enhancing the competitiveness of Sri Lanka’s small and medium-scale apparel exporters. A key highlight of the AGM was the conclusion of Mr. Bandula Fernando’s distinguished 13-year tenure as President […]

IMF Staff Concludes Sri Lanka Visit; Policy Talks for Next EFF Review Set to Resume ASAP

An International Monetary Fund (IMF) team, led by Evan Papageorgiou, concluded a visit to Colombo conducted from January 22 to 28 to assess the economic impact of Cyclone Ditwah. During the mission, the team engaged with authorities and stakeholders to understand the social and economic damage caused by the storm, specifically regarding infrastructure and livelihoods. […]

Pine Labs expands its footprint by deploying an API-first Card Issuing & Processing Platform for PABC

One of Sri Lanka’s largest listed entities, the Pan Asia Banking Corporation (PABC) and global fintech platform Pine Labs have today announced a partnership that will see the fintech major implementing an end-to-end card management platform for the bank. Under this partnership, Pine Labs will deploy a full-stack Credit Card Management System for Pan Asia […]

Sri Lanka’s Central Bank keeps the overnight policy rate (OPR) unchanged

At its meeting held yesterday, the Monetary Policy Board decided to keep the Overnight Policy Rate (OPR) unchanged at 7.75%, citing an assessment of recent domestic economic developments, the outlook ahead, and continuing global uncertainty. The Board is of the view that the current monetary policy stance will support steering inflation towards the target of […]

ComBank to boost WSME, Agri SME financing with IFC’s USD 60 Mn Risk Sharing Facility

Reinforcing its position as Sri Lanka’s largest lender to small and medium enterprises (SMEs), the Commercial Bank of Ceylon has partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to significantly expand the Bank’s capacity to lend SMEs nationwide.  Under this partnership, IFC will provide risk cover for a US$60 […]

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