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ComBank opens Indian Rupee Nostro Account to promote regional trade
The Commercial Bank of Ceylon has announced that it has opened an Indian Rupee denominated Nostro Account at the 116-year-old Indian Bank – Mumbai, to facilitate trade transactions between Sri Lanka and India.
SL plantation sector to diversify its product offerings to the world
While tea and rubber have put Sri Lanka on the map, it is an opportune time for Sri Lanka’s plantation sector to diversify its product offerings to the world. Planters’ Association of Ceylon Chairman, Senaka Alawattegama emphasized.
UK to support SL to secure extended financial facility with IMF
The United Kingdom stands ready to give its assurance as a member of Paris Club to the International Monetary Fund (IMF) for Sri Lanka debt restructuring paving the way for the unlocking of the US $ 2.9 billion extended fund facility.
Sri Lanka to discuss the repayment of emergency credits from India
Sri Lanka is to discuss the repayment of emergency credits from India separately from other defaulted debt, Central Bank Governor Nandalal Weerasinghe said.
International School to come up at Col. Port City with British collaboration
Preliminary discussions on the setting up of International School at Colombo Port City in collaboration with three leading British independent schools were held in Colombo recently.