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Last Updated = Mon, Jun 14, 2021, 12:37 pm SL Time

* Concessionary scheme for businesses and individuals affected by the third wave of COVID-19

June 14 (CP) Colombo- Considering the difficulties faced by the borrowers of Licensed Finance Companies and Specialized Leasing Companies [hereinafter referred to as Non-Banking Financial Institutions (NBFIs)], due to the third wave of COVID- 19 pandemic, the Central Bank of Sri Lanka (CBSL) issued circular No. 06 of 2021
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* ComBank Digital partners with LankaPay to facilitate payments to the Government Sector Institutions

June 13 (CP) Colombo- In an innovative move, “ComBank Digital”, the omnichannel Platform offered by the Commercial Bank of Ceylon PLC, is now integrated with the LankaPay Online Payment Platform (LPOPP).
[Full Story]

* ComBank Card holders to enjoy discounts of 50% and other benefits on Uber Eats

June 12 (CP) Colombo- A discount of 50% and other exciting offers await Commercial Bank Credit Card holders ordering food and essential items via the Uber Eats app, following a partnership between the Bank and the food delivery platform.
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* Excise Department grapples with billions of rupees in lost tax revenue

June 13 (Island) The continued prohibition on liquor sales due to existing travel restrictions in the country has dealt a crippling blow to the Excise Department with the loss of tax revenue exceeding a whopping Rs. 10 billion (Rs. 10,000 million) so far.
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* Sri Lanka will be Asia’s next growth haven - CCC Chief

June 13 (SO) The opportunity that Sri Lanka presents is beyond debate. A comparison of Potential vs Baseline at sectoral and national level, as well as the breadth and depth of innate and undercapitalised resources, point to the potential for rapid growth, said Chairman, Ceylon Chamber of Commerce, Dr. Hans Wijayasuriya
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* New NPL classification could reduce NBFI lending to MSMEs: AFC Chairperson

June 12 (DM) Sri Lanka’s oldest non-bank financial institution (NBFI), Alliance Finance Company (AFC) PLC warns that the recent amendment with regard to the classification of non-performing loans (NPLs) in the NBFI sector would lead to a significant contraction in lending to the micro and emerging SME sector and push vulnerable borrowers to the informal lending sector including loan sharks.
[Full Story]

* Dialog’s DOC990 partners the Sirisanda Samupa Suwasewana Co-Operative Hospital

June 13 (CP) Colombo- Powered by Dialog Axiata PLC, Doc990, Sri Lanka’s pioneering digital health solutions service provider, recently collaborated with the Sirisanda Samupa Suwasewana Co-operative Hospital to enable customers with access to medical services in over 132 private hospitals across the island.
[Full Story]

* Sri Lanka’s official reserves down to USD 4bn by end May; YTD rupee depreciation 6.7-pct

June 12 (LBO) Sri Lanka’s official reserves were 4 billion US dollars (USD 4,018.1mn) by the end of May, down from 4.5 billion US dollars in April, the latest Central Bank data showed. By the end of May, the foreign currency reserves were 3,530.7 million dollars while the reserve position in the IMF was 69.1 million dollars.
[Full Story]

* Courtyard by Marriott to debut in Sri Lanka

June 12 (CP) Colombo- Marriott International is set to introduce the Courtyard by Marriott brand to Sri Lanka, this year. The hospitality giant has signed an agreement with Colombo City Centre Partners (Private) Limited, part of the Abans Group, for this 164-key hotel, expected to open in late 2021.
[Full Story]

* Ceylon Tea on the brink of losing global appeal

June 13 (ST) Ceylon Tea synonymous with quality and uniqueness of its origins could lose its place in the global market as smallholder growers who contribute 70 per cent of production face a crisis due to the new fertiliaer policy.
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* Investors in 85 countries well acquainted with strategic benefits of a Sri Lanka presence

June 12 (Island) The 2021 Invest Sri Lanka Forum held through June 7-9 provided potential investors with comprehensive coverage of policy topics and deep dive sessions on sectoral opportunities for investments as well as details on the enabling business environment in Sri Lanka.
[Full Story]

* Colombo City Centre Residences sells over 85% of inventory

June 12 (DN) The Colombo City Centre Residences project is one of the most celebrated living spaces in Colombo, especially during the prevailing conditions and circumstances in the country.
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