|
Central Bank to extend branchless banking:
Common ATM, mobile payment switch soon
The Central Bank will set up a common ATM, mobile
switch and a card switch which will be extended as a common payment
switch for the first time in Sri Lanka shortly. Central Bank’s
Assistant Governor Janaki Mampitiya making a presentation on “Mobile
Payments Initiatives in Sri Lanka” at the National Information
Technology Conference 2011 in Colombo recently said the mobile
switch will have the facility to directly connect to mobile switches
used by individual banks which will enable inter bank settlements
through the accounts maintained at the CBSL.
 Full Story
National cinnamon trading facility soon
The cinnamon industry will have the benefit of a
National Cinnamon Trading Academy shortly with an investment of Rs
70 million “We have funding from the UNIDO and WTO for the training
component and establishment of curricular including other needs. The
Spice Council has set up a special company under the name Cinnamon
Training Academy Limited to facilitate the national academy, Spice
Council founder Chairman Sarada de Silva told Daily News Business.
Full Story
Fitch affirms NSB at ‘AAA(lka)’
Fitch Ratings Lanka has affirmed National
Savings Bank’s (NSB) National Long-Term rating at ‘AAA(lka)’. The
outlook is stable. NSB’s rating reflects its full state ownership
and importance to the government in terms of its stipulated policy
role under the NSB Act No. 30 of 1971 of mobilising retail savings
and investing in government securities (GS).
Full Story
|
