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Since Feb 2010 |
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09.03.2010 - 07 (22:40 SLT)
By Amarasara - Tuesday, March 09, 2010 - View Full Newsletter
Foreign exchange transactions relaxed (09.03.2010 - Daily
News, SL)
The Central Bank of Sri Lanka yesterday
announced further relaxation of foreign exchange transactions with the
following measures to be implemented with effect from March 11 in
relation to foreign exchange
transactions.
A Sri Lankan resident who is earning foreign exchange from investments
abroad as approved by the Central Bank, engaged in providing
international professional services in Sri Lanka or abroad, engaged in
any occupation abroad or who have proceeded outside Sri Lanka for
education and/or for medical treatment and exporters of goods will be
permitted to open and maintain bank accounts abroad, the bank said. .........................>>
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05.03.2010 - 02 (10:35 SLT)
By Amarasara - Thursday, March 04, 2010 - View Full Newsletter
Senior citizens get bonus on interest (05.03.2010 - Daily
News, SL)
All Sri Lankan citizens above 60 will receive a
bonus interest of 20 percent on the interest drawn from their savings
and fixed deposit accounts maintained at any state or private registered
bank in Sri Lanka from January 1 this year, Export Development and
International Trade Minister and Cabinet Spokesman Prof. G. L. Peiris
said. ..............................>>
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24.02.2010 - 12 (23:59 SLT)
By Amarasara - Wednesday, February 24, 2010 - View Full Newsletter
Banks : Have we used them well enough ? - by Thanushka
Jayasundera (24.02.2010 - Daily News, SL)
At times as you
walk along the road, you see many advertisements by banks and you may
wonder if Sri Lanka is over banked. If we divide the total population of
Sri Lanka by the number of banks in operation we only have around less
than half a million customers per bank.
However it is no secret that even today most of us only use banks to
withdraw salaries or to maintain our day to day savings. ..............................>>
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19.02.2010 - 08 (23:59 SLT)
By Amarasara - Friday, February 19, 2010 - View Full Newsletter
SL has reached required reserve level;
Unlikely to buy more IMF gold – Central
Bank Governor (19.02.2010 - info.gov.lk)
Sri Lanka Central
Bank is unlikely to buy more gold from the International Monetary Fund
(IMF) right now as the country has already reached its required reserve
level, Central Bank Governor, Ajith Nivard Cabraal said. .....................>>
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18.02.2010 - 14 (23:59 SLT)
By Amarasara - Thursday, February 18, 2010 - View Full Newsletter
Learning Tamil for growth - Central Bank launches scheme to enhance
proficiency in official languages (18.02.2010 - The
Island, SL)
The Central Bank of Sri Lanka, having
understood the importance of possessing proficiency in Tamil language of
its staff, has launched a scheme for facilitating its staff to enhance
the mastery of Tamil languages with the collaboration of the Department
of Official Languages (DOL). ........................>>
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2010.02.14 - 36 (23:59 SLT)
By Amarasara - Monday, February 15, 2010 - View Full Newsletter
HSBC returns to Jaffna : To build
international investor confidence (14.02.2010 - Sunday Observer, SL)
HSBC
is the first foreign bank to open a branch in Jaffna after the 30 year
conflict. The branch was opened on February 11. On this occasion the
Sunday Observer interviewed the CEO of HSBC Nick Nicalaou on the bank’s
decision to open a branch and what plans are in place for the branch.
The excerpts of the interview.
Q: What made HSBC open a branch in Jaffna? .............................>>
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2010.02.14 - 29 (23:59 SLT)
By Amarasara - Monday, February 15, 2010 - View Full Newsletter
More than 30 bank branches to open in
Jaffna this quarter (14.02.2010 - Sunday Times, SL)
Jaffna : Out of
the 43 Central Bank (CB) approved commercial bank branches, 10 have
already started operations in Jaffna, according to CB officials. “There
are 33 more to start business and many are slated to open branches this
quarter,” Ananda Silva, Deputy Governor CB told Business Times on the
sidelines of the opening ceremony of HSBC’s branch in Jaffna. ...........................>>
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2010.02.14 - 17 (23:59 SLT)
By Amarasara - Sunday, February 14, 2010 - View Full Newsletter
BoC to shift focus to investment
banking (14.02.2010
- The Nation, SL)
Bank of Ceylon (BoC), Sri Lanka’s
largest state-owned commercial bank, has plans to shift its medium-term
corporate strategy from conventional banking methods to focus on the
lucrative investment banking as a means to achieve its targeted growth.
The new plan looks towards a future vision for the ‘Bankers to the
nation’, outlining the direction, focus, and vision that positions the
bank to enter its next phase of growth with a sharply defined strategy
congruent with Sri Lanka’s own development transformation process. ........................>>
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