CB’s notice to public and money changers
The public is hereby notified that in terms of the provisions of the Foreign Exchange Act, No. 12 of 2017, Money Changers have been prohibited from offering higher exchange rates…
Apple acquires UK’s open banking startup Credit Kudos
Credit Kudos, a UK open banking startup that helps lenders make better decisions, has been acquired by US tech giant Apple. The deal closed earlier this week, according to three…
Ratmalana airport resumes international flights
The Colombo International Airport Ratmalana (CIAR) resumed scheduled international and regional flights after a lapse of 55 years. Accordingly, Flights between Sri Lanka and the Maldives will be operated by…
Dollar exchange rates closing on Rs. 300
The exchange rate of dollar has climbed close to Rs. 300 according to the rates published by the licenced commercial banks on 23rd March. Following is the selling rate of…
FreeBalance Wins PFM Reform Award in Sri Lanka
Ottawa-based FreeBalance Inc, a global Public Financial Management (PFM) solutions and advisory services firm, was recognized with the ‘Excellence in Public Finance Reform’ award at the Asian Digital Finance Forum…
OECD plans on a new tax transparency framework for crypto-assets
The OECD has released a public consultation document concerning a new global tax transparency framework to provide for the reporting and exchange of information with respect to crypto-assets, as well as proposed…
New 20 rupee commemorative coin issued by Sri Lanka
Sri Lanka’s central bank said it has issued a 20 rupee coin commemorating the 150th anniversary of the Faculty of Medicine at the University of Colombo. The first coin was…
Fed increases interest rates by 25 bps and signals more hikes ahead
The Federal Reserve raised interest rates by a quarter percentage point and signaled hikes at all six remaining meetings this year, launching a campaign to tackle the fastest inflation in…
GemVault Fintech Becomes First-ever Sri Lankan Company to be listed on Bitcoin.com
GemVault Fintech (PVT) Ltd., the mother company of GemPay, a cryptocurrency payment gateway and processor has now been listed on Bitcoin.com under Bitcoin Maps. Bitcoin Maps is a leading tool…
Big four consultancy firms to cease operations in Russia and Belarus
The big four consulting firms — Deloitte, KPMG, EY and PwC have announced the withdrawal of operations in Russia and Belarus over Moscow’s invasion of Ukraine. A spokesperson for KPMG…