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Commercial Bank leads effort to bring PayPal to Lanka
PM backs move to boost digital economy
Commercial Bank of Ceylon has taken a leading role in efforts to introduce PayPal to Sri Lanka, in a development welcomed by Prime Minister Dr. Harini Amarasuriya as a boost to the country’s digital economy ambitions.
The Prime Minister made the remarks at a special event attended by senior government officials, industry leaders, and representatives of financial institutions, where the new collaboration between Sri Lanka’s banking sector and the global payments platform PayPal was highlighted.
According to the Finance Ministry, the initiative marks a significant step forward in expanding Sri Lanka’s digital economic framework. Commercial Bank of Ceylon has been at the forefront of facilitating the introduction of PayPal services in the country.
In the initial phase, Bank of Ceylon (BOC), Commercial Bank, and Sampath Bank are expected to roll out PayPal-related services, with additional banks likely to join in the coming months.
The move is expected to provide freelancers, entrepreneurs, startups, and consumers with a secure gateway for international transactions.
Officials said the development would particularly benefit Sri Lanka’s small and medium-sized enterprises (SMEs), which contribute around 52% of GDP, by easing access to global markets and removing key barriers faced by freelancers and digital entrepreneurs.
Prime Minister Amarasuriya, speaking at the event, said the initiative was “a moment worth celebrating,” adding that it signalled international recognition of Sri Lanka’s role in the digital economy. She said the government’s growth strategy was based on equity, transparency, and accountability, and that the new system would create job opportunities while strengthening secure and globally recognised financial channels.
PayPal’s Senior Vice President for International Cross-Border Trade, Nadia Syed, said the platform would enable Sri Lankan entrepreneurs and freelancers to receive payments seamlessly from overseas clients. She added that further details on service rollout would be announced through banking partners in the coming weeks.
Representatives from participating financial institutions, including Commercial Bank, said the initiative would significantly strengthen Sri Lanka’s digital financial ecosystem.
Banks are expected to provide customers with further information on how to activate the service once it becomes operational.
News
USS Canberra departs Colombo
USS Canberra of the United States Navy departed the island on 14 Jun 26, following a successful replenishment port call. The Sri Lanka Navy extended a traditional naval farewell to the departing vessel at the Port of Colombo.
During the ship’s stay, the Commanding Officer of USS Canberra called on the Commander Western Naval Area at the Western Naval Command Headquarters
News
The use of local organic Agricultural products in the Bakery Industry will strengthen both local farmers and the tourism industry – PM
Prime Minister Dr. Harini Amarasuriya stated that the use of local organic agricultural products in bakery production would provide significant support to both local farmers and the growth of the tourism industry.
The Prime Minister made these remarks while addressing the Annual meeting of the All Ceylon Bakery Owners’ Association, held at the Shangri-La Hotel, Colombo, on Friday (12 June).
The Prime Minister stated,
“At a decisive moment when the country is moving towards a new phase of economic transformation, I believe that the bakery industry has the potential to become a key driver of the national economy, rather than remaining limited to flour-based products alone.
The food production must be mainly considered the quality and safety of food. Therefore, instead of focusing solely on taste, we should introduce nutritious and healthy products to the market that are free from artificial flavourings and colourings.
By using ingredients such as rice flour, finger millet, foxtail millet, green gram, and indigenous tubers to create value-added products, the bakery industry has the opportunity to capitalize on the growing global trend towards health-conscious diets.
The use of local organic agricultural products in food prepared for foreign tourists will provide substantial benefits to local farmers while also contributing to the growth of the tourism industry. At the same time, the government remains committed to strengthening local entrepreneurs by reducing challenges related to the importation of raw materials, providing concessionary loans for new technologies, and offering the technical assistance required to meet international standards.
The government has already launched programmes through the Ministry of Industries to provide the necessary training and market linkages to help small and medium-scale bakery owners develop and expand their businesses”.
The occasion was attended by the Deputy Minister of Industries Chathuranga Abeysinghe, President of the All Ceylon Bakery Owners’ Association N.K. Jayawardana, and a number of members of the Association were also present at the event.

Prime Minister’s Media Division
News
Prime Minister meets with UNICEF delegation
Prime Minister Dr. Harini Amarasuriya met with a delegation from the UNICEF on Friday (June 12) at Temple Trees to discuss ongoing efforts to support the recovery of the education sector following the impact of Cyclone Ditwah.
Discussions focused on the implementation of activities outlined in the report titled “Cyclone Ditwah Education Emergency Response Plan: Phase 1 Progress Updates (January–April 2026).” The meeting provided an opportunity to review the progress achieved during the initial phase of the response and to discuss future interventions aimed at supporting children and schools affected by the disaster.
The Prime Minister and the UNICEF delegation also exchanged views on strengthening collaboration to ensure the continuity of education and the well-being of affected children.
The UNICEF delegation included Emma Brigham, UNICEF Representative, Begona Arellano, Deputy Representative, and other UNICEF officials.

(Prime Minister’s Media Division)
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