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Implementing a mobile application ‘SL- Remit’ to facilitate foreign remittances

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The Central Bank of Sri Lanka (CBSL) had appointed a Working Committee to study and suggest new remittance channels for Sri Lanka and to make recommendations on reducing the cost of remitting money, having identified the need to introduce new and low cost remittance channels with the objective of increasing the inflows of foreign remittances while discouraging the use of informal channels.

The Working Committee comprised experienced professionals from Bank of Ceylon, People’s Bank, Sampath Bank PLC, Commercial Bank of Ceylon PLC, Hatton National Bank PLC, The Hongkong and Shanghai Banking Corporation Limited, Cargills Bank Ltd, Dialog Axiata PLC, Mobitel (Pvt) Ltd and CBSL.

The Working Committee has proposed the implementation of a National Remittance Mobile Application titled “SL-Remit” to attract more remittances to Sri Lanka with features such as self registration of users, the ability to link to global money transfer operators & global FinTechs to facilitate remittances from any country, instant fund transfer to any bank account/mobile wallet in Sri Lanka.

In addition, the application would include value-added services such as direct bill payments, attractive foreign exchange rates and low transaction fees. CBSL will now implement the “SL-Remit” mobile application with the assistance of stakeholders, including the Ministry of Finance, Ministry of Foreign Affairs, Sri Lanka Banks’ Association, Sri Lanka Bureau of Foreign Employment and LankaClear (Pvt) Ltd.



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Lotus Tyres celebrates success with luxurious retreat for top performing dealers

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Lotus Tyres dealers and families

Samson Rubber Industries Pvt. Ltd recently arranged a luxurious retreat at a star-class hotel to express gratitude to Lotus Tyres dealers and their families. The dealers and their family members enjoyed two days of relaxation and fun at Hotel RIU – Ahungalle, creating lasting memories together. Lotus Tyres, which previously organised a similar programme at the RIU Hotel, received high praise from Tyre Dealers for organising another successful event. Winners of the sales promotion programme organised for dealers who met their sales targets last year (2023), were rewarded with this special opportunity. The event was attended by the management of Samson Rubber Industries, along with the sales and marketing team of Lotus Tyres.

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ComBank donates milestone 300th IT Lab to Nalanda Boys School Minuwangoda

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Commercial Bank Chairman Sharhan Muhseen, Deputy Chairman Raja Senanayake and Managing Director/CEO Mr Sanath Manatunge at the formal opening of the 300th IT Lab donated by the Bank.

Commercial Bank of Ceylon’s nationally-significant campaign to boost digital literacy in Sri Lanka has reached an impactful milestone with the completion of the 300th IT Lab donation by the Bank.

Commercial Bank Chairman Sharhan Muhseen, Deputy Chairman Raja Senanayake, Managing Director Sanath Manatunge, Chief Financial Officer Nandika Buddhipala and Deputy General Manager Retail Banking & Marketing Hasrath Munasinghe, who are Trustees of the Bank’s Corporate Social Responsibility Trust, led the Bank’s representation at the beneficiary school – Nalanda Boys Central College, Minuwangoda, at this event.

Every IT lab donated by the Commercial Bank is equipped with new computers and accessories, and furniture, and is maintained and upgraded by the Bank periodically to ensure that the labs are used by multiple batches of students over many years. The Bank estimates that the IT labs it has donated to schools have already benefitted more than 300,000 students.

Funded as a flagship corporate social responsibility initiative of its CSR Trust, Commercial Bank’s IT education programme is aligned with the country’s Sustainable Development Goals, one of which is to ensure inclusive and equitable quality education and promote lifelong learning opportunities for everyone.

In 2023, the Bank launched a new project to promote science education in 50 schools in collaboration with the National Science Foundation (NSF) and the Science Branch of the Ministry of Education. The project is one of a series of initiatives supported by the Bank to take science, technology, engineering, and mathematics (STEM) education to schools across the country.

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Eco Tablet launches latest vehicle-care products

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Media Coordinator of Eco Tablet Rangila Dasanayaka at the launching event

Eco Tablet has launched their latest products, Glass Reborn and Glass Cleaner Rain Drop, which clean all the glass and side mirrors of vehicles and give them a brighter and transparent look. Their latest product, Glass Reborn removes dust particles, acid rain stains and minor scratches from front and rear windshields, door and quarter glasses and side mirrors, giving them a brand new and clear look. It can be used for glasses and side mirrors of vehicles manufactured in any part of the world such as Japan, Europe, India, Korea, the United States of America and China. After shaking the Glass Reborn bottle, a few drops of it should be applied on the glasses and mirrors and rubbed well to remove stains. It should later be wiped with a microfiber or clean piece of cloth. A 130 millilitre-bottle of Glass Reborn can be used for more than five small cars.

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