Business

Commercial Bank of Sri Lanka Completes Liquidation of Money Transfer Unit in Italy

Sri Lanka’s Commercial Bank of Ceylon PLC has officially completed the liquidation of its subsidiary, Commex Sri Lanka S.R.L., located in Rome, Italy. The bank first announced the voluntary liquidation of the wholly-owned subsidiary in August 2022. The final procedures have now been concluded, and Commex Sri Lanka S.R.L. has been deregistered from the Chamber

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Sri Lanka News

Sri Lanka Launches Digital Reporting Program for Foreign Workers

Sri Lanka is set to launch a digital program allowing migrant workers to report concerns while employed abroad, according to Minister of Labor and Foreign Employment, Manusha Nanayakkara. The new initiative will be accessible via smartphones, enabling domestic workers to report issues such as unpaid salaries or any other problems they encounter. This development was

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