Sri Lanka’s LB Finance is branching out to the Philippines with an initial investment of US$ 650,000 to provide financial services.
The company said in a statement that Central Bank approval has been granted to set up this wholly owned overseas subsidiary under the “LB Finance Philippines Inc".
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A former secretary to the Ministry of Trade , former additional secretary and chief finance official have been arrested over corruption charges , the Commission to Investigate Allegations of Bribery and Corruption said.

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