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Central Bank

In Colombo
October 4, 2017 11:12 am gmt |
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1047
It has been revealed at the Presidential Commission of Inquiry that former Finance Minister Ravi Karunanayake had instructed state banks to bid at low rates during the bond auction held on March 29, 2016.  The Chairman of People’s Bank, Hemasiri Fernando, made this revelation while testifying today (...
In Srilanka
August 23, 2017 6:34 am gmt |
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1073
Former Central Bank Governor Ajit Nivard Cabraal appeared before the Bribery Commission today (Wednesday) to make a statement. He was in the Commission to provide a confession of financial fraud during the former president Mahnda Rajapakshe government regime. The past government’s regime has be...
In Srilanka
August 15, 2017 11:02 am gmt |
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1058
The Monetary Board of Sri Lanka’s Central Bank has decided to suspend the business activities of a Primary Dealer of Pan Asia Banking Corporation PLC (PABC) from today for a period of six months. The Central Bank in a statement released said the PABC will be suspended with effect from 10.00 a.m...
In Srilanka
August 12, 2017 12:14 pm gmt |
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1058
The Central Bank of Sri Lanka (CBSL) has permitted licensed banks to grant concessions to their borrowers who have been affected by the recent floods, adverse weather conditions and connected circumstances to facilitate the recommencement of their businesses and normalization of their activities. Acc...
In Colombo
June 20, 2017 10:24 am gmt |
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1084
Auditor General Gamini Wijesinghe says that former Central Bank Chairman Arjuna Mahendran’s act caused huge loss to the government. Further he said that by doing away with the direct placements and opting for the auctions had caused losses to the government in treasury bond issues. He revealed ...
In Latest Stories
April 24, 2017 4:02 am gmt |
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1087
The presidential commission appointed to investigate the Central Bank bond issue has summoned chairman of the COPE committee MP Sunil Handuneththi, Deputy Minister Harsha De Silva and former chairman of the COPE committee DEW Gunasekara. The presidential commission appointed to investigate the centra...
In Business
February 3, 2017 10:56 am gmt |
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1175
The Economic research Department of Central Bank states that Sri Lanka’s external sector has recorded a modest performance in October 2016 with a deterioration in the trade deficit amidst continued growth in tourist earnings. The trade deficit has widened in October as a result of higher import expen...
In Latest Stories
January 25, 2017 6:53 am gmt |
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1110
Minister Lakshman Kiriella said that the supreme court that heard a petition on the central bank bond transaction filed by three persons from the civil society has rejected without giving notice to the respondents. The respondents were unable to prove that illegal activity has taken place. The minist...
In Business
August 5, 2016 12:38 pm gmt |
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1381
As a further policy measure to develop the government securities market, the Central Bank from today has commenced releasing summary trading statistics on actual trading of government securities in the secondary market. From August 1, 2016, all primary dealers have been required to undertake inter-pr...
In Colombo
April 20, 2016 10:12 am gmt |
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1195
President Maithripala Sirisena advised the Central Bank as well as the State and private banks to prepare systematized documentation on the auctions the respective banks held and a decision was taken to implement a legal, practical programme to prevent gold smuggling with the participation of Attorne...
In Srilanka
April 13, 2016 12:22 pm gmt |
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1152
The Central Bank was investigating into the materials linked to the Panama Papers and the individuals, who are possessing offshore accounts, Governor Arjuna Mahendran said on Wednesday (April 13). However, he said the authenticity of the so-called leaks was doubtful and therefore, couldn’t reveal any...
In Business
February 29, 2016 10:08 am gmt |
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1359
Sri Lanka’s exports earning declined 19 percent in December 2015 and for the full year 2015 exports earnings declined 5.6 percent, the Central Bank said. According to the Central Bank’s head of economic research K. M. M. Siriwardena, the exports earnings in 2015 amounted to US$ 10.5 billi...
In Business
January 9, 2016 11:56 am gmt |
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1217
Sri Lanka Central Bank has announced that it plans to sell US$ 75 million worth of development bonds to foreign and local investors. The Public Debt Department of Central Bank will issue US$ 75 million in Sri Lanka Development Bonds of 1 Year, 2 Years 3 months, and 4 Years 5 months tenor to eligible ...
In Business
January 2, 2016 9:28 am gmt |
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1261
Sri Lanka is in no dire need of emergency funding as the country’s economy fared well in 2015 with reserves on a sound footing, Central Bank Governor Arjuna Mahendran said today. “Our reserves are comfortable at this point. We have over four and a half months of imports, admittedly some of that is bo...
In Srilanka
December 25, 2015 7:47 am gmt |
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1223
Sri Lanka has invited Saudi Arabia to set up a petroleum refinery in the southern part of the island, the country’s Central Bank Gov. Arjuna Mahendran said in Riyadh, Arab News reported. In addition to meeting the needs of Sri Lanka, he said such a refinery could tap markets in neighboring countries ...
In Business
December 9, 2015 9:13 am gmt |
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1235
Sri Lanka’s exports fell for the seventh successive month in September 2015, with tea export earnings slumping 20.4%, according to the latest figures released by the Central Bank. Exports fell by 5.9% to US$ 850 million in September 2015, a decline that has continued since March 2015. Industrial expo...
In Business
November 25, 2015 12:28 pm gmt |
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1201
The Central Bank has decided to maintain current policy interest rates as the Monetary Board was of the view that the current monetary policy stance is appropriate. Accordingly, the Monetary Board has decided to maintain the Standing Deposit Facility Rate and the Standing Lending Facility Rate of the...
In Srilanka
October 29, 2015 9:50 am gmt |
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1310
The 90 per cent loan margin for the leasing of vehicles will be effective from today, the Finance Ministry announced. It is said that the Central Bank would officially inform the banks and finance companies on this change. On September 14 the Central Bank fixed the loan margin from banks and finance ...
In Business
October 3, 2015 6:06 am gmt |
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1244
Sri Lanka Central bank announced that it plans to sell US$ 75 million worth of development bonds to foreign and local investors. The Public Debt Department of Central Bank will issue US$ 75 million in Sri Lanka Development Bonds of 1 year, 3 years 3 months and 4 years 8 months tenor to eligible inves...