The Central Bank of Sri Lanka yesterday said that the authorisation of the Indian rupee as a designated currency did not make it a ‘legal tender’ in Sri Lanka for domestic payments/settlements.  Issuing a clarification, titled Misinformation Relating to Indian Rupee (INR), the CBSL has said: “Any transaction executed between or among residents in Sri […]

The Central Bank of Sri Lanka (CBSL) has issued a clarification on the misrepresentations of facts circulated with regard to the Indian Rupee (INR).

The Central Bank of Sri Lanka (CBSL) published its inaugural Monetary Policy Report (MPR) on Monday (July 31).

The government has decided to keep state banks open on public holidays to facilitate the Aswesuma bank account opening by the beneficiaries.

The Society for Peace, Unity and Human Rights for Sri Lanka (SPUR), Victoria Australia, along with like-minded organisations in Australia, England and the Middle East, write to register our protest with regard to the decision of President Ranil Wickramasinghe of Sri Lanka, to offer pardon to the former LTTE cadres who participated in killing 91  innocent civilians and injuring over 1,400 […]

The first six months of the year marked improvements to Sri Lanka’s macro-economic landscape with inflation continuing to decrease and the IMF bailout followed by the Domestic Debt Optimization (DDO) announcement. During the 1H2023, the Bank recorded significant improvement in the core banking performance and posted an overall income of LKR 11,729Mn, which is an […]

The RBI has taken a pivotal step by permitting 20 banks operating in India to open 92 Special Rupee Vostro Accounts (SRVAs) with partner banks from 22 countries. This allows exporters and importers from these nations to conduct trade transactions in domestic currencies, facilitating smoother and more efficient trade practices. The list of countries eligible for […]

India’s Finance Minister Nirmala Sitharaman has invited China, as a large creditor to Sri Lanka, to join Japan, India and France in their effort to help the country cope with its debt distress. She has also called upon the International Monetary Fund (IMF) and the World Bank to speed up relief measures for countries facing […]

Monday 31st July, 2023 French President Emmanuel Macron, who was here briefly, a few days ago, has reportedly pledged his country’s support for Sri Lanka’s debt restructuring process. Other creditor nations, too, have offered to help this country come out of the present economic crisis. Their assistance is to be greatly appreciated. President Ranil Wickremesinghe […]

ECONOMYNEXT –Australian firms are interested in investing in Sri Lanka, particularly in resource sector, but a more conducive investment environment is needed, High Commissioner Paul Stevens said. Sri Lanka is looking to foreign direct investment as a factor in taking the country out of an economic crises triggered by excessive deployment of ‘macro-economic policy’ involving […]

Paving the way for entry of private players into mining of lithium and other deep-seated minerals, the Centre has proposed amendments to The Mines and Mineral (Development and Regulation) Act, 1957. The Mines and Mineral (Development and Regulation) Amendment Bill 2023 was introduced in the Lok Sabha by Parliamentary Affiars Minister Pralhad Joshi on Wednesday. […]

The government has requested the beneficiaries of Aswesuma welfare scheme to open bank accounts to ensure direct cash transfers without delay.

Additional Solicitor General (ASG) Priyantha Nawana yesterday (28) informed the Supreme Court that law enforcement authorities, inquiring into Pastor Jerome Fernando, under investigation for causing religious tensions, have found transaction records relating to Rs. 12.2 billion in 11 bank accounts held by him. Additional Solicitor General Priyantha Nawana appeared in SC on behalf of Attorney [R...

All branches of the People’s Bank within the Hambantota district will be open today (29 July), to facilitate the opening of Aswesuma bank accounts.

All branches of the People s Bank within the Hambantota district will be open tomorrow (28 July), in view of the opening of Aswesuma bank accounts.

Prime Minister Dinesh Gunawardena has given directives to finalize the bank account opening process for the payment of Aswesuma social welfare benefits by this weekend and take immediate action thereafter to disburse the payments to the beneficiaries.

Prime Minister Dinesh Gunawardena instructed the officers to finalize the Aswesuma bank account opening process for the payment of social welfare benefits by this weekend and take immediate action thereafter disburse the payments to the beneficiaries. Issues regarding the Aswasuma programme  were discussed at the Maharagama Divisional Coordination Committee meeting held on Thursday (27).

The investigators have uncovered transaction records to the tune of Rs. 12.2 billion upon examining 11 bank accounts held by Pastor Jerome Fernando, who recently landed himself in hot water after making controversial statements during a sermon, the Supreme Court was told on Friday (July 28).

The Government of Great Britain and Northern Ireland and the World Bank have launched a partnership the Resilient Asia Program (RAP) Âto accelerate transformational and collaborative climate action to respond to the urgency of climate change challenges in South Asia.