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Former MP Wasantha Samarasinghe has filed a petition on behalf of the National People s Power (NPP), pertaining to the Central Bank (Amendment) Bill.
People’s Bank has rejected reports regarding the bank accounts of state institutions. The bank said it has not received any direct or indirect requests or instructions from any state institution to close their accounts with the bank. “We wish to strongly emphasize that People’s Bank has always been a trusted partner for state organizations in […]
Sri Lanka will introduce new central bank legislation aimed at bolstering the bank s independence, accountability and also price stability in the country via a new inflation target, its governor Nandalal Weerasinghe said on Thursday.
Aljazeera reported that the largest banks in the United States have moved to shore up First Republic Bank in an effort to ease fears that the regional lender could be the next domino to fall after the second-largest banking collapse in US history. A group of 11 private US banks, including Bank of America, Citigroup […]
India says under its ‘Neighbourhood First’ policy it has always come forward to help debt-ridden Sri Lanka, and in the latest instance New Delhi has distributed rations in Kalmunai. Taking to Twitter, the High Commission of India in Colombo said, “Support by @IndiainSL to needy sections continues!! Glimpses of ration distribution in Kalmunai.” The cash-strapped […]
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