By Shamindra Ferdinando The main Opposition Samagi Jana Balavegaya (SJB) recently alleged that the Lotus Tower has been leased to a Singaporean company, affiliated with former Governor of the Central Bank, Arjuna Mahendran, accused of perpetrating Treasury bond scams in Feb. 2015 and March 2016. The accusation was made by Badulla District lawmaker, Chaminda Wijesiri, […]

India s rupee trade settlement mechanism, a means of using rupees instead of dollars and other big currencies for international transactions, is attracting interest from more countries.

By Hiran H. Senewiratne The CSE was volatile throughout yesterday and ended with a negative trend due to profit- takings. Shares edged- up in mid- market trade, pushed up by Expolanka, analysts said. “Bulk of the turnover, approximately 70 percent of the revenue contributions, were from Expolanka and Lanka IOC, analysts said. Expolanka had generated […]

questions role of ex-Governor Coomaraswamy in high interest record borrowings by Prabath Vithana The SLPP had received a mandate to implement former President Gotabaya Rajapaksa’s 2019 election manifesto ‘Vistas of Prosperity and Splendour’ and the party had no right to prop up Ranil Wickremesinghe, who wanted to divide the Ceylon Electricity Board (CEB) into eight […]

Regular revelations, pertaining to high profile scams that had undermined revenue collection, underline the pathetic failure on the part of Parliament to ensure financial discipline. The Central Bank, five-member Monetary Board, Cabinet of Ministers and Parliament as an institution should accept the responsibility for the current crisis. The likes of Bandula Gunawardena continue to pursue […...

By Hiran H. Senewiratne The CSE yesterday commenced the week on a positive note as retail favourites continued to strengthen on improved sentiment. But shares slipped in mid- market trade due to profit- takings, stock market analysts said. During the day profit- takings were noted after the market showed some positive stance after having performed […]

A testimony to its commitment to further increasing its digital payment footprint in Sri Lanka, Daraz, the leading online marketplace in Sri Lanka, recently became the country’s first e-Commerce platform to enable LANKAQR-based transactions in Sri Lanka. LANKAQR is an initiative by the Central Bank of Sri Lanka that enables consumers to make payments to […]

DFCC Bank Cardholders are in for delightful treats and surprises thanks to a slew of generous offers launched by the Bank in time for the festive season. DFCC Bank is a fast-growing issuer and acquirer in Sri Lanka and building on its core value of “Customer-Centricity,” the Bank launched its “DFCC Make a Wish” campaign […]

The 79th birthday of Venerable Galaboda Gnanissara Thera, the Chief Incumbent of the Gangaramaya Temple, popularly known as Podi Hamuduruwo falls on the 14th of December and the temple has organised a series of Pinkamas to mark the occasion. As a part of these events sanghika dana will be offered to 250 bhikkus and 150 […]

The Committee on Parliamentary Business has decided that Parliament will meet again on 05 Jan., 2023. This decision was taken at the Committee on Parliamentary Business that met in Parliament, with Deputy Speaker presiding. Accordingly, the Parliament is scheduled to meet on Thursday, 05 January, 2023, at 9.30 am, and time, from 9.30 am to […]

By Jehan Perera The passage of the budget by a comfortable majority confirms that the government’s parliamentary majority is holding in the face of adverse circumstances. The ruling party has lost over twenty of its members who no longer follow the party line. But the rest of them appear to be staying together despite the […]

The Central Bank of Sri Lanka (CBSL) has urged public not to deposit money into bank accounts of unknown parties or remit money through other means without proper verification, in light of a recent increase in complaints regarding various scams.

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to permanently revoke the money changing permit issued to Prasanna Money Exchange (Pvt) Ltd.

Remittances from expatriate Sri Lankan workers increased to USD 384.4 million in November 2022, from 355.4 million dollars in October, statistics released by the Central Bank of Sri Lanka (CBSL) on Saturday reveal. This is the highest amount of monthly remittances since August 2021 (446.6 million dollars), according to the CBSL.In November 2021, Sri Lankan […]

by Rajan Philips President Wickremesinghe has a charming or annoying way, depending on who is listening, of switching between flippancy and seriousness no matter what the occasion is. Addressing the Sri Lanka Economic Summit 2022, an annual event organized by the Ceylon Chamber of Commerce, with ‘Resetting from turmoil to opportunity’ as this year’s theme, […]