The Resolution and Enforcement Department of the Central Bank of Sri Lanka (CBSL) has commenced a probe into the MTFE Group Sri Lanka trading platform.

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held Tuesday, decided to reduce the Statutory Reserve Ratio (SRR) applicable on all rupee deposit liabilities of Licensed Commercial Banks (LCBs) by 200 basis points, from 4.00 percent to 2.00 percent. The Central Bank, on Wednesday, announced that the decision comes into […]

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the Statutory Reserve Ratio (SRR) on all rupee deposit liabilities of Licensed Commercial Banks (LCBs).

Ten individuals who were arrested over forcible entry to the Central Bank of Sri Lanka (CBSL) premises recently have been granted bail, after being produced before the Fort Magistrate s Court today (Aug 09).

Ministry Secy. contradicts PM’s Office over denial of Cabinet approval By Shamindra Ferdinando The recent water tariff increase has been in line with an agreement between the Wickremesinghe-Rajapaksa government and the Asian Development Bank (ADB). According to the Water Supply and Estate Infrastructure Development Ministry, the USD 200 mn loan has been announced, following a […]

Yahapalana Speaker Karu Jayasuriya’s plea for Indian funding to develop Elapathagama in the memory of the late Maduluwawe Sobitha Thera remains a mystery. In terms of an agreement signed on 14 July, 2017, India provided Sri Lankan Rs 300 mn to develop Elapathagama in the Anuradhapura district. The late Sobitha Thera, a controversial character, spearheaded […]

Despite heavy taxes and increased tax collection, the government budget deficit for the period end May 2023 has increased to Rs. 1,015 billion which is 59% increase against 2022 end May figures. (See table) Another negative feature is that due to heavy taxes and very high bank interest rates, the economy has not grown and […]

A group of members of the Joint Association of Leasing and Debt Instalment Payers have forcibly entered the Central Bank premises this morning (Aug 08).

Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country s central bank, Dr. Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday (Aug 7).

Pan Asia Banking Corporation PLC reflected a steady performance amidst a multitude of adversities emerging from challenging macro-economic conditions as the Bank reported its financial performance for 2023 1H, which showed judicious portfolio management and prudence exercised in dealing with possible fallout on its asset quality from under high interest rate regime. For the six-month […]

In a meeting between Governor of the Central Bank of Iran (CBI) Mohammad-Reza Farzin and Minister of Foreign Affairs of Sri Lanka Ali Sabry in Tehran, the two sides stressed the need for the development of monetary and banking relations between the two countries as a prerequisite for the expansion of bilateral economic ties.

Sri Lanka s official Reserve Assets have increased to USD 3,762 million in July 2023, compared to USD 3,724 million in June 2023, according to the Central Bank of Sri Lanka (CBSL).

‘it is not narrative that we should abandon but chronology’’ Kumar Shahani By Laleen Jayamanne Mourning the Dead: Phaneroscopy “There is a reality which we each create in our own minds.” (C.S. Peirce) The American logician and semiotician C.S. Peirce using the Greek word phaneron, meaning ‘that which appears,’ and adding the suffix skopein, (the […]

By Eng. Thushara Dissanayake Water is often undervalued and insufficient attention is paid to its pollution. The water quality degradation is a blooming environmental issue in Sri Lanka. According to World Bank findings, the invisible crisis of water quality degradation is reducing potential economic growth in heavily polluted areas of the world by one-third. It […]

By Shamindra Ferdinando The Convenor of ‘Samagi Joint Trade Union Alliance’ Ananda Palitha yesterday (06) alleged that the bankrupt country was being exploited to the hilt by the powers that be and external powers. The one-time director of the Ceylon Petroleum Corporation (CPC) said that the Wickremesinghe-Rajapaksa government increased diesel and petrol prices on 30th […]

by Rex Clementine Has there ever been a more memorable debut in cricket than that of Mohammad Azharuddin’s? Debuting against England in 1984 as a 21-year-old youngster Azhar completed three Test hundreds in his first three Test matches. They were not just hundreds but elegance all over. As Matthew Engel, the Editor of Wisden wondered, […]

Joining China’s Belt and Road Initiative (BRI) project four years ago was a “hasty and disastrous” decision. This statement is from the Minister of Defense of Italy. An interview with Italian Defense Minister Guido Crosetto was published on Sunday, in which he said China’s involvement in the project was a “disastrous decision.” He also explained […]

Cassandra in her Friday Cry-s has often noted with deep gratitude that nature has been benevolent to suffering, down and almost out Sri Lanka. Forest fires due to intemperate temperature in usually cool climes; sudden floods due to torrential rains; erupting volcanoes and earthquakes have all assiduously avoided troubling poor little Sri Lanka struggling against […]

By Rathindra Kuruwita It is unlikely that the rupee will significantly depreciate following the recommencement of bilateral and commercial debt servicing, says Director of the Central Bank Economic Research Department, Dr. P. K. G. Harischandra. Dr. Harischandra said so when he was asked by journalists yesterday whether the rupee would depreciate significantly when the country […]