Sri Lanka’s central bank kept interest rates unchanged for a sixth straight month and Governor Arjuna Mahendran said the government will focus on boosting revenue in its budget due November, the Bloomberg news agency reported today. MORE...
The repayment schedule prepared by the Central Bank of Sri Lanka (CBSL) for resolving the difficulties confronted by the deposit holders of the Golden Key Credit Card Company Limited (GKCCCL) has already been approved by the Cabinet of Ministers. MORE...
Former President Mahinda Rajapaksa today accused fellow SLFP Patron Chandrika Kumaratunga of running one of the most “repressive” governments in living memory and charged that her recent comments amount to an admission that she too presided over a party full of “murderers and rogues.” MORE..
Sri Lanka’s central bank is allowing the local rupee to become more market-oriented but like Bejing, it has shied away from turning the currency into a true free float. MORE...
Mahinda Rajapaksa during his tenure as the President of Sri Lanka ran a police state and if he was successful in returning to power as Prime Minister in recent parliamentary polls the country would have experienced massive killings of innocents, according to former President Chandrika Bandaranaike Kumaratunga. MORE..
Prime Minister Narendra Modi today said India attaches the highest importance to its relations with Sri Lanka and looks forward to taking the ties to new heights as he received former President Chandrika Kumaratunga in New Delhi. MORE..
The petitions filed with the Colombo Magistrate’s Court against former President Mahinda Rajapaksa, Governor of the Central Bank Arjuna Mahendran and former CB Governor Ajith Nivard Cabraal have been withdrawn.
A fire had broken out in a three-storied house belonging to former Minister C.B. Ratnayake located at Subadrarama Mawatha in Madiwela this morning. MORE..
A petition was filed with the Supreme Court today seeking an order for the Committee on Public Enterprises (COPE) sub-committee report on the Central Bank bond issue to be made public. MORE..
The government is to begin the disbursement of payment to the deposit holders of the defunct Golden Key Credit Card Company Ltd (GK) from Friday (July 24). MORE..
Sri Lankan central bank Governor Arjuna Mahendran is seeking concessional overseas loans to refinance costlier debt and reduce reliance on global bond markets. MORE..
The Central Bank of Sri Lanka today clarified on the validity of the appointment of its present governor and controversy surrounding the currency notes issued by the Bank on February 04, in view of frivolous allegations appearing in certain media. MORE..
After being sidelined for close to eight years, Jehan Mubarak, the allrounder, was recalled to Sri Lanka’s Test team when the 16-man squad for the three-match series against Pakistan was announced on Wednesday (June 10). MORE..
Pakistan on Saturday confirmed that a blast that claimed two lives near a cricket stadium on Friday where a ODI match was underway was a suicide attack. MORE..
Managing to impress the visiting Zimbabwe cricket team with its security arrangements, the Pakistan Cricket Board (PCB) is now targeting a tour by the Sri Lankan outfit sometime in April next year. MORE..
The opposition will move a motion of no confidence against Central Bank Governor, Arjuna Mahendran, who is in the spotlight due to the controversy surrounding the treasury bond issue, former Foreign Minister G.L. Peiris said. MORE...