April 28, 2024 5:23 am
Results: 27
No dire need of emergency funding in Lanka - Mahendran
Sri Lanka is in no dire need of emergency funding as the country’s economy fared well in 2015 with reserves on a sound footing, Central Bank Governor Arjuna Mahendran said today. MORE...
Sri Lanka holds rates as Mahendran eyes next fiscal budget
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...
Treasury allocates Rs.544 million for Golden Key depositors
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...
Why Sri Lanka has done a China-style ‘managed float’
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...
Ranil vows to probe CB bond issue
The Government says that another select committee will be appointed to probe the controversial Central Bank bond issue when the new Parliament convenes. MORE...
Enjoining Order against COPE report dissolved
The Colombo District Court today dissolved the enjoining order granted earlier preventing the publication of the Committee on Public Enterprises (COPE) sub-committee report on the Central Bank bond issue. MORE..
India, Sri Lanka sign currency swap agreement
The Reserve Bank has signed a special currency swap agreement with the Central Bank of Sri Lanka that will allow the latter to draw up to $1.1 billion. MORE...
Court order against publishing COPE report
The Colombo District Court today issued an interim injunction preventing the publishing of the Committee on Public Enterprises (COPE) sub-committee report on the controversial Central Bank bond issue, until July 23. MORE..
CB Governor seeks overseas loans to reduce debt costs
Sri Lankan central bank Governor Arjuna Mahendran is seeking concessional overseas loans to refinance costlier debt and reduce reliance on global bond markets. MORE..
Central Bank clarifies on new Governor, currency notes issue
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..
Sri Lanka economy to grow 7.2 pct in 2015 - Ravi
The Sri Lankan economy is expected to expand 7.2 percent this year despite a sluggish increase in the first three months of 2015, on higher growth in tourism, banking and garment manufacturing, Finance Minister Ravi Karunanayake said on Wednesday. MORE...
Sri Lanka rupee falls to record low
The Sri Lankan rupee fell to a record low of 134 on Friday as a state-run bank, through which the central bank directs the markets, lowered the dollar selling rate by 20 cents, dealers said. MORE..
Sri Lanka to raise up to $2 bn in foreign borrowings
Sri Lanka’s government plans to borrow up to $2.0 billion from overseas, the finance minister said Thursday, just two weeks after raising a billion through its first international bond issue. MORE..
Over 100 MPs signed no-confidence motion against PM - Wimal
National Freedom Front (NFF) leader Wimal Weerawansa says that the motion of no-confidence against Prime Minister Ranil Wickremesinghe will be submitted today. MORE..
Sri Lanka raise US$ 988 million from International Bonds Issues
The Central Bank of Sri Lanka, today successfully launched and priced a US$ 650 million 10-year International Sovereign Bond (Issue) at a yield of 6.125 per cent per annum on 28th May 2015, CBSL said in a release. MORE...
No-confidence motion against CB Governor next week- Peiris
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...
SC rejects FR against Arjuna Mahendran
The Supreme Court of Sri Lanka today rejected the Fundamental Rights (FR) petition seeking an independent inquiry into the controversial Central Bank Treasury bond issue and it’s Governor Arjuna Mahendran. MORE...
No-confidence motion against Ravi next week – Bandula
Former Minister Bandula Gunawardena says that a motion of no confidence will be submitted in Parliament next week against Finance Minister Ravi Karunanayake, who he claims is responsible for the crises that have befallen the country’s economy. MORE..
Sri Lanka economy grows 7.4% in 2014: CB Report
Sri Lanka’s economy grew by 7.4% (Agriculture 0.3%, Industry 11.4%, service 6.5%) last year, according to the Annual Report of the Central Bank of Sri Lanka for the year 2014 which was launched today. MORE..
Arjuna Mahendran resumes duty at Central Bank - sources
Central Bank Governor Arjuna Mahendran has resumed his duties after a more than five-week voluntary leave of absence after being cleared by a panel investigating a controversial government bond auction, according to a Reuters report. MORE..
Arjuna Mahendran questioned at Bribery Commission
The Bribery Commission has recorded a statement from the Governor of the Central Bank of Sri Lanka, Arjuna Mahendran. MORE..
Currency pact with India to boost Sri Lanka’s reserves
Sri Lanka’s official reserves are set to receive a boost by the currency swap arrangement with India, signed during Prime Minister Narendra Modi’s visit, the country’s Central Bank said today. MORE..
Sri Lanka’s borrowing soars ahead of parliamentary poll
Sri Lanka’s government borrowing has risen sharply since January, central bank data showed on Monday, due to populist policies adopted by the new government as it seeks to consolidate its grip on power at a parliamentary election. MORE...
Nivard Cabraal questioned over hedging deal
The Financial Crime Investigation Division (FCID) is currently recording a statement from former Central Bank Governor Ajith Nivard Cabraal in connection with the controversial hedging deal, police spokesman ASP Ruwan Gunasekara said. MORE...
CB Governor to take leave during probe: PM
Prime Minister Ranil Wickramasinghe on Tuesday (17) informed the Parliament that Central Bank Governor Arjuna Mahendran will be on leave until investigation on the treasury bonds issue is concluded. MORE...
JVP wants Central Bank Governor to resign
The People’s Liberation Front, popularly known as the Janatha Vimukthi Peramuna (JVP), today called for the resignation of Mr. Arjuna Mahendran as the Governor at Central Bank of Sri Lanka. MORE..
Sri Lanka keen on Indian investment - CB chief
Signalling potentially closer economic ties with India, Sri Lanka has invited several top Indian companies to invest in major projects in the island nation, particularly for collaborations in the manufacturing sector. MORE...