Results: 27

No dire need of emergency funding in Lanka - Mahendran

No dire need of emergency funding in Lanka - Mahendran

Sri Lanka is in no dire need of emergency funding as the countrys economy fared well in 2015 with reserves on a sound footing, Central Bank Governor Arjuna Mahendran said today. MORE...

January 1, 2016  07:15 am|

Sri Lanka holds rates as Mahendran eyes next fiscal budget

Sri Lanka holds rates as Mahendran eyes next fiscal budget

Sri Lankas 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...

October 20, 2015  11:35 am|

Treasury allocates Rs.544 million for Golden Key depositors

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...

October 15, 2015  02:22 pm|

Why Sri Lanka has done a China-style managed float

Why Sri Lanka has done a China-style managed float

Sri Lankas 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...

September 7, 2015  01:36 pm|

Ranil vows to probe CB bond issue

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...

August 6, 2015  10:46 am|

Enjoining Order against COPE report dissolved

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..

July 23, 2015  10:21 am|

India, Sri Lanka sign currency swap agreement

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...

July 18, 2015  11:00 am|

Court order against publishing COPE report

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..

July 16, 2015  11:17 am|

CB Governor seeks overseas loans to reduce debt costs

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..

June 26, 2015  01:21 pm|

Central Bank clarifies on new Governor, currency notes issue

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..

June 24, 2015  10:22 pm|

Sri Lanka economy to grow 7.2 pct in 2015 - Ravi

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...

June 18, 2015  09:27 am|

Sri Lanka rupee falls to record low

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..

June 12, 2015  03:53 pm|

Sri Lanka to raise up to $2 bn in foreign borrowings

Sri Lanka to raise up to $2 bn in foreign borrowings

Sri Lankas 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..

June 11, 2015  11:46 pm|

Over 100 MPs signed no-confidence motion against PM - Wimal

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..

June 3, 2015  06:08 pm|

Sri Lanka raise US$ 988 million from International Bonds Issues

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...

May 29, 2015  01:17 pm|

No-confidence motion against CB Governor next week- Peiris

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...

May 14, 2015  04:57 pm|

SC rejects FR against Arjuna Mahendran

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 its Governor Arjuna Mahendran. MORE...

May 13, 2015  11:12 am|

No-confidence motion against Ravi next week Bandula

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 countrys economy. MORE..

May 9, 2015  06:00 pm|

Sri Lanka economy grows 7.4% in 2014: CB Report

Sri Lanka economy grows 7.4% in 2014: CB Report

Sri Lankas 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..

April 30, 2015  11:05 am|

Arjuna Mahendran resumes duty at Central Bank - sources

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..

April 23, 2015  02:15 pm|

Arjuna Mahendran questioned at Bribery Commission

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..

April 16, 2015  05:28 pm|

Currency pact with India to boost Sri Lankas reserves

Currency pact with India to boost Sri Lankas reserves

Sri Lankas official reserves are set to receive a boost by the currency swap arrangement with India, signed during Prime Minister Narendra Modis visit, the countrys Central Bank said today. MORE..

April 15, 2015  05:13 pm|

Sri Lankas borrowing soars ahead of parliamentary poll

Sri Lankas borrowing soars ahead of parliamentary poll

Sri Lankas 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...

April 7, 2015  07:13 am|

Nivard Cabraal questioned over hedging deal

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...

March 30, 2015  10:37 am|

CB Governor to take leave during probe: PM

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...

March 17, 2015  03:09 pm|

JVP wants Central Bank Governor to resign

JVP wants Central Bank Governor to resign

The Peoples 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..

March 10, 2015  03:24 pm|

Sri Lanka keen on Indian investment - CB chief

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...

March 6, 2015  07:15 am|

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