Tag: CBSL

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Government’s revenue to miss the expected target in the New year

Government’s revenue proposals  for  2022 appears to be more of a stop-gap move  rather than one that sets out a framework on how revenues...

Debt moratorium for Covid-19 affected borrowers extended

In what is seen as the latest move to extend relief to the pandemic-affected borrowers, the Central Bank has asked the banks to extend...

Reserve position surge claimed by CBSL Chief like ‘Cobra appeared out of Kelani River’

The spontaneous surge of the foreign reserve position to US$3.1 billion claimed by the CBSL Governor is merely a media showoff resembling the 'Cobra...

25 per cent of dollar reserves in commercial banks to be transferred to CBSL

25 per cent of dollar reserves possessed by commercial banks in Sri Lanka must be transferred to the Central Bank of Sri Lanka (CBSL),...

SJB urges to reveal mode of reserve position surge

The mode in which the foreign reserves amounting to US$ 1.6 billion have surged up to US$ 3.1 billion must be disclosed before the...

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Cashew Industry Stumbles amid Policy Hurdles and Supply Shortfalls

Sri Lanka’s ambitions to transform cashew into a major...

Government Fast Tracks Reforms Targeting Corporate Transparency

The government is swiftly pushing new legislative reforms to...

Sri Lanka’s Duty-Free Car Permit System Faces Scrutiny 

Sri Lanka’s long-standing duty-free vehicle permit scheme, originally designed...

President’s Fund to Provide Rs. 1 Million Compensation for Ella–Wellawaya Bus Crash Victims

The President’s Fund has announced that Rs. 1 million...

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