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21 Articles
News Feature

Disconnect between Sri Lanka’s record tourist arrivals and low tourism earnings

Serious concerns were raised in Parliament yesterday (21) over the growing disconnect between Sri Lanka’s record tourist arrivals and the weak flow of...

Opinion

The case for bigger and stronger banks

By Dinesh Weerakkody When the recent cyclone disrupted livelihoods, supply chains, and regional economies, banks were once again expected by those affected to...

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Central Bank fines seven firms for anti-money laundering lapses

The Central Bank of Sri Lanka (CBSL) has imposed a combined Rs. 9.5 million fine on seven companies, including two banks, two non-bank...

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Record number of tourists fail to boost Sri Lanka’s slumping tourism earnings

Sri Lanka’s tourism sector is struggling to convert rising visitor arrivals into higher revenue, with earnings in November 2025 declining sharply despite a...

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Sri Lanka’s official reserves drop to 2025 low

Sri Lanka’s official foreign reserves dropped 3% in November to $6.03 billion, marking the lowest level recorded this year. According to the Central...

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Reserves set to hit post-crisis high in December: CBSL Governor

Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe yesterday (26) said Sri Lanka’s gross official reserves are expected to climb to...

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Central Bank says top executives still fall victim to illegal pyramid schemes

Warnings have failed to deter senior executives and intellectuals from participating in illegal pyramid schemes, Central Bank Deputy Governor K.G.P. Sirikumara said. “It...

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CBSL keeps policy rate unchanged

The Monetary Policy Board has decided to maintain the Overnight Policy Rate (OPR) at 7.75%, following its meeting held yesterday (24). The decision...