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Sri Lanka

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...

Business

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...

Business

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...

Business

Sri Lanka’s private sector borrowings hit record Rs. 236 billion in September

Private sector borrowings in Sri Lanka surged to a record Rs. 236.3 billion in September, pushing the total outstanding private sector debt to...

Sri Lanka

Sri Lanka’s official reserve assets record slight decline in October

The Central Bank of Sri Lanka (CBSL) reported that the country’s official reserve assets stood at USD 6,216 million at the end of...

Sri Lanka

Foreign loan racketeers profiting while Sri Lanka’s regulatory bodies remain silent

The Anti-Corruption Force (ACF) has called on the Government and the Central Bank of Sri Lanka (CBSL) to urgently crack down on online...

Business

Central Bank outlines benchmarks ahead of fifth IMF review completion

Central Bank Governor Dr. Nandalal Weerasinghe says Sri Lanka has reached a staff-level agreement with the IMF on the completion of the fifth...

Business

Sri Lankan banks may struggle to attract deposits – CBSL

Sri Lanka’s banking and finance sector may face increasing difficulty attracting deposits to fund credit expansion under the current low-interest-rate environment, the Central...