Sunday, 10 Sep 2023
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By Jayasiri Munasinghe
Superintendent of the Currency Department of the Central Bank of Sri Lanka (CBSL), P.D.R. Dayananda said the CBSL is committed to maintaining ample reserves of currency notes and coins necessary for the smooth execution of public payments and settlements, ensuring an absence of any shortages.
He said that in 2022, the CBSL commissioned the production of 495 million...
Port access elevated highway:
One of Sri Lanka’s colossal infrastructure investment projects, the Port Access Elevated Highway (PAEH) open September 2024. The highway will connect Sri Lanka’s economic centre, Colombo City, to the world by land, air and sea via the Colombo Port, the Port City and the Bandaranaike International Airport (BIA). The 5.3-kilometre-long highway will be built on pillars, an...
Sri Lanka’s economy is suffering both internally and externally. Internally, a large budget gap continued to exist due to the severe deficit between Government revenue and expenditure while externally a wide gap between imports and exports has been created and the trade deficit has been detrimental to the country for a prolonged period of time.
The failure to address the...
New Central Bank Bill:
Many criticisms have been levelled against the new Monetary Law Act while others have presented proposals and ideas to be considered prior to its implementation. In a bid to educate the public about the proposed law, Central Bank Governor Dr Nandalal Weerasinghe held a public seminar on March 16 at the Centre for Banking Studies (CBS) in Rajagiriya.
Following are some...
Despite adverse crib reports
The Government has decided not to reject loans to small and medium scale entrepreneurs merely on the basis of the Credit Information Bureau (CRIB) reports. The rationale behind this decision is to facilitate the obtaining of loans by the small and medium scale entrepreneurs, State Minister of Development Banking and Loan Schemes Shehan Semasinghe said.
The State Minister...