The government is formulating a mechanism to provide relief to depositors who had to pay 10 percent withholding tax whereas they earn less than Rs. 150,000 deposit interest a month,
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The Ministry of Digital Economy has announced the introduction of a special programme to promote digital payments.
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An organized group is once again deceiving the public on a large scale, as evidenced by a sharp increase in financial fraud complaints during the Christmas and New Year season,
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Public sector lender Indian Bank Ltd. said the financial intelligence unit of the Central Bank of Sri Lanka (CBSL) has imposed a monetary penalty of Rs. 2 million (INR 5.85 lakh) on the bank for failing to comply with the provisions of Sri Lanka’s Financial Transactions Reporting Act. The penalty pertains to non-conformity with the regulatory framework under the FTRA …
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The authority to borrow and issue debt securities, both domestically and internationally, in local or foreign currency on behalf of the Government of Sri Lanka, has been delegated to the Secretary of the Treasury.
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On 6 December, Parliament approved the 2025 Vote on Account (VOA) without a vote, allocating funds for government spending in the first four months of the year,.
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Sri Lanka received US$ 530.1 million in remittances in November,
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The Bank of Ceylon (BOC) and Sri Lanka Post have entered a ground-breaking partnership to reshape the accessibility of banking services across Sri Lanka.
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The Assistant Governor of the Central Bank of Sri Lanka (CBSL), Dr. Chandranath Amarasekara says that they do not expect the deflation to continue for a long time to have an impact on country’s production.
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The Asian Development Bank (ADB) has pledged its support for investment opportunities in Sri Lanka, citing increased foreign investor interest fuelled by the Government’s systematic financial reforms, according to the President’s Media Division.
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