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Sri Lanka central bank ends ban on forward forex sales to importers

Sri Lanka central bank has lifted a ban on foreign exchange trading and allowed banks to sell forward to importers from March 22, in a new direction issued to banks, ending one of several cascading policy errors that led to an economic crisis.

Sri lankaInternational monetary fundCentral bank governor nivard cabraalCentral bank governoras jayewardeneLicensed commercial banksCentral bank governor

SBP makes borrowing money easy for customers of microfinance banks

The State Bank of Pakistan has issued revised prudential regulations for microfinance banks to streamline the requirement of obtaining credit information reports and simplify the documentation process for borrowers. The move is aimed at enhancing the role of MFBs in accelerating economic activities and creating bigger opportunities for small borrowers. “Earlier, MFBs were required to obtain written declaration from borrowers about facilities already obtained by them from other financial institutions,” the central bank said. The requirement has, however, been withdrawn to avoid duplication because Licensed Commercial Banks (LCBs) are able to offer comprehensive CIR to individuals/bor.

Electronic credit information bureauState bankLicensed commercial banksInformation bureauBureaus actInformation report

How to save tourism industry

Statement by Opposition Leader Sajith Premadasa on Tourism industry crisis Leading up to 2019, Sri Lanka was recognized as one of the most exciting travel destinations in the world by numerous prestigious publications, including the ‘Lonely Planet’, The New York Times and Condé Nast. Improvements to the transportation system, the development of infrastructure, world class […]

New yorkUnited statesSri lankaSri lankanNew york timesMinistry of planningSri lanka tourism development authorityMinistry of tourismSri lankan nationalOpposition leader sajith premadasaLonely planetTourism industrySocial security contributionSri lankan tourismLicensed commercial banksMonetary board

Import restrictions on non-essential goods removed

Import restrictions on non-essential goods removed
island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.

National savings bankSri lankaHiranh senewiratneEquity fundCentral bankCentral bank onCredit counseling centreInvestment advisory centreCentral bank ajith nivard cabraalSix month road mapEnsuring macroeconomicFinancial systemAcceptance termsLicensed commercial banksGross official reservesCounseling centre

LankaWeb – CBSL imposes 100% cash deposit margin requirements on selected non-essential/non-urgent imports

LankaWeb – CBSL imposes 100% cash deposit margin requirements on selected non-essential/non-urgent imports
lankaweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lankaweb.com Daily Mail and Mail on Sunday newspapers.

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