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May 17, 2024 11:51 am
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Finance Sri lanka News

Long Bank Holidays

COLOMBO, Sri Lanka (News Cutter) — The Sri Lankan government declared a five-day bank holiday from June 29 to July 3, aiming to provide time for the domestic debt restructuring process. Central Bank Governor Dr. Nandalal Weerasinghe assured local depositors of deposit safety and assured that interest rates would not be affected. The five-day…
June 25, 20230Comments

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Finance Sri lanka News

Special Notice From CBSL to the Swarnamahal Financial Service Depositors

COLOMBO, Sri Lanka (News Cutter)- A special notice regarding the payment of compensation under the Sri Lanka Deposit Insurance and Liquidity Support Scheme has been issued by the Central Bank of Sri Lanka (CBSL) to the Depositors of Swarnamahal Financial Services PLC (SFSP). The CBSL informed eligible depositors and relevant legal beneficiaries of eligible depositors…
June 9, 20230Comments

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Economy Feature Story Latest News Sri lanka News

Trapped in Debt: The Plight of Sri Lanka’s Microfinance Borrowers

- Microfinance Crisis Hits Women-Headed Families. - Survivors Advocate for Change in Microfinance Sector. - Strategies for Recovery and Relief include Implementing Stronger Regulations COLOMBO, Sri Lanka (News Cutter) – The rise of women-headed families entangled in microfinance debt has become a pressing issue in Sri Lanka. Many of these families, unaware of the conditions…
May 26, 20230Comments

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Economy Sri lanka News Top Stories

Sri Lanka Sees Rise in Foreign Labour Remittances Despite Decline in Export Earnings

COLOMBO, Sri Lanka (News Cutter) — Foreign labour remittances have risen to $568 million in March, according to a report by the Economic Research Department of the Central Bank of Sri Lanka (CBSL). However, the report also stated that export earnings, including those from the apparel sector, have fallen, while import expenses have increased…
April 30, 20230Comments

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