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Export earnings from agricultural products increased


Monday, 19 April 2021 - 8:42
Sri Lanka s export earnings from agricultural products grew by 5.9 percent in February this year compared to February last year.
The Central Bank stated that this income was earned from the export of tea, coconut and spices.
The increase in exports to the pre-pandemic levels, the notable increase in workers’ remittances and the relative stability in the domestic foreign exchange market supported Sri Lanka’s external sector in February 2021.
The trade deficit in February 2021 broadly remained unchanged at the level reported a year ago. In the financial account, both foreign investment in the government securities market and the Colombo Stock Exchange (CSE) recorded net outflows in February 2021. ....

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Business of "Swarnamahal Financial Services PLC" suspended by CBSL - Hiru News - Srilanka's Number One News Portal, Most visited website in Sri Lanka


Monday, 12 April 2021 - 19:17
The Monetary Board of the Central Bank of Sri Lanka (Monetary Board) has decided to suspend business of Swarnamahal Financial Services PLC (SFSP), in terms of Section 31(1) of the Finance Business Act, No. 42 of 2011 (FBA) with effect from 5:00 p.m. on 12th April 2021.
Having considered the continuously deteriorating financial condition and non-availability of a viable revival plan, the Monetary Board decided to suspend the business of SFSP and its parent Company ETI Finance Limited (ETIF) in terms of Section 31(1) of the FBA with effect from 13th July 2020 and the period of suspension of business activities was in effect until 12th January 2021. ....

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