News

CBSL Annual Report (2022) handed over to the President

Published

1 year ago

April 27, 2023

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The Annual Report of the Central Bank of Sri Lanka (CBSL) 2022 was presented by Central Bank Governor Dr. Nandalal Weerasinghe to the Minister of Finance, Economic Stabilization and National Policies, President Ranil Wickremesinghe at the Ministry of Finance today (27).

Presented as the 73rd Annual Report of the CBSL, this report consists of four main parts.

Accordingly, the first part consists of 08 chapters and 30 sub-chapters explaining the state of the economic affairs of the year, while the second part consists of a collection of gazettes and circulars related to various policy measures taken by the Government and the CBSL. The third part of this report explains the departments of the CBSL and their related roles and the fourth part includes a list of laws and ordinances related to the banking system connected to the Government and the CBSL.

In accordance with Section 35 of the Monetary Law Act, the Monetary Board of the CBSL is required to produce an annual report on the economic conditions and the policies taken for that year and submit it to the Minister of Finance within four months after the end of the relevant year.

Secretary of the Ministry of Finance Mr Mahinda Siriwardana, Director of the Economic Research Department of the Central Bank of Sri Lanka Dr. P.K.G.Harishchandra, Additional Directors of Economic Research Dr. Mrs. S. Jegajeevan and Dr. L. R. C. Pathberiya participated in this event.

Click here for The 2022 annual report of the Central Bank of Sri Lanka

(President’s Media Division)

News

Arsenic contaminated tinned fish stock to be re-exported

Published

3 hours ago

October 12, 2024

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A consignment of canned fish, containing the toxic heavy metal ‘Arsenic’, has been found from the Customs storage complex in Orugodawatte.

In a statement, the Department of Government Information says that the consignment in five containers amounts to USD 215,000.

The toxic canned fish was inspected by the Secretary to the Ministries of Environment, Wildlife, Forest Resources, Water Supply, and Irrigation Prabath Chandrakeerthi yesterday (Oct. 11)

Mr. Chandrakeerthi has said that measures will be taken to re-export the stock instead of being destroyed in Sri Lanka.

“These canned fish were imported in May 2022. This contains toxic heavy metal ‘Arsenic’ beyond the stipulated weight level. Therefore, it is unfit for human consumption. It has been notified as usable as animal feed. As it is unfit for human consumption it clearly cannot be used as animal feed as well,” he said.

Further investigations are underway.

News

Luxury vehicle confiscated after CIABOC probe

Published

3 hours ago

October 12, 2024

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The Colombo Magistrate’s Court has ordered the confiscation of a luxury vehicle seized by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC).

Colombo Chief Magistrate Thilina Gamage issued the order following a request made by CIABOC.

It is revealed that the vehicle, a Mitsubishi Montero jeep, belongs to a businessman from the Badulla area.

Investigations had uncovered that the vehicle was imported using falsified information provided to the Customs, resulting in the government being defrauded of more than Rs. 55 million in taxes.