Sri Lanka’s banks are still owed 88 billion rupees for interest subsidies paid to senior citizens in the past, according to State Minister for Finance Ranjith Siyambalapitiya. This disclosure comes as the cabinet of ministers approved a new interest subsidy scheme aimed at providing relief to senior citizens. The newly approved scheme establishes a floor
Sri Lanka’s rupee opened weaker at 302.30/50 to the US dollar on Tuesday, according to dealers. This marks a slight decline from Monday’s closing rate of 302.30/43. In the secondary bond market, yields remained relatively stable. A bond maturing on December 15, 2026 was quoted at 10.70/80 percent, down from 10.75/80 percent. Meanwhile, a bond
Nations Trust Bank PLC has announced plans to raise Rs. 10 billion via a listed debenture issue. The Board has resolved to issue 50 million Unlisted, Rated, Unsecured, Senior, Redeemable Debentures of Rs. 100 each, amounting to Rs. 5 billion, with an option to issue a further 30 million debentures and an additional 20 million