Investors at a key investment forum in Colombo this week were eager to ascertain the status of the Board of Investment (BOI) following an exclusive Sunday Times report last week that the 32 year-old institution would be abolished and replaced with a more effective body with wider powers.
Banks have still not been informed by the Central Bank (CB) of plans to establish a mandatory deposit insurance scheme in less than five days, aimed at providing a safety net for depositors, bankers said.
