The Monetary Board of the Central Bank of Sri Lanka has decided to extend the suspension of business and activities of the primary dealer unit of Pan Asia Banking Corporation PLC (PABC) for a period of six months with effect from February 15, 2019, in order to continue the investigations being conducted by the Central Bank, the banking regulator said on Friday.
“The Central Bank wishes to emphasise that this regulatory action suspends PABC’s access to the primary auctions for government securities. It does not affect any of the other activities/services of PABC,” it said. - ENDS -
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Villagers in Nirmalapura, Daluwa, Norochcholai today staged a protest over an incident where a group of Navy officials and sailors had assaulted a resident in the area over night, Police said.
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