Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka Central Bank extends regulatory action on primary dealer Pan Asia Banking Corporation
Fri, Aug 16, 2019, 07:54 am SL Time, ColomboPage News Desk, Sri Lanka.

Aug 16, Colombo: Sri Lanka's Central Bank has extended the regulatory action taken on primary dealer Pan Asia Banking Corporation (PABC) while investigations are being conducted.

"The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, 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 10.00 a.m. on 15th August 2019, in order to continue the investigations being conducted by the Central Bank of Sri Lanka," the Bank said in a statement yesterday.

The Central Bank wishes to emphasize 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.

 

ColomboPage - Recent 10 Stories ::
Australia extends highest possible support to Sri Lanka
-- [4 hours ago]
Bribery Commission files case against Piyankara Jayaratne again
-- [4 hours ago]
UK court fines Brigadier Priyanka Fernando for offensive gesture
-- [4 hours ago]
Cardinal Malcolm Ranjith gives statement to Presidential Commission inquiring Easter Sunday attacks
-- [5 hours ago]
Sri Lanka Central Bank drafts new law regulating moneylenders, raises awareness on scams
-- [5 hours ago]
UNDP Sri Lanka to launch Human Development Report 2019 on Dec 10
-- [6 hours ago]
Sri Lanka aims for skilled labor markets in developed countries
-- [7 hours ago]
Maldivian FM appreciates deep rooted bilateral relations with Sri Lanka
-- [7 hours ago]
Seychelles Coast Guard intercepts two Sri Lankan boats suspected of illegal fishing in Seychelles' waters
-- [7 hours ago]
Sri Lanka Central Bank cautions public on investing in various financial instruments
-- [8 hours ago]

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.