Sri Lanka Treasury Bill Auction Results: Mixed Yield Movements and Undersubscription.
Sri Lanka's recent Treasury bill auction saw yields climb across shorter maturities while overall subscription levels remained below the initial offering target, signaling shifting market sentiment.
Investigations Intensify into $2.5 Million Treasury Cyber Theft Scandal.
Sri Lankan authorities have recorded 21 statements regarding a $2.5 million cyber heist from the Treasury. While investigations continue, officials confirmed that international creditors do not view this as a debt default.
Hopes Fade for Recovery of Rs. 13.2 Billion Lost in Major NDB Bank Fraud.
Financial experts and banking officials suggest that recovering the Rs. 13.2 billion lost in the recent NDB fraud is highly unlikely due to the funds being converted into untraceable cryptocurrency. The situation has raised concerns regarding regulatory oversight and potential repercussions from the Financial Action Task Force (FATF).















