Sri Lanka, Nov. 26 -- Stakeholders of the hard-hit tourism sector have been instructed by the Central Bank of Sri Lanka to bring to its notice of any leasing companies seizing vehicles for late payment of installment.
Central Bank Governor Ajith Nivard Cabraal this week asserted that it is not permissible for leasing companies to seize vehicles as means of recovery since they have been formally instructed to not do so for those involved in tourism.
At a meeting with the Governor in Colombo this week tourism sector stakeholders shared the issues that individuals and businesses in the industry continue to face difficulties although a slow recovery is observed in the industry with the increase in the number of international visitors to the c...