Economic
Priority will be given to Jaffna products in duty free shop stalls in Palali airport, Petroleum Resources and Civil Aviation Minister Arjuna Ranatunge said in Jaffna.
The Consumer Affairs Authority (CAA) has decided to take legal action against Prima Ceylon Ltd. after they announced a price hike of a kilo of wheat flour by Rs. 5.50, effective since midnight yesterday, an official said.
Financial Intelligence Unit (FIU) of Sri Lanka entered into Memoranda of Understanding with Condominium Management Authority(CMA) and National Gem and Jewellery Authority (NGJA) in terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA).
Reuters: Rupee closed at its lowest level in over seven months as foreign fund outflows from government securities rose, while stocks extended losses for the third straight session.
Reuters: The rupee closed weaker on Tuesday, hovering near a seven-month closing low hit last week, as continued foreign fund outflows from government securities after a surprise rate cut last month weighed on the currency.
Sri Lanka’s provincial administration is about to crash as the now defunct Provincial Councils has no legal authority to collect revenue and make legitimate payments.
Central Bank Governor Dr. Indrajit Coomaraswamy yesterday said Cabinet approval had been given to appoint a Steering Committee and a Technical Evaluation Committee for the mobilisation of the issuance of a $ 500 million samurai bond.
Government emphasizes that the proposed amendments to the People's Bank Act never aims to privatize People's Bank. The only objectives are to increase the authorized share capital of People's Bank and to enable the Bank to issue debentures without the additional requirement of obtaining a treasury guarantee.
Sri Lanka implements One Village One Product (OVOP) concept with the aim of changing lives and helping rural poor.
Land value in Colombo District has increased 13.6 percent on average according to the biannual Land Price Index compiled by Central Bank.
Lanka Hydraulic Institute Ltd (LHI), a leading Sri Lankan engineering consultancy firm, has been extending its hydrology expertise for 35 years in the coastal and water sector with more than 400 consultancy projects completed worldwide, senior officials of the institute said.
The Laksala handicraft boutique chain owned by the Sri Lanka Handicrafts Board has taken measures to regularise the commissions being paid to registered tour guides and tour operators.
Sri Lanka Central Bank in a sudden policy shift has intervened in the forex markets to defend the rupee, Central Bank Governor Indrajit Coomaraswamy said recently.
Reuters: Rupee closed at its lowest level in over seven months as foreign fund outflows from government securities rose, while stocks extended losses for the third straight session.
Visa, the global leader in payments technology, has signed on as a strategic partner for Sri Lanka’s seventh annual Cyber Security Summit on 24 and 25 September at Cinnamon Grand.
The Laksala handicraft boutique chain owned by the Sri Lanka Handicrafts Board is offering up to 25 percent commission for brokers who direct local and foreign consumers violating state financial regulations, an audit inspection revealed.
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