Trade deficit contracts notably in October
Earnings from merchandise exports declined in October 2022 on a year-on-year basis, for the first time since March 2022, mainly due to lower earnings from garments exports.Read More »
‘Unlikely to criminalise forex coversion violations through new amendments’
It is unlikely that the Government will criminalise offences such as the failure to repatriate export proceeds through new amendments to the Foreign Exchange Act No. 12 of 2017, just after five years Read More »
Myanmar-like consolidated investor law to be introduced
The Board of Investment (BOI) Sri Lanka stated that it aims to put forward a consolidated investor law similar to what Myanmar practices, for the easy reference of investors. Read More »
Sri Lanka to resume flights from Jaffna to India next week
Sri Lanka will resume flights from the Jaffna peninsula to Chennai by next week, a senior minister has said, a move that will help the country's tourism sector. Read More »
Economic summits must be challenged to demonstrate impact: MTI
Economic summits should ultimately help a country’s economy to progress, especially if they have been held annually for decades, stated MTI Consulting. Read More »
Prez can’t rule out domestic restructuring, says Cabraal
The Government or the President cannot provide a firm assurance that it will not restructure domestic debt, as the International Monetary Fund (IMF) will have the final say, stated former Central Bank Read More »
Usable reserves at merely $ 300 mn by end-October
According to the Central Bank of Sri Lanka (CBSL) data, gross official reserves stood at $ 1.7 billion as of October 2022, which included the swap facility from the People’s Bank of China equivalent t Read More »
