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Indo –Sri Lanka ferry service to commence end of April
Passenger ferry service from Kankesanthurai port in Jaffna and Puducherry is slated to commence from April 29 between the two countries India and Sri Lanka.
No accountability from Government as yet despite its assurance to IMF
Sri Lanka Government is continuing its attitude of lack of transparency and accountability in its financial transactions and mega project and procurement dealings unabated although its has entered into a binding agreement to be accountable in matters such as financial control, anti-corruption measures, and adherence to the rule of law.
Sri Lanka’s exports earnings decline 9.68 percent in Jan to Feb 2023
Sri Lanka’s merchandise exports earnings fell 9.68 percent in January to February 2023 year-on-year as the island nation saw a drop in buying from its key export destinations which are facing a looming recession after the Russia-Ukraine war, Export Development Board sources revealed.
Japanese Volunteer Support continues for SL’s development at grass-root Level
Japan is continuing its volunteer support towards the country’s development efforts at Grass-root Level by extending Volunteer Dispatch Program.
SL government to reconsider the recent revisions in tax structure
The government is exploring the possibility of amending the existing tax mechanism and it will be negotiated with the International Monetary Fund (IMF) in the first review of $ 2.9 billion EFF program in June this year.