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Government aims to generate US $1 billion from jewellery exports in 2023
The government is planning to secure US $1 billion from jewellery exports in 2023 facilitating value addition of local gems, Minister of Industries and Plantations Ramesh Pathirana disclosed.
CB to limit overnight standing facilities for several banks
In a bid to force commercial lenders to participate in the domestic money markets, Sri Lanka’s central bank capped their ability to tap an emergency liquidity window to a maximum five times per month.
CB Governor blames closed economy as one of the reasons for crisis
In another drivel statement, Central Bank Governor Nandalal Weerasinghe claims that Sri Lanka is both externally and internally fragmented and the worst affected by the ‘post-Covid world.’
SL ICTA works with Bangladesh to enhance ICT sector cooperation
Sri Lanka and Bangladesh are now working together to enhance the ICT sector with the aim of improving connection creating new opportunities for development.
Govt to avoid long hour power cuts as coal shipments nearing island shores
Sri Lanka is set to avoid impending eight to ten hour power cuts predicted by Ceylon Electricity Board Engineers Union and some officials as a result of the government’’s efforts to bring down coal to run Lakvijaya power plants materialized.