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Sri Lanka seeks to develop the migrant workers sector with the Philippines
Sri Lanka is exploring the possibility of collaborating with the Philippines to develop the migrant workers sector.
Sri Lanka’s nine banks to under go asset quality review
Central Bank Deputy Governor Yvette Fernando yesterday said nine banks that have been identified as having asset quality stress will be reviewed soon.
Bangladesh seeks direct shipping connectivity and entering into PTA with Sri Lanka
Bangladesh has expressed willingness on direct shipping connectivity with Sri Lanka and the resumption of negotiations for early conclusion of preferential trade agreement (PTA) between the two countries.
SL Apparel Industry predicts 30 percent decline in orders in Nov-Dec period
Sri Lanka Apparel Exporters Association’s (SLAEA) newly-elected Chairman Indika Liyanahewage noted that the apparel exporters are forecasting around 30 percent decline in orders during the November-December period.
CB to temporally do away with liquid assets requirement for banks
In a desperate move of using monetary tools to ease the liquidity conditions in banks, the Central Bank issued fresh directions allowing them to temporarily do away with the requirement to report the Statutory Liquid Assets Ratio (SLAR) separately for domestic and off-shore banking units and instead allowed reporting the ratio on a consolidated basis,