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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,
Sri Lanka to engross with all 47 prefectures of Japan
Sri Lanka is to increase engagement with all 47 prefectural governments in Japan to seek commonalities with Sri Lanka and understand competencies of each prefecture, the Ambassador of Sri Lanka to Japan, Rodney Perera said.
SL Government to bring all transport services under one digital platform
Government will implement a new system bringing all the transport services in this country including trains, buses, school vans and taxi services under one digital level.
Tourist arrivals cross 600,000 mark after three successive blows
Tourism in Sri Lanka has yet to recover fully from three consecutive blows inflicted by the 2019 Easter bombs, two pandemic years, and the island’s worst economic crisis in decades this year.
SL free trade deals earn 600 percent more from exports than imports in 2022,
Sri Lanka’s free trade deals have earned the country 600 percent more exports than imports in 2022, a Finance Ministry report said, as the country embarks on a renewed push to free consumers from vested import substitution businesses.