Radi

Strongly defending the high taxing of exporters and others earning in foreign currency, Central Bank (CB) Governor, Nandalal Weerasinghe claimed that preferential tax treatment accorded to them for many decades have not brought substantial returns to the country.

Sri Lanka is facing a milk powder shortage once again owing to the complex procedure in the clearance of containers, dollar shortage, difficulty in opening the Letters of Credit (LCs) and import policy inconsistency, several high officials of leading milk powder companies, complained.

The Government yesterday engaged the private sector as part of efforts to resume negotiations of Free Trade Agreements (FTAs) which were put on the backburner by the previous administrations.

Sri Lanka has proposed to set up a group of Eminent Persons with a view to helping motivate greater political will and to create further international awareness among states on the importance of combating terrorist financing.

The third officer of the Sri Lankan Embassy in Oman who is accused of being involved in the human trafficking syndicate has been interdicted, Minister of Foreign Employment Manusha Nanayakkara said