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CB’s move to limit banks’ access to standing facility windows backfires
The Central Bank’s new move of restricting the licensed commercial banks from accessing the monetary authority’s standing facility windows which came into effect from this week is set to face obstacles due to foreign bank’s inability to abide by the directive, several GMs of banks said.
Sri Lanka to enhance economic activities with the state of Gujarat
Sri Lanka is exploring the possibility of increasing economic activities with the Indian state of Gujarat.
Government accords priority to the agriculture sector modernization
The Government has accorded priority to the modernization of the agriculture sector in its bid to create it as an effective, sustainable and profitable livelihood and also serve the competitive international markets amidst the ill effects of previous regime’s organic farming countrywide.
BIA to equip with digital gates for the benefit of air passengers
Government is set to install digital gates at its main Banadaranaike International Airport (BIA) to automate immigration controls and enable travelers to board and disembark from flights faster, Minister of Civil Aviation Nimal Siripala de Silva disclosed.
Sri Lankan economy continues to battle worst economic crisis
Sri Lankan economy continues to battle through the worst economic crisis on record facing an unsustainable debt and severe balance of payments crisis, which is having a negative impact on growth and poverty, Central Bank’s weekly economic indicator report revealed.