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Sri Lankan workers overseas sends more money home in November
Sri Lankan worker remittances revenue continued its ascent in November for the third month in succession reflecting end of the poor run of the key foreign currency inflow, helping the dollar-starved country to fund its essential imports
SL tourism regains momentum to end the year with 750,000 tourist arrivals
Sri Lanka hopes to double tourist arrivals to 1.5 million next year and bring in US$5 billion (about Rs22.1 billion) in vital foreign exchange with the regaining of tourism to end this calendar year with 750,000 tourist arrivals and about $2 billion in earnings, Tourism Minister Harin Fernnado said.
China with WB, IMF to address issues of debt-stricken countries including SL
The presidents of Export-Import (EXIM) Bank of China and China Development Bank (CDB) have had a positive discussion with IMF and World Bank chiefs on the international economic situation and the debt of developing countries including Sri Lanka.
India’s IRCON secures $ 14.9 m Railway telecom system project in Sri Lanka
Ircon International Ltd. (IRCON) has secured an order on competitive bidding basis valuing $ 14.89 million in Sri Lanka.
CB Governor on reverse gear relating to exporters stashing dollars overseas
Central Bank’s assertion of the hording of billions of dollars in overseas has become mere words with no credibility following its Governor Nandalal Weerasinghe’s statement in an interview in which he claimed that exporters are not keeping money overseas.