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Sri Lanka to reverse tax on ethanol amidst charges of import irregularities
“With this move, the Government expects to collect tax revenue of Rs. 1.6 billion,” State Minister of Finance Ranjith Siyambalapitiya said.
SL Government offers long term residence visa for condominium property buyers
Investors in condominium property are to be given long term residence visa in a new drive of the government to boost foreign reserves and attract foreign investment.
Sri Lanka’s trade deficit contracted in September 2022
Sri Lanka’s trade deficit contracted in September 2022 as import expenditure declined, year-on-year, for the seventh consecutive month, while earnings from exports remained robust, the Central Bank reported in its External Sector Performance review revealed.
Apparel industry urges govt. to expedite FTAs to enhance performance
The Joint Apparel Association Forum (JAAF) yesterday urged the government to expedite negotiations on free trade agreements (FTAs) to enhance the industry’s resilience and global competitiveness amid rising fears of a global economic recession.
UK requests Sri Lanka to reduce market access barriers
Lord Davies outlining details of his visit to Sri Lanka noted that he had some insightful conversations and saw first-hand the innovative and hi-tech operations of some of the UK companies in the market.