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IMF to continue policy talks on bailout package with new SL administration
Sri Lanka is to resume bailout loan discussions with the International Monetary Fund (IMF) after the World Bank said it would not be able to offer the country fresh funding without "deep structural reforms , '' the Finance ministry announced.
Merchandise export earnings record new high of US $ 1.2bn in June
The earnings from merchandise exports expanded by 20 percent year-on-year (YoY) in the month of June, fetching foreign exchange earnings amounting to
US $ 1,208 million.
BOI now operates ’Partnership Finder’ platform to lure investments
The Board of Investment (BOI), the apex organization driving investments into the country, introduced a new strategic initiative under the banner 'Partnership Finder' to lure investment from existing investors in the country and facilitate business partnerships with foreign and Sri Lankan companies/investors.
India vows to “Safeguard Interests” as China Vessel heads to Sri Lanka
India says it was aware of reports about the planned visit of a Chinese vessel to a Sri Lankan port built with funds from Beijing.
CB urges all stakeholders to join hands in tackling economic crisis
In the best interest of the nation, the Central Bank will be taking all to strictly monitor and ensure compliance with all regulations on foreign exchange transactions, including repatriation requirements of export proceeds, conversions, and mandatory sales to the monetary authority.