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LIOC records remarkable performance in 1Q of 2022 amidst SL economic crisis
With the country facing the most challenging times marred with steep unprecedented inflation, severe foreign exchange crisis, highly volatile international oil prices, threat of new COVID variants and fears of global recession, the operational environment has been full of uncountable bottlenecks.
BOI launches online visa recommendation system to attract investors
Aimed at enhancing the Ease of Doing Business and accelerating digital transformation, the Board of Investment (BOI) has completed the integration of the visa recommendation system in coordination with the Department of Immigration and Emigration and the Ministry of Defence.
Cabinet nod to extend duty concessions to apparel industry
The Cabinet of Ministers at its meeting on Monday approved granting duty concessions to import appliances and items needed for the apparel industry.
Colombo Port City begins strategic businesses to generate foreign exchange
The Colombo Port City is set to start businesses of strategic importance with offshore companies, authorized persons, duty-free retail operations following the cabinet approval for its Duty-Free Regulations soon.
India expects a part of US $8-$9 bn bilateral trade with Sri Lanka in two months
India expects bilateral trade worth $8-9 billion with Russia and Sri Lanka in the next two months after it allowed international trade in rupees, India’s trade secretary B. V. R. Subrahmanyam said.