Chinese maritime surveillance military ship’s planned to visit to Sri Lanka at time of its unprecedented economic crisis and people’s uprising against the legitimate government has aroused a new row over naval dominance in the Indian ocean, several geo political experts said.
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.
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.
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.
