BUSINESS

 Consolidation of Non-Bank Financial Institutions expedited

 Sri Lanka’s Masterplan for Consolidation of Non-Bank Financial Institutions is now being implemented expeditiously, Central Bank announced to day (Monday 31)    Under this   Masterplan nine finance...

CB’s dollar revenue proposal to allow vehicle imports puts into to back burner   

The Central Bank’s proposal to allow vehicle imports for persons who can pay in foreign exchange to import vehicles and pay taxes in hard...

Sri Lanka foregoes US$1.04 billion in man –made crop disaster

Sri Lanka’s unplanned shift to organic farming from chemical based agriculture practices has triggered a man-made crop disaster and incurred a massive loss of...

CEB to buy fuel directly from LIOC amidst imminent 4 hour power cut      

In the wake of fuel short supply due to the dollar crisis, Ceylon Electricity Board (CEB) is preparing to purchase fuel directly from the...

Political agendas led to USD 41 m forex loss – Avant Garde Chairman

By Kathya de Silva Senarath Avant Garde Maritime Services (AGMS) was a name synonymous with court cases and laden with accusations over the legality of...

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