BUSINESS

CB removes all caps on Banks  relating to foreign currency deposits, swaps

The Central Bank (CB) this week issued fresh direction to banks, completely rescinding all previous instructions hitherto been in effect since December last year,...

Port City Colombo’s Development Control Regulations come into force

Sri Lanka’s most comprehensive development regulations – the Development Control Regulations (DCR) – introduced by Port City Colombo, was Gazetted recently and is now...

China readies to ease Sri Lanka’s debt crisis but no debt cuts  

China says its initiative to build ports and other infrastructure across  Sri Lanka with Chinese loans, will boost trade and it is ready to help...

Mattala and Ratmalana airports up for  joint ventures

The Government is seriously considering the possibility of forming joint ventures for Mattala and Ratmalana international airports separately due to its heavy losses of...

Former treasury secretary defends Sri Lanka’s tax reduction policy 

Former Secretary to the Ministry of Finance Mr. S.R. Attygalle says it is unreasonable to claim that the country lost nearly Rs. 500 billion...

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