Tag: SL Government
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Govt introduces ‘defence 2030’to upgrade the status of security forces
The cash-strapped nation is planning to reduce the military strength to 100,000 by 2030-end from its current strength of 200,783. The strength would be limited to 135,000 by next year, the Defence Ministry said.
SL Trade deficit narrows significantly in February amid declining imports
Sri Lanka’s deficit in the merchandise trade account witnessed a significant contraction in February, due to a significant moderation in the import expenditure, arising out of the aggregate demand conditions.
Sri Lanka’s China swap of US $1.4 billion to be extended for three years
A swap with the People Bank of China is to be extended for another three years from 2024, according to documents released with the approval of a deal with the International Monetary Fund.
Sri Lanka explores the possibility of using the Indian Rupee for trade with India
Sri Lanka is exploring the possibility of enhancing trade with India using the Indian Rupee.
Central Bank warns the public on the risks of crypto currency transactions
Government is taking initial steps for formal submission of Sri Lanka’s intention to join the Regional Comprehensive Economic Partnership (RCEP) which consists of 30% of the world’s GDP, trade and population to tackle cryptocurrency rackets.