Cash strapped Sri Lanka is to provide special 40-year tax amnesty for Chinese-built Colombo Port city to attract potential investors as it has so far failed to attract major foreign direct investments after the much-hyped since its opening for investors nearly one year ago, a senior treasury official said.
Sri Lanka’s expenditure on imports has declined, year-on-year, for the second consecutive month in April as curb measures by the Central Bank kicked in whilst higher exports helped cut the trade deficit