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Sri Lanka Monetary Law and Finance Acts are to be updated to give more regulatory powers to Central Bank to deal with irregularities of fincial institutions and pyramid scams, Central Bank Governor Dr. Indrajit Coomaraswamy told journalists in Colombo today.

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Sri Lanka Central Bank is nearing finalization of a US$200 million currency swap with Chinese Development Bank to boost foreign exchange reserves and help avert a balance of payments crisis.

Tuesday, 29 November 2016 08:53

Policy tweaks to propel tourism

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*Top industry expert praises President leading the way but says consistent policies, taxes and international promotions key to maintaining momentum

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Continuing to deliver on a longstanding commitment to sustainability, EFL opened a solar power plant in Wellampitiya on 16th November 2016.

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Sri Lankan government’s tax hike on cigarettes has brought down the monthly revenue from excise tax on Ceylon Tobacco Company (CTC) as its sales drop significantly, official data showed.

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Supporting country’s target of earning $ 5 billion through software exports and related services,

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The Government on Friday entered into a loan agreement with the Asian Development Bank to obtain a loan of $ 250 m from the Ordinary Capital Resources Fund of the Asian Development Bank to implement the Capital Market Development Program in Sri Lanka.

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Some entrepreneurs are passionate people and they know exactly how to apply that passion to start something of their own and strive to achieve expected results.

Saturday, 26 November 2016 10:10

Fish market raids to curb dynamite fishing

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The Department of Fisheries has commenced raids in all major fish markets to nab traders who sell fish caught using dynamite explosions – a practice that’s banned in Sri Lanka.

Saturday, 26 November 2016 10:00

Rupee falls on importer dollar demand

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Reuters - The rupee ended weaker on Friday due to dollar demand from importers who fear the economic policies of U.S. President-elect Donald Trump could lead to a rise in the greenback and interest rates.

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