2-5 year Resident Visas for foreigners investing over USD 300, 000

2-5 year Resident Visas for foreigners investing over USD 300, 000

Resident Visas for up to 5 years would be issued to foreigners who would invest a minimum of US $ 300 000 in Sri Lanka, Finance Minister Ravi Karunananyake said. The Minister said, “We are expecting to provide land permanent residency and land leasing facilities for foreigners who are…

Governor welcomes greater powers for CBSL

Governor welcomes greater powers for CBSL

The government has announced its intention to restructure the Central Bank to give greater powers to the Central Bank to regulate the financial system, Central Bank Governor, Dr. Indrajit Coomaraswamy said addressing media in Colombo on Tuesday. The Governor said they very much welcomed a re-structuring process which…

Sri Lanka to bring new foreign exchange controls

Sri Lanka to bring new foreign exchange controls

Sri Lanka will bring a new foreign exchange law ‘to protect foreign reserves from irregular transactions’ a budget for 2017 has said moving sideways from an earlier stance that foreign exchange controls will be abolished. The budget however said the existing Exchange Control Act will be repealed. Sri…

Widening of FTA: India, Sri Lanka officials to meet this month

Widening of FTA: India, Sri Lanka officials to meet this month

Senior officials of India and Sri Lanka will meet this month in the island nation to discuss broadening…

Sri Lanka to finalize Hambantota port deal by next month

Sri Lanka to finalize Hambantota port deal by next month

Sri Lanka expects to finalize the deal with regard to the loss-making Hambantota port within three weeks, Ports…

First Japanese model farm starts in Walpita with US$ 1 mn investment

First Japanese model farm starts in Walpita with US$ 1 mn investment

The Japan Lanka Agriculture Industrial Research and Training Center (Pvt) Ltd (JLATC), held the ground breaking ceremony for…

Tehran, Colombo to launch direct trade

Tehran, Colombo to launch direct trade

Sri Lankan Minister of Primary Industries (agriculture and fisheries) Daya Gama said on Wednesday that direct trade between…

Japanese SME business delegation visits BOI on evaluation mission

Japanese SME business delegation visits BOI on evaluation mission

The Board of Investment of Sri Lanka hosted a large delegation consisting of representatives from the World Business…

Sri Lanka to sell 80 percent of southern Hambantota port to Chinese firm

Sri Lanka to sell 80 percent of southern Hambantota port to Chinese firm

Sri Lanka will sell to a Chinese company 80 percent of a $1.5-billion port in its south, where…

Sri Lanka’s Trade Pacts with India and China will be trade light bristling with exemptions and loopholes, warns economist

Sri Lanka’s Trade Pacts with India and China will be trade light bristling with exemptions and loopholes, warns economist

Dr.Razeen Sally, Chairman of the Institute of Policy Studies in Sri Lanka and Associate Professor, Lee Kuan Yew…

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