Relaxing of exporter earnings repatriation

Relaxing of exporter earnings repatriation

Exporter earnings repatriation rule relaxed from today. In a move to loosen up the foreign exchange controls slapped on the Lankan exporters, the government has decided to extend the 90 days earnings repatriation rule up to 150 days, taking effect from today – August 01, according to a government official.Further the period could also be extended on a case-by-case basis if the situation warrant a longer period based on practical reasons.According to Indira Malwatte, the Chairperson of the Export Development Board (EDB) the revision of the rule was in response to continuous calls by the exporter community to revisit the draconian styled control.

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Construction Expo 2016

Construction Expo 2016

Construction Expo 2016 will be the hub for all major players locally and internationally.
It will provide a common platform for all industries that link with construction and will give the participants a chance to showcase their products & services which cover all spheres related to the industry.
It will be the meeting point for the Domestic and International products & technology suppliers to explore the potential in the Construction Industry in the South Asian Region.

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Megalopolis LRT system funded by Japan

Megalopolis LRT system funded by Japan

A high level delegation from the Japanese Government concluded a visit to Sri Lanka yesterday.The visit follows Cabinet approval for Light Rail Transit (LRT) system proposed in the Megalopolis plan, and a formal request from Sri Lanka to Japan for concessional financing for the project.“We can now put the debate on monorail vs LRT behind us, and move forward aggressively to get this project implemented.”

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