$100 mn from World Bank for economic reforms
The World Bank Board has approved a $100 million credit from the International Development Association (IDA) to support the Government’s economic reform program.
09
Mar
09
Mar
Jacqueline-the new face for SriLankan
Award-winning Sri Lankan carrier Srilankan Airlines, yesterday signed on board Bollywood actress Jacqueline Fernandez, as their brand ambassador, Indian media reported.The letter of agreement was exchanged between Srilankan Airlines Chairman Ajit Dias and Jacqueline Fernandez, at St. Regis Hotel, in Mumbai.
09
Mar
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.
09
Mar
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.
09
Mar
Government to implement the Madrid Protocol soon
The Exporters of Sri Lanka have requested the accession to the Madrid Protocol to secure their trademarks, and the government has already made a budgetary provision of Rs. 100 million for the project implementation.