(Corrected from earlier report which said decision is effective immediately - from Monday)
Restrictions on Sri Lankan RFC and NRFC (foreign currency accounts) will be lifted with the decision to take effect later this week, Central Bank Governor Arjuna Mahendran told reporters on Monday. He said a circular will be issued to commercial banks this week to give effect to the move. He said this would pave the way for an easier inflow and outflow of foreign currency from these accounts where these accounts would be similar to local currency accounts where inflows and outflows are freely made. - ENDS-
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
Read these and more on tomorrow’s edition of the Sunday Times
Cabinet has approved the appointment of Commodore (retired) M.B.N.A. Premaratne of the Sri Lanka Navy, as the new Commissioner General of Excise.
Villagers in Nirmalapura, Daluwa, Norochcholai today staged a protest over an incident where a group of Navy officials and sailors had assaulted a resident in the area over night, Police said.
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