- Last Update 2024-08-30 19:41:00
Finance Ministry introduces direct Business to Customer (B2C) transactions via online trading platforms through e-commerce initiative
The Finance Ministry has established a regulatory framework enabling exporters to enjoy Business to Customer (B2C) direct transaction exports worth up to US$3000 under an E-commerce initiative.
Accordingly, companies will not have to submit individual CusDec applications after each transaction. However, the release noted that the exporter would need to submit one CusDec application covering all transactions and the end of each month.
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SC orders immediate LG elections; cites voter rights violation
The Supreme Court of Sri Lanka has ordered the Election Commission to immediately proceed with the postponed Local Government Elections.
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Australia’s United Petroleum to commence retail operations from Sep.
United Petroleum (UP) was launched in Sri Lanka today and will commence retail fuel operations in September with 150 dealer owned and operated fuel stations.
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CBSL Governor warns reversal of reforms could trigger new crisis
Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has cautioned that reversing the current economic programme could lead to a resurgence of the severe economic and social crisis Sri Lanka endured nearly two years ago.
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