Sri Lanka has joined the fray of Asian countries with worst performing currencies, Reuters reported today (Jan 2).
This is due to the rupee slide that was exprienced last year.
The exchange rate of the US dollar to a Sri Lankan Rupee which stood at 153.46 at the commencement of 2018, had sky-rocketed to 184.63 by the end of the year.
Accordingly, Reuters reports stated that the Sri Lankan rupee had slid by 18 percent in comparison to the US dollar last year.
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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