Sri Lanka Lifts margin deposit requirement on mobiles, home appliances, and over 600 other imported goods
The Central Bank of Sri Lanka (CBSL) removed the 100 percent cash margin deposit requirement imposed on 623 ‘non -essetial’/non urgent’ imported goods including mobiles, home appliances, clothing, household, and…
Sri Lanka bans China manufactured ‘organic’ fertilizer after detection of bacteria again
Sri Lanka banned the import of organic fertilizers manufactured in China after state agriculture authorities detected harmful bacteria in them for the second time. Director General (DG) of Agriculture, Ajantha…
Sri Lanka to End Covid Lockdown on Oct 1; Medical Experts Warn Against Reopening
Sri Lanka will end its COVID-19 lockdown enforced last month on October 1, health minister Keheliya Rambukwella said on Wednesday, even as the medical professionals warned against the unrestricted re-opening…
Sri Lanka’s Forex Crisis Worries South Indian textile and fabric exporters
South India’s textile and fabric exporters are worried that the economic crisis in Sri Lanka–India’s second-largest export destination for clothing products—may lead to a delay in payments from buyers in…
China’s Global Network of Shipping Ports Reveal Beijing’s Strategy
VOA News: A powerhouse in global trade, China has more shipping ports at home than any other country. Key investments add about another 100 ports in at least 60 nations.…
Seven countries, including Sri Lanka and Chile, have agreed to stop using the dirtiest fossil fuel
Seven countries have signed a pledge initiated by the United Nations to stop building new coal power plants, with the aim to gather more signatures before the global climate summit COP26 in…
Inflation Spectre Floats on Developing World’s Horizon including Sri Lanka
By Rabah Arezki and Jean-Pierre Landau As the global economy begins to emerge from the COVID-19 crisis, managing inflation risks will be much more challenging in developing countries than in…
Sri Lanka’s Agripreneurs Alarmed Over Contaminated Organic Fertilizer Sample Imported From China
Sri Lanka Agripreneurs’ Forum (SLAF) expressed grave concerns regarding the importation of a batch of contaminated organic fertilizer following confirmation from the Minister of Agriculture and National Plant Quarantine Services…
New Fortress and Sri Lanka’s Government inked the definitive agreement for LNG deal
United Stated-based New Fortress Energy Inc. (“New Fortress”) and Sri Lanka’s Government have executed a definitive agreement for New Fortress’ investment in West Coast Power Limited (“WCP”), the owner of the 310…
Sri Lanka food crisis: Forex dips to risky levels. Can Colombo avoid IMF?
Sri Lanka is experiencing acute food emergency. Long food queues are seen even in Colombo neighbourhoods amid tight lockdown measures. Shelves at government-run supermarkets are running low – some even…