The public is informed that the Central Bank has not introduced any new restrictions on the use of EFTCs, i.e., credit cards, debit cards and other stored value cards, and holders of such cards are permitted to use them to make payments to persons resident outside Sri Lanka in respect of current tra
Special Deposit Account with an Additional Interest - Permanent Mission of Sri Lanka to the UN Geneva Switzerland lankamission.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lankamission.org Daily Mail and Mail on Sunday newspapers.
Special Deposit Account with an Additional Interest - Permanent Mission of Sri Lanka to the UN Geneva Switzerland lankamission.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lankamission.org Daily Mail and Mail on Sunday newspapers.
Posted on July 16th, 2021
Courtesy The Daily FT
BowerGroupAsia (BGA), a strategic advisory firm that specialises in Foreign Direct Investment throughout the Indo-Pacific, has cautioned its clients, claiming that Sri Lanka is on the brink of severe economic crisis.
BGA cited a host of recent developments to substantiate its warning.
In a confidential commentary to its clients, BGA claims Sri Lanka’s external finances are perilously low, foreign debt repayments are large, and weak public finances severely limit the capacity of the government to take adequate measures to alleviate escalating poverty by providing income support to prevent starvation or stimulate economic growth.
Local companies permitted to invest in International Sovereign Bonds in Secondary Market island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.