With the intention of attracting foreign currency in the hands of the public into the formal banking system, the Minister of Finance has issued an Order under Section 8 of the Foreign Exchange Act No. 12 of 2017 as follows: Reducing the amount of foreign currency retained in possession by a person in, or resident.
Standard & Poor’s (S&P) Wednesday (12) lowered long-term sovereign credit rating on Sri Lanka from ‘CCC+’ to ‘CCC’ on increasing external financing risks. There is a rising probability of sovereign default scenarios playing out over the next 12 months in the absence of an unforeseen positive development, S&P in a statement said the outlook is negative. At the same.
Indian Foreign Secretary Harsh V Shringla will depart on Saturday to Sri Lanka for an official visit that will last until October 5, the Indian Ministry of External Affairs said.At the invitation of the Foreign Secretary of Sri Lanka Admiral Prof. Jayanath Colombage, Foreign Secretary Shri Harsh Va ..
Wed 17th March 2021 | 05:50 PM
Colombo, (UrduPoint / Pakistan Point News - 17th Mar, 2021 ) :Former World Cup-winning skipper Arjuna Ranatunga slammed Sri LankaCricket on Wednesday, accusing it of hiring garbage foreign coaches while ignoring local talent.
Sri Lanka won the World Cup once in 1996 and were runners-up to Australia and India in 2007 and 2011 respectively.
In the most recent tournament in 2019, they did not make it out of the group stages. We spend huge amounts to import garbage coaches, Ranatunga said, adding that the foreign imports were partly responsible for the low ranking of the national team in all formats of the game.