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Posted on July 8th, 2021 Courtesy Adaderana UPDATE: Sri Lanka Podujana Peramuna (SLPP) Founder Basil Rajapaksa has assumed his new duties at the Ministry of Finance. The founder of Sri Lanka Podujana Peramuna (SLPP) Basil Rajapaksa has taken oaths as the Cabinet Minister of Finance this morning (July 08). The Elections Commission yesterday (July 07) gazette Rajapaksa’s name for the SLPP MP seat left vacant with the resignation of former MP Jayantha Ketagoda. With the revision of the scope of functions of ministries, Prime Minister Mahinda Rajapaksa took oaths as the Minister of Economic Policies and Implementation of Plans. Accordingly, Basil Rajapaksa was sworn in as the Minister of Finance. ....
Senathirajah complains of upstart from East plotting to oust TNA leader 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.
Civil society calls for transparency in vaccination programme 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.
by Sanath Nanayakkare Sri Lankan importers and exporters are blamed for the mismatch in cash flows into the country even though the problem is due to successive governments having borrowed heavily from international lenders beyond their means without any sustainable strategy to repay those loans, says an expert. At a virtual press briefing held by the Central Bank of Sri Lanka yesterday, Deputy Governor Dhammika Nanayakkara responding to a question on the shortage of foreign currency liquidity in the market said: “On the one hand, importers are looking to frontload their imports assuming the rupee will depreciate and their import costs will go up. They borrow rupees and purchase dollars from the market and try to hoard goods. On the other hand, exporters are holding on to their dollar balances without converting them into rupees thinking they can sell them at a higher value and make a gain when the dollar appreciates. But the export proceed conversion rule which came int ....