Government to ban tobacco cultivation from 2020

Foreign businesses worry as China food import law kicks in

Getting wine, chocolate, and coffee into China could get even harder from Saturday, with new import restrictions adding fresh hurdles for foreign companies bringing products into the world’s largest market for food and drink. Chinese consumers bought $108 billion worth of imported produce in 2020, with that number set to grow for 2021 as imports jumped nearly 30 percent year on year in the first three quarters. But under laws set to kick in on January 1, all producers of food shipped to China

10 Jan, 2022

Moody’s warns relief package could compound Sri Lanka’s fiscal challenge

Moody’s Investors Service has warned that the relief package announced by Finance Minister Basil Rajapaksa recently, could compound Sri Lanka’s fiscal challenge. On 3 January, Sri Lanka?s (Caa2 stable) the Finance Minister announced a fiscal relief package worth LKR229 billion ($1 billion, 1.6% of our 2022 GDP forecast) to support the economy and alleviate the impact of higher consumer prices on low-income households. Moody’s Investors Service said that while the size of the package is moderat

10 Jan, 2022

President calls for restructuring debt repayments

President Gotabaya Rajapaksa today called for restructuring debt repayments, during a meeting with Chinese Foreign Minister and Member of the State Council, Wang Yi. A meeting between the Chinese Minister and President Gotabaya Rajapaksa was held at the Presidential Secretariat, today. Warmly welcoming the Chinese Foreign Minister, President Rajapaksa recalled the historic close ties between the two countries. The President extended his sincere gratitude on behalf of the Government of Sri Lank

09 Jan, 2022