Train ticket fares to be increased from next week

Myanmar Ports key to China?s Strategy of Controlling Indian Ocean

China is closing in on India after establishing ports at Gwadar in Pakistan, Hambantota and Colombo in Sri Lanka and soon it will have access to the Indian Ocean from ports in Myanmar. In August 2021, China successfully trialled a cargo run from Myanmar?s Yangon Port all the way to China?s Yunnan Province. China has a long history of supporting the military rulers of Myanmar by circumventing sanctions. The stakes are made even higher by the China-Myanmar Economic Corridor (CMEC), a portion of t

30 May, 2022

New visa scheme for foreign investors launched in Sri Lanka

A new visa scheme for foreign investors to invest, live and study in Sri Lanka was launched today. The launching ceremony of the ?Golden Paradise Visa Scheme? was held under the aegis of Central Bank Governor Dr. Nandalal Weerasinghe and Defence Secretary General Kamal Gunaratne at the Department of Immigration and Emigration, Battaramulla today (May 30). A website dedicated to the Golden Paradise Residence Visa programme was also launched. This is dedicated to investors to enjoy the benefit

30 May, 2022

Central Bank assures foreign exchange to import essential goods

The Central Bank of Sri Lanka (CBSL) today reassured its commitment to ensuring the availability of foreign exchange within the banking system for the importation of essential goods, including the food items. The Ministry of Finance issued Import Control Regulations on Payment Terms No.07 of 2022, dated 06 May 2022, and to be effective from 20 May 2022, by restricting the use of Open Account Payment Terms or Consignment Account Terms, subject to conditions, when importing goods to Sri Lanka. T

30 May, 2022