Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka to suspend issuing LCs for food commodities as country is self sufficient
Mon, Feb 10, 2014, 11:05 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 10, Colombo: The Secretary of the Ministry of Finance Dr. P.B. Jayasundara has requested the chiefs of the state banks to refrain from issuing Letters of Credit to import a number of food commodities as the country has become self-sufficient of those items.

Sri Lanka has become self-sufficient in several commodities including rice, maize, phaseolus max, potatoes, dried chilies and big onions etc.

Dr. Jayasundara said the country was spending about US$ 150 million per year for the import of these food commodities, an amount of foreign exchange which could be saved.

The senior public official expressed these views addressing a seminar held in the Central Bank of Sri Lanka on February 07th with the participation of the senior management of the state banks.

ColomboPage - Recent 10 Stories
World Bank praises Sri Lanka's Health service
Sri Lanka to take strict legal actions against poaching foreign fishing vessels
Special island wide police operation makes over 2500 arrests
Sri Lankan President, PM condole sudden demise of UN representative Una McCauley
Sri Lanka army chief says defense advisor recalled from UK for his own safety
USNS Mercy leaves San Diego bound for Indo-Pacific on Pacific Partnership mission
UN Human Rights Chief urges UNHRC to play a critical role to encourage reconciliation and accountability in Sri Lanka
Sri Lanka's UN mission in New York celebrates 70 Years of Independence with "Facets of Sri Lanka"
Three Indian nationals smuggling gold arrested at Sri Lanka's Colombo airport
Coffee Bean and Tea Leaf reopens its newly refurbished store at Colombo Airport

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.