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
Indian authorities to question Sri Lankan spy suspect
-- [5 hours ago]
Norway has no interest in creating communal tension in Sri Lanka - envoy
-- [5 hours ago]
Sri Lanka, China leaders inaugurate Colombo Port City Project
-- [6 hours ago]
Sri Lanka's LOLC Group acquires 60% stake in Cambodian microfinance company for US$ 20.3 million
-- [7 hours ago]
Sri Lanka, China sign 27 agreements to deepen Strategic Cooperative Partnership
Sri Lanka Central Bank enters into a 3-year US$ 1.63 billion currency swap agreement with China bank
Nepal FM to arrive in Sri Lanka to hand over invitation for SAARC summit in Kathmandu
Last phase of Sri Lanka's China-built Norochcholai Power Plant commissioned
Seminar on Japanese university education for Sri Lankan students on September 20
British Deputy High Commissioner visits Sri Lanka's Eastern Province

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.