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
Extremist Sri Lankan Buddhist organization has no plans to topple the government
Sri Lanka's private sector retirement fund earned over Rs. 550 billion in last five years - Central Bank
Disciplinary inquiry against Sri Lanka's star cricket players over retirement remarks
Coastal line train services disrupted in Sri Lanka as protesting workers block trains
Sri Lanka has achieved a lot, Korean envoy tells President
US Ambassador celebrates Earth Day with Sri Lankan Girl Guides
Sri Lanka national coach resigns to take up appointment with ECB
Sri Lanka takes measures to increase forest cover
Sri Lanka police ban passenger transport on hand tractor trailers
Sri Lanka maintains policy rates, current monetary policy appropriate

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.