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
IMF says considering Sri Lanka's request for funding depends on certain conditions
-- [6 hours ago]
Committee seeks proposals from public on a pension scheme for new recruits
-- [6 hours ago]
Major General Milinda Peiris appointed new Chief of Staff in the Army
-- [6 hours ago]
Case against Lalith Weeratunga and Anusha Palpita postponed for April 29
-- [7 hours ago]
Tamil Nadu CM calls Indian government to take action for a permanent solution to the fishermen issue
-- [8 hours ago]
Sri Lanka to issue US$ 75 million development bonds
-- [8 hours ago]
No foreign influence on government, Sri Lankan President assures
-- [8 hours ago]
South Africa, Oman naval ships arrive in Sri Lanka Colombo Port
-- [9 hours ago]
Sri Lanka's Laugfs acquires mini hydropower plant for Rs. 200 million
-- [9 hours ago]
India invites Sri Lankan students for Self-Financing Professional Courses

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.