The commemorative stamp issued by the Philatelic Bureau and the special commemorative coin issued by the Central Bank of Sri Lanka on the occasion of the 75th National Independence Day, were presented to President Ranil Wickremesinghe this morning (Feb. 02) at the Presidential Palace in Kandy.

By Shamindra Ferdinando The Asian Development Bank (ADB) says political stability is of pivotal importance to ensure the continuation of the ongoing economic recovery programme meant to achieve sustained growth. The ADB sources said so when The Island asked its Colombo mission whether it had initiated talks with the government or took precautionary measures against […]

By Sanath Nanayakkare Small and medium exporters want the Central Bank (CBSL) to give them greater leeway on converting advance payments, they receive from their foreign clients, for confirmed export orders, into rupees. “Under the existing export repatriation guidelines, we are required to convert such advance payments, into Sri Lanka rupees, within a time frame […]