LIBERALIZATION OF FOREIGN EXCHANGE RESTRICTIONS IN SRI LANKA

LIBERALIZATION OF FOREIGN EXCHANGE RESTRICTIONS IN SRI LANKA

The Central Bank of Sri Lanka on 2nd April 2020, and following that, time to time, took measures to restrict outward remittances with the view of preserving foreign currency in Sri Lanka.   By way of Extra Ordinary Gazette No. 2338/40 dated 28th June 2023, the...
MINISTRY OF MANPOWER UPDATES ON THE EMPLOYMENT PASS

MINISTRY OF MANPOWER UPDATES ON THE EMPLOYMENT PASS

The Ministry of Manpower (MoM) has taken measures to strengthen the quality of the Employment Pass (EP) holders and their complementarity to the domestic workforce. With this view, there are new revisions introduced to EP.   This initiative is of two folds, and...