The Financial Intelligence Unit (FIU) of the Central Bank of Sri Lanka has entered into a Memorandum of Understanding (MOU) with the Securities and Exchange Commission (SEC) of Sri Lanka. The FIU in terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA) entered into a MOU with the SEC on June 19, 2018 at the Central Bank to establish a framework for sharing information on supervisory findings based on comprehensive risk-based supervision focused on Anti-Money Laundering (AML) /Countering the Financing of Terrorism (CFT) in the Securities Sector, the Central Bank said in a statement.
The Cabinet of Ministers have approved a National Assessment Policy drafted to evaluate the productivity and long-term results as well as the impact of the Government’s development projects on public life.
The Joint Postal Trade Unions Front (JPTUF) yesterday announced that it would together with 24 of its unions, suspend the postal strike which has lasted for the past 16 days. JPTUF Convener Chinthaka Bandara addressing a media briefing held at the Ministry of Posts, Postal Services and Muslim Religious Affairs, said that as of 12 midnight yesterday they would suspend the strike until July 7.
The government says fertilizer will be provided without a shortage although area paddy has been cultivated has exceeded the expected amount. The government has allocated over Rs. 9.5 billion for the Yala season fertilizer subsidy.
We have received a positive response from AIIB for the Urban Regeneration Programme which aims at relocating 50,000 low and lower middle-income households living in slums and shanties in Colombo City into new apartments said Finance and Media MinisterMangala Samaraweera yesterday.
Drug dependence is a state characterized by an overpowering desire or need to continue taking a drug and to obtain it by any means. It is sometimes accompanied by physical dependence and the resulting state is detrimental not only to him, but also to the society.
The Paddy Marketing Board (PMB) will enter the domestic rice market shortly for the first time and sell high-quality rice varieties at an affordable price while maintaining a steady price for paddy, Agriculture Minister Mahinda Amaraweera said.
With the new tax structure raising many eyebrows amongst a section of the country’s taxpayers, the Governor of the Central Bank of Sri Lanka last week said it is interesting to learn that Sri Lankans want Scandinavian-type social welfare while paying Hong Kong rates of tax.