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United States GSP program expires on Dec 31

The United States’ Generalized System of Preferences (GSP) program expires on December 31, 2017.  The United States Congress did not re-authorize GSP before adjourning for the year.  The immediate effect of GSP expiration is GSP eligible imports to the United States from Sri Lanka and other GSP beneficiary countries and …

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CBSL to keep monetary policy unchanged

First Capital Research analysts stated Tuesday that they believe the Central Bank of Sri Lanka (CBSL) would determine that the current monetary policy is appropriate and no change would be required.   FC Capital Research further said.”Despite inflation remains high, GDP growth and Credit growth are below our expectation, considering …

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New crop insurance scheme introduced for six crops

A new insurance scheme has been introduced for six varieties of crops including paddy from the forthcoming Maha season with minimum premium from farmers. Under the new crop insurance system introduced by Agriculture Agrarian Insurance Board (AIB) farmers can claim up to Rs. 30,000 for one acre on cultivation on …

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Fish exports increased by over 45% to EU

Sri Lanka’s Ministry of Fisheries and Aquatic Resources Development says the fish exports increased significantly afer the ban imposed by the European Union on the island’s fishery products lifted last year. The European Union imposed a ban on Sri Lanka’s fish exports in January 2015. The ban was lifted on …

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CAA imposes maximum retail price on Nadu rice

The Consumer Affairs Authority (CAA) has decided to set a maximum retail price on domestic and imported Nadu rice. The gazette notification pertaining to this decision was released yesterday (26th). Accordingly, the maximum retail price for one kilogram of Nadu rice was fixed to Rs. 74. The CAA emphasized that …

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