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Brazil is already the leading exporter of halal meat and poultry to the Arab world but authorities believe the wider halal market holds even greater potential and are taking steps to unlock it. (Shutterstock) Project incentivizes food companies to obtain halal certification to access Muslim markets worldwide Exports to the Arab world from Latin America’s biggest economy reached $17.74 billion …

On behalf of the upcoming Ramadan festival, President Ranil Wickremesinghe has issued an order to reduce the Special Commodity Levy (SCL) imposed on Dates from Rs.200 to Rs.1 per Kg.  The President Media Division said the waiver only applies to Dates received as a gift or donation, without any foreign exchange involved, from foreign governments, organizations, business entities, volunteer associations, …

The Central Bank of Sri Lanka (CBSL) has appealed to the Sri Lankan Migrant Community to continue using formal channels for remittances which would, in turn, help the country’s economy. In a special notice, the bank highlighted that the use of formal channels for remittances will help Sri Lanka continue to carry out international forex transactions. “These transactions will help …

The special import levy imposed on per kg of dates has been reduced by Rs. 199 with effect from today (28), the Finance Ministry announced. Accordingly, the new levy would be Rs.1.00.  “The tax has been reduced as a relief measure for Muslims during the upcoming Ramadan fasting period,” the Ministry said. The Ministry also refuted the reports which state …

Future benefits for Sri Lankan expatriates working abroad to be linked to quantum of remittances – Central Bank of Sri Lanka  Remittances by Sri Lankans employed abroad have been an important flow of foreign exchange into the country, with an annual average value of over US dollars 7 billion in the past five years. Considering the importance of this steady …

The Turkish foreign minister on Saturday said Turkey wants to develop holistic relations with Asia that has become the center of global economic power. Inaugurating a new office of Sri Lanka’s Antalya Honorary Consulate General in the town of Alanya, Mevlut Cavusoglu said Ankara desires to promote cooperation with Sri Lanka in fields such as economy, culture, and education. Emphasizing …