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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 …

Mr. M.N.M Nafas, Head of Quality Assurance, & Mr. Aakif A Wahab, Director & CEO of HAC accepting the merit award presented by CNCI The Halal Accreditation Council (HAC) has received two prestigious awards and a global certification on workplace culture for the year 2021. The Awards are: Merit Award for Service Excellence in the small category awarded by, the …

The term “halal” doesn’t just refer to foods that conform to Muslim law. The word stands for an entire philosophy, and halal products and services are playing an increasingly important role in the economy. Halal means “permitted” and refers to actions and things that are in accordance with Islam. The opposite of halal is haram, meaning “forbidden.” The concept of …

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 …