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@BuhardeenImtiaz Gazette Contradiction
The recently issued Gazette Extraordinary No. 2428/07 dated 19 March 2025 amends the older Gazette No. 1804/17 dated 3 April 2013.
The March 2025 Gazette in Clause 5 removes the requirement that seals must be affixed by a bank in the country of export.
@BuhardeenImtiaz If the Controller General of Imports and Exports and the relevant banks have consistently permitted this structure for over 10 years,
If Sri Lanka Customs has cleared and discharged hundreds of such vehicles in 2025,
Then why are only the vehicle importers now being penalised?
@BuhardeenImtiaz Therefore, the Controller General of Imports and Exports and the commercial banks are fully informed of every LC’s structure before it is opened.
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@BuhardeenImtiaz Gazette Frameworks and Reporting
As per Imports and Exports (Control) Regulations No. 01 of 2025, Clause 10 clearly states: "Licensed banks shall submit a daily report on Letters of Credit established to the Controller General of Imports and Exports."
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@BuhardeenImtiaz The 2025 Gazette clearly states that seals aren’t required corresponding bank documents are enough. Export country mention was also removed. Crossborder LCs have been used since 2013. Over 600 vehicles cleared postban. Importers now seek legal justice.
@nimalsiri I think it's high time you look into the reason for the repetitive occurrence of flight delays on Sri Lankan Airlines @flysrilankan .
The reasons always given are technical issues. Is this the actual reason? It portrays a bad image on S.L as the national carrier.
These strategic investments were driven by recognising the bank's potential and undervalued status. It's crucial @ShanakiyanR to educate oneself before misguiding the public.
Shocked by the blatant misinformation! @ShanakiyanR It's disheartening to witness a supposed leader play politics with the truth. As of 31 Dec '22, Rayynor holds a mere 2.84% stake in Sampath Bank, and recently purchased an additional 1.7%.
https://t.co/cJ4FgAEVYk via @YouTube
Why did the SJB, especially Dr Harsha De Silva be absent from voting for the IMF bail out package?
Doesn't directing the country out of an economic crisis part of their agenda too? Is Dr. Harsha's economic policies only limited to Twitter? 🤨 #SriLanka
#lka Prime Lending Rate (AWPLR) has fallen 758 bps since late Nov 2022 to 22.09%
But #lka credit card interest rates unchanged at 36%
Only @CargillsBank charges 34%
Is this collusion among the banks? Is AWPLR no longer relevant? 🧐
https://t.co/PnKVUl7xkR…
@CBSL@CSE_Media
1/2: Relieved @IMFLive has approved #SriLanka EFF facility. The commitment of Pres @RW_UNP to get the job done is appreciated notwithstanding our political differences. Professionalism of Gov @cbsl and ST in the process must be commended. If the previous lot did this in 2020 …
Good news: Inflation is falling.
Bad news: Prices won't.
Confused? Let me explain.
Inflation is the rate at which general price levels rise.
A fall in inflation means the rate of increase in prices, is slowing.
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@CSE_Media
@HarshadeSilvaMP@ParliamentLK@RW_UNP@MayanthaD He is an immature cry baby. Keyboard hero.
All talk no show. With his knowledge and qualifications a person like this can give back so much to the country in a time if crisis. Instead what does he do?