ECONOMYNEXT – Sri Lanka’s foreign reserves edged up 3.6 percent to 1,717 million dollars in September 2022 from a month ago, the latest central bank data showed. The reserves rose by 60 million US dollars to 1,717 million last month from the previous month’s 1,657 million US dollars....
The statement came as the Indian Enforcement Directorate announced at weekend to seize assets worth of 55.5 billion rupees (US$725 million) from Xiaomi Technology India Private Limited’s local bank account over illegal remittance. Xiaomi was found to have remitted the equivalent amount in foreign ...