Shippers’ Academy forum on foreign exchange liberalisation/facilitation

A forum on foreign exchange liberalisation/facilitation in parallel to the upcoming hub/free port reforms organised by the Shippers’ Academy Colombo will be held on 28 February 2013, from 10:30 a.m. to 2:30 p.m. at The Kingsbury Hotel.

The Central Bank of Sri Lanka has announced that several exchange control policies will be further relaxed in 2013 to facilitate multiple industries, which will include enhancing external borrowings and investment facilitation as announced at the 2013 ‘Road Map’ by the CBSL. These changes will also help the hub reforms of the country as well.

In view of the above the Shippers’ Academy Colombo (SAC) has invited the CBSL to make a presentation to the relevant stakeholders at a luncheon forum to explain measures taken by CBSL since 2009 and beyond 2013 to facilitate industries by liberalising various exchange control tools.

The forum will be addressed by Governor Nivard Cabraal, Deputy Governor Ananda Silva, Controller of Exchange and other officials from exchange control department.

The trade will have the opportunity to ask question and clarifications from the CBSL at the forum and following topics are expected to be discussed:

• Disbursing of earnings from overseas
• Investment accounts
• Foreign borrowings
  
  Overseas investment limits

• Expat incentives, transaction facilitation for travel companies
• Innovative transaction via technology
• Fund transferring: For shipping companies, Port operations, Harbour operations
• Forward exchange transactions

The forum is relevant to bankers, exporters, importers, shipping companies, service providers, travel and tourism companies, port operators, logistics companies, domestic and offshore investors, expats and anyone who deals in foreign currency. Interested parties can contact The Shippers Academy Colombo on 0773820703 or 0113560844.