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International Arbitration Centre to be established in Sri Lanka |     Electricity tariff reduction for hotels and shops from this November                                          A Special Tax Scheme for the motor vehicle imports instead of the current system                                          Value Added Tax reduced to 11 percent |     Aerospace Engineering Unit will be established at the Moratuwa University | EPF payment from the employer to be increased to 14%                                          Sri Lanka Customs to have a One Stop Service Center |  Import tax removed on infant milk food                                          A special duty scheme on motor vehicles for foreign employed individuals |  Main Sri Lankan towns to be developed under a special Urban Development Programme                                          
Sat, 25 October 2014 05:27:17
Sri Lanka rupee stronger after opening
17 Feb, 2012 10:55:21
Feb 17, 2012 (LBO) - Sri Lanka's rupee was quoted around 118.30/50 against the US dollar in mid morning trade, up from opening and stocks rose nearly 2.0 percent before easing back, dealers and brokers said.
The rupee opened around 118.80/119.20 and strengthened against the US dollar as the currency moved to consolidate towards a free float.

The Central Bank stopped intervention in forex markets last Thursday.

In bond markets a 01.02.2014 bond was quoted around 11.00/25 percent, and a 15.07.2015 bond was quoted around 11.25/40 percent.

Once a free float of the currency establishes itself, interest rates will start to ease, analysts say.

Stocks rose as much 2.0 percent in thin trade before easing back.

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