The Cabinet has given the approval to draft the Special Deposit Account Act which allowes to grant residency visas for foreigners who bring a large amount of foreign money to Sri Lanka .
Accordingly under the proposed act a foreigner who bring US 300,000 to Sri Lanka will be given 10 year residency visa the Government has announced.
Howver according to the proposal made by Finance Minister Ravi Karunanayake to draft the above mentioned act these residency visa holders will not entitled to employed in Sri Lanka.Through these foreigners who bring a large amount of foreign money to Sri Lanka a demand will create for products and services here and as a result it will provide employment opportunities and business parrtners for Sri Lanka the government has stated.
The Kaduwela Magistrate Court has today (10)given permission to the government to invest Rs.157.5 million currently invested in Carlton Sports Network(CSN) Channel at Central Bank the Minister Of Health,Nutrition and Indigenous Medicine and Co Cabinet Spokesman Dr.Rajitha Senaratne has stated .
The former Minister Johnston Fernando has today(10) given a statement to Police Financial Crimes Investigations Division regarding an allegation leveled against him on importing of 222,717 metric tonnes of Rice to "Sathosa"without a cabinet approval when he was the Minister.
The Media Spokesman of the National Freedom Front(NFF) Mohommad Muzammil who was detained and remanded last June over misusing of a vehicle belonging to the Presidential Secretariet in 2010 during the previous regime, has been granted bail by Colombo Fort Magistrate today(10).
