The revised regulations under the Foreign Exchange Act are scheduled to be presented in Parliament for approval tomorrow (19).
Deputy Minister of Economic Development Dr. Anil Jayantha Fernando stated that the amendments would raise the foreign exchange release limits for companies.
At present, listed companies on the stock exchange can release up to US$ 500,000, a cap that is expected to increase to US$ 750,000 under the revisions. For unlisted companies, the limit will rise from US$ 150,000 to US$ 200,000.
Dr. Fernando noted that the move is aimed at facilitating business expansion.
Meanwhile, Parliament will also take up the revised regulations under the Public Debt Management Act tomorrow (19).
In addition, the revised Gambling Regulatory Authority Bill, which recently received approval from the Committee on Public Finance, is scheduled for consideration.
