Minister of Ports and Shipping Premitha Bandara Tennakoon has instructed shipping lines to settle their payments to the Sri Lanka Ports Authority (SLPA) in U.S dollars.
His initiative to increase the revenue in U.S dollars has resulted in converting payments paid by shipping lines to SLPA from Sri Lankan Rupees to U.S dollars.
Accordingly, the amount of revenue that will be collected in U.S dollars will exceed 100 million per annum.
This initiative will be implemented from 1 June.
Translated by: Dilini Madushanki