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Sri Lanka’s cabinet of ministers had cleared a proposal to allow undisclosed assets to be brought to the open and invested giving effect to an earlier budget proposal for a tax amnesty. The cabinet had cleared a proposed bill to put the…
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Remaining committed to further expanding coverage to deep rural communities across the nation, Dialog Axiata PLC, the widest network in Sri Lanka, inaugurated the Gamata Sanniwedanaya initiative by the Telecommunications Regulatory…
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A government overdraft with Sri Lanka’s state banks had soared to 620 billion rupees or 3.7 percent of gross domestic product by April 2021 up from 304.4 billion rupees as spending grew and revenues were under pressure due to tax cuts and a…
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Sri Lankan banks’ performance in 2020 and 1Q21 exceeded Fitch Ratings’ initial expectations, thanks to stimulus and regulatory relief measures. “However, we believe risks to the banks’ performance and operating environment remain, due…
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Sri Lanka’s overall budget deficit of 520.5 billion rupees for the first four months of 2021 has overtaken revenues of 481.7 billion rupees in a remarkable development official data showed, following tax cuts in December 2019 compounded by…
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According to Maldivian media reports, the Sri Lanka Police and the Maldives Embassy in Sri Lanka have confirmed that the Maldivian arrested in connection with the incident pertaining to the sexual exploitation of a 15-year-old child in…
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The pneumonia condition of the lion named ‘Thor’ who was infected with COVID-19 at the Dehiwala Zoo has aggravated, Minister of State for Wildlife Wimalaweera Dissanayake said. He said special treatment is being given to the…
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Former Prime Minister Ranil Wickremesinghe said that the problem facing the Government now is not the chemical fertilizer issue but the lack of foreign exchange. Wickremesinghe said that the result of using only organic…
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Although the Government took a decision to ban chemical fertilizer and other such inputs needed for agriculture, they have failed to provide adequate amounts of organic fertilizer and other organic inputs to farmers in time, resulting…
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The Army established new ‘walk in’ Community Vaccination Centres across the country and commenced administering the first dose of Sinopharm vaccine to civilians from yesterday onwards in a bid to accelerate the vaccination drive. Here,…
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