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South Asia’s heavy reliance on state-owned (SO) commercial banks, state-owned enterprises, public-private partnerships and other national and sub-national public entities conceals its vulnerability to accumulating unsustainable…
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Supporting the national effort in the fight against COVID-19, Bank of Ceylon, the No. 1 bank in Sri Lanka, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, and Wavenet International (Pvt) Ltd have partnered to establish…
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The Committee appointed to look into the incidents that took place in Parliament chamber and its premises on April 21, 2021 that met on Monday (28) decided to submit its report to Speaker Mahinda Yapa Abeywardane next week. The…
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Cabinet Decisions on June 28 Japanese Grants Programme-2021 for Human Resource DevelopmentScholarships The Government of Japan implements the Japanese Grants Programme for Human Resource Development Scholarships for Executive…
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The Sri Lanka Freedom Party (SLFP) is hopeful of receiving two more Cabinet Ministerial portfolios and two more State Ministerial portfolios within the next couple of weeks, an SLFP State Minister told the Daily News yesterday. The…
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Sri Lanka’s ban on ethanol imports had given profits to state run sugar factories which were making losses earlier, President Gotabaya Rajapaksa had said. “Our sugar factories are making a profit today because the importation of ethanol…
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Sri Lanka has printed 23 billion rupees outright purchasing Treasury bills into the balance of the central bank after a failed Treasury bill auction last week, while overnight borrowings from a lender of last resort facility was at 45…
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Sri Lanka’s is evaluating the ‘national balance sheet’ and external macroeconomic conditions central bank Governor W D Lakshman has said cash flows are ‘poised to improve’ in the next few months, saying imports have not been unduly…
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While there may be short-term fluctuations in foreign reserves in the period ahead due to debt servicing of the Government, adequate financing strategies have been lined up to maintain reserves at sufficient levels, through inflows to the…
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Prime Minister Mahinda Rajapaksa met with an Omani investors delegation from Shumookh Investment and Services SAOC which is the investment arm of Madayn – The Public Establishment for Industrial Estates of the Sultanate of Oman, at Temple…
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