IMF Fund Facility is a step towards building better future for youth: RW

A group of Japanese investors along with Japan Deputy Head of Mission Katsuki Kotaro called on the Board of Investment (BOI) to discuss new investment opportunities in Sri Lanka.

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The government would introduce Estate Duty as a property tax by 2025, with a minimum tax exemption allowance, President Ranil Wickremesinghe said today.

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President Ranil Wickremesinghe tabled the IMF Staff Level agreement in Parliament, a short while ago.

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At least five people have died after a strong earthquake struck northeast Afghanistan on Tuesday, with tremors felt in cities in Pakistan and India.

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Considering the statement made by the Education Minister yesterday in Parliament, the issue relating to the teacher transfer board is worsening, Ceylon Teachers’ Union Secretary Joseph Stalin said.

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While Sri Lanka successfully crossed the hurdle of unlocking the International Monetary Fund (IMF) bailout package on Monday, it also became the first country in the Asian region to have its governance come...

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In order to regulate the casino industry and plug tax loopholes, the Cabinet nod has been granted for the Betting and Gaming Levy (Amendment) Bill to be tabled in parliament for approval. After securing clearance...

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National consumer prices edged up in February as non-food prices climbed on the back of the increase in electricity and petrol prices, which offset the persistent decline seen in food prices. Consumer prices...

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Prime Minister Dinesh Gunawardena instructed the officials to suspend issuing of permanent and daily excise licences for wine stores in the Maharagama Divisional Secretariat area

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The National Sports Council (NSC) said that only athletes that have the potential to win medals will be sent for the upcoming Asian Games, adding that athletes of 17 sports had been earmarked to represent the country at the games.

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Chief Inspector of Police Nagoor Thambi Aboobucker who was arrested for aiding and abetting Pulastini Mahendran alias Sarah Jasmin, one of the main suspects in the Easter Sunday Attack, to flee the country, has been granted bail by the Batticaloa High Court.

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Former World Cup winning cricket captain Arjuna Ranatunga lauded the decision made by Sri Lanka’s Test captain Dimuth Karunaratne to stand down from the role, stating that it was a decision that no previous captain had made.

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Samagi Jana Balawegaya (SJB) General Secretary Ranjith Madduma Bandara today filed a contempt of case against Treasury Secretary for alleged failure to comply with the Supreme Court order issued regarding the Local Government Elections.

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A national program that currently provides one mid-day meal for schoolchildren will be increased to 2 million at the start of the next school term, Education Minister Susil Premajayantha said.

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Fuel prices would be reduced by a considerable margin at the routine fuel price revision according to the fuel price formula next month, Power and Energy Minister Kanchana Wijesekara said today.

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The population of wet zone hill country leopards (Panthera Pardus Kotiya) has been increasing in large proportions, environmentalists say.

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Four youth who were bathing at Ellewala waterfall in Wellawaya have gone missing this morning, police said.

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The male lion named Keshara at the Ridiyagama Safari Park died due to pneumonia, issues with its heart, and a prolonged period of depression, officials said today.

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Refuting allegations that it was an unlawful and arbitrary decision to dissolve Teacher Transfer Boards, Education Minister Susil Premajayantha said today a decision has been taken to make the teacher transfers as approved by the Teacher Transfer Board except for the teachers who are teaching O/L and A/L classes.

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The Sri Lankan Rupee (LKR) has appreciated against the US Dollar (USD) today, according to the Central Bank.

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The gazette notification, which was issued making it compulsory to conduct Law College examinations only in English, was defeated in Parliament by 113 votes.

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President Ranil Wickremesinghe will make a special statement on the IMF Executive Board approving Sri Lanka’s program under the Extended Fund Facility (EFF) at 12.00 noon today(21), the President’s Media Division said.

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The International Monetary Fund today said the government is expected to phase out the import and exchange restrictions currently in place

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A 31-year old woman who had allegedly offered a Rs. 2 million contract to Ravindu Sanka de Silva alias ’Booru Moona’, to assassinate two persons in Hikkaduwa last year was arrested yesterday at Kalupe in Hikkaduwa.

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The International Monetary Fund (IMF) today said that it did not interfere in the Local Government election processes and had never recommended postponing those elections in Sri Lanka.

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Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said yesterday on the eve of a desperately needed US $ 2.9 billion International Monetary Fund (IMF) bailout.

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President Ranil Wickremesinghe thanked the International Monetary Fund a short while ago after the Extended Fund Facility was approved by the IMF Board earlier today.

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Following the Executive Board discussion on Sri Lanka, IMF Managing Director Kristalina Georgieva said that Sri Lanka should stay committed to the multi-pronged disinflation strategy to safeguard the credibility of its inflation targeting regime. “Sri Lanka has been facing tremendous economic and social challenges with a severe recession amid hi

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The Executive Board of the International Monetary Fund (IMF) has approved a 48-month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion), the IMF said a short while ago.

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Treasury Secretary Mahinda Siriwardena has informed the board of directors of the Lanka Hospitals Corporation PLC and Sri Lanka Telecom PLC that the Cabinet have granted approval in principle for the divestment of major shareholding of those institutions.

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Finland has been voted the happiest place in the world for the sixth consecutive year while Sri Lanka was ranked 112th, according to the World Happiness Report 2023 released on Monday.

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The All Island Poultry Association (AIPA) said today that the government’s decision to import egg extract will pose a risk of salmonella contamination, President of the All Island Poultry Association, Mathalee Jayasekara said.

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Following failed discussions with the Education Ministry officials today, all teachers’ trade unions have decided to gather at the Fort Railways Station on Wednesday (22) to take further decisions about their trade union actions, Ceylon Teachers’ Union (CTU) General Secretary Joseph Stalin said.

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State Minister of Finance Ranjith Siyambalapitiya said that Sri Lanka may receive the first tranche of US$ 320 million of the International Monetary Fund (IMF) bailout package of US$ 2.9 billion within the next two weeks.

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The Central Bank of Sri Lanka (CBSL) has requested the Attorney General to file criminal cases against three prohibited pyramid schemes as those schemes are acting contrary to the Section 83C of the Banking Act.

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The Attorney General today informed the Court of Appeal that he is expecting to raise limited objections against the writ petition filed on behalf of Nadun Chinthaka Wickramaratne alias “Harak Kata.

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