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Sri Lanka Banks Association (SLBA) representing all commercial banks in the country yesterday stressed the urgent need for the development of an effective insolvency regime in response to the sharp rise in loan defaults in the country.
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Cricketing minnows Oman, coached by former Sri Lanka captain Duleep Mendis, pulled off a massive upset by beating Ireland by five wickets in their opening World Cup qualifier in Bulawayo on Monday, the Gulf sultanate’s first-ever victory over a Test nation in an ODI.
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The anaesthetic drug suspected to have been the cause of two deaths that occurred at the Peradeniya Teaching Hospital has been received through the Indian Credit Line, Sri Lanka’s top drug regulatory body said.
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The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March.
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With the increase in the number of vehicles operating on the road, a total of 8,875 road accidents were reported and 1,043 lives were lost due to accidents reported during the past six months. Most of these accidents were caused by buses, motorcycles, and three-wheelers, State Transport Minister Lasantha Alagiyawanna said.
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A case filed against nine Aragalaya activists including popular artiste Damitha Abeyratne, General Secretary of Ceylon Teachers Union Joseph Stalin and youth activist Rathindu Senaratne alias ‘Ratta’ for allegedly blocking the main entrance to the Magistrate’s Court, was today fixed for October 9 by Colombo Fort Magistrate’s Court.
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Sri Lanka’s top four batsmen found form, each scoring half-centuries to help their team to a score of 355 for 6 in 50 overs in their opening match of the ICC Cricket World Cup Qualifiers against United Arab Emirates in Bulawayo, Zimbabwe.
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Denying reports that his wife Jalani Premadasa will take up active politics, Leader of the Opposition Sajith Premadasa said none of his family members will engage in active politics, though they will be engaged in social service.
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School children in the Western Province have been granted permission to wear a suitable light-colored long dress under their school uniforms so as to protect against Dengue, the Western Province Zonal Education Office said.