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The Colombo High Court today served indictments on five accused including the Captain of the fire-ravaged container ship MV X-Press Perl and four other directors of the Local Agent of X-Press Perl vessel for causing damages to the country’s oceanic environment.
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The Central Bank forewarned that it would be compelled to bring in administrative controls such as deposits and lending rate caps unless the markets adjust their interest rates to reflect the easing inflation and improvement in money market liquidity.
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Subsequent to his revelation in the Parliament about forging the security sticker pasted on liquor bottles, Opposition MP Buddhika Pathirana yesterday said several hundred thousand liquor bottles with forged security stickers have already entered the market.
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Former President Chandrika Bandaranaike Kumaratunga set the stage for another controversy as she said the Easter Sunday terrorist attack was something orchestrated to enable former President Gotabaya Rajapaksa to come to power in 2019.
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In the wake of Central Committee of the Sri Lanka Freedom Party (SLFP) decision to suspend the membership of nine members, Ports, Aviation and Shipping Minister Nimal Siripala de Silva said that they would not leave the party even if they hit or chased them away.
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The Supreme Court in a judgment delivered on Wednesday (23) has held that the category of special promotion which granted discretionary power to IGP in a scheme of recruitment adopted in 2020 is violative of the fundamental rights of the Police Officers.
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The Supreme Court today permitted the petitioners to personally add former President Gotabaya Rajapaksa as a respondent in the Fundamental Rights petitions filed challenging the legality of the Presidential Pardon granted to former Parliamentarian Duminda Silva.
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In a bid to ease the liquidity conditions in banks, the Central Bank issued fresh directions allowing them to temporarily do away with the requirement to report the Statutory Liquid Assets Ratio (SLAR) separately for domestic and off-shore banking units and instead allowed reporting the ratio on a consolidated basis, effective from December.
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Amid growing public pressure, the Central Bank (CB) this week said it stands ready to name and shame the exporters who fail to provide adequate reasons within next two weeks for falling behind to convert their export earnings to rupees within the mandated time periods.
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An amount of US$ 800 has been paid per day to each person with all the facilities who have participated in the recent T20 World Cup held in Australia as officials with the sponsorship of Sri Lanka Cricket.