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The Colombo Stock Exchange endured a sharp sell-off, as heightened uncertainty stemming from the recent unrest in the country severely dented investor confidence. The market opened on a deeply bearish note, with widespread panic selling dominating early trading. Within the first 30 minutes, the ASPI plunged by over 830 points before recovering nearly 511 points of the initial losses through late-morning bargain hunting.
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Bangladesh will dispatch emergency relief supplies and a rescue team to disaster-stricken Sri Lanka on December 3, subject to weather conditions, following the directive of the Chief Adviser Professor Dr Muhammad Yunus amid severe floods and landslides caused by Cyclone Ditva.
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Cabinet approval has been granted to establish the ‘Rebuilding Sri Lanka’ Fund, aimed at rebuilding the country following the severe devastation caused by Cyclone ‘Ditwah’, one of the worst natural disasters in Sri Lanka’s recent history.
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The government has begun discussions with the World Bank to prepare a detailed assessment of the damage across sectors and the financial requirements for reconstruction, President Anura Kumara Dissanayake said.
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The Health and Mass Media Ministry has urged residents affected by recent floods to seek immediate treatment to protect against leptospirosis. People are advised to contact their local Medical Officer of Health or Public Health Inspector to receive a full course of free leptospirosis medication.
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Former Sri Lankan ambassador Kananathan has called on the government to urgently reform its policy on overseas relief donations, describing current regulations as outdated, restrictive, and obstructive to humanitarian aid.
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Teams from India’s National Disaster Response Force (NDRF), the country’s specialised agency for search and rescue and humanitarian assistance and disaster relief (HADR), have carried out rescue operations in Badulla this morning, working in coordination with Sri Lankan authorities.
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The government will provide Rs. 10,000 as an initial grant to each affected household to restore sanitation and make the home safe for living again, Assistant Secretary of the National Disaster Relief Services Centre (NDRSC), Jayatissa Munasinghe said today.
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Assistant Secretary of the National Disaster Relief Services Centre (NDRSC), Jayatissa Munasinghe, urged the public to remain alert to the rising risks of infectious and vector-borne diseases as floodwaters begin to recede across affected areas.