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The Public Utilities Commission of Sri Lanka (PUCSL) also has no right or authority over the decision making process for the electricity tariff hike, Samagi United Trade Union Force (SUTUF) convener and media spokesman Ananda Palitha said.
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The nations that are in debt with the People’s Republic of China will have the opportunity to negotiate firsthand the debt restructuring agenda, as the world’s second largest economy has confirmed its attendance at the first-ever creditor-debtor roundtable organised by the International Monetary Fund (IMF).
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The suspect arrested over the death of a businessman whose body was found in a swiming pool in Thalangama recently reportedly confessed to the police that he had killed the businessman following a dispute over their relationship.
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The Presidential Commission of Inquiry to investigate the findings of preceding Commissions and Committees has submitted a synopsis of the recommendations in the draft final report of the Commission to President Ranil Wickremesinghe today, President’s Media Division (PMD) said.
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Foreign Minister Ali Sabry has offered the assistance of rescue services to the Foreign Minister of Turkey following the two massive earthquakes that struck the country today, the President’s Media Division said.
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A second earthquake of 7.6 magnitude has struck southern Turkey within 12 hours of a first massive earthquake that has already claimed hundreds of Turkish and Syrian lives, according to Turkey’s Disaster and Emergency Management Authority (AFAD).
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A major earthquake of magnitude 7.8 hit Turkey and Syria a few hours ago leaving 912 people dead and several hundreds injured, according to Reuters. The death toll is still mounting. People are being pulled out from under dozens of buildings which collapsed in the temblor. The death toll is more in Syria.
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The Finance Ministry is yet to respond to the request by Chairman of the National Election Commission Nimal G. Punchihewa to provide an amount of Rs. 770 million for the activities related to the local government (LG) polls.
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China’s finance minister and its central bank governor will attend a roundtable with other creditors and some borrowing countries in February in India, IMF Managing Director Kristalina Georgieva said in a CBS’ 60 Minutes interview on Sunday.
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A powerful 7.8 magnitude earthquake hit southern Turkey and northern Syria early Monday, toppling buildings and triggering a frantic search for survivors in the rubble in cities and towns across the area. At least 207 were killed and hundreds injured, and the toll was expected to rise.
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Senior and highly respected business leader Chandra Schaffter yesterday spoke his heart out about his youngest son Dinesh and his untimely death on 15 December. Here is the full text of Chandra’s statement first since the death of Dinesh, a young investor, entrepreneur and philanthropist, exclusively in the Daily FT
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Eyeing to welcome 250,000 Indian tourists this year, Sri Lanka is exploring the possibility of adopting India’s home-grown cross-border digital payment systems as part of the country’s strategy to lure in more Indian tourists by enabling a cashless travel experience.
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The Central Bank has kicked off an asset quality review of the country’s banking sector to identify possible stresses in different pockets of banks’ balance sheets as they provided enormously on possible bad loans and other financial asset losses in 2022 with the final stretch of moratoria expiring early this year.