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The Monetary Board of the Central Bank of Sri Lanka, at its meeting held yesterday decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 per cent and 15.50 per cent, respectively.
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Any government which was detached from people’s true aspirations cannot bring in economic recovery through measures such as imposing taxes, National People Power (NPP) leader Anura Kumara Dissanayake said yesterday.
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An extraordinary gazette notice has been issued informing that President Ranil Wickremesinghe has decided to confer the title Sri Lankabhimanya, Sri Lanka’s highest national award on former Speaker Deshabandu Karu Jayasuriya.
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If the country’s burning issues can be resolved through local government elections, Labour and Foreign Employment Minister Manusha Nanayakkara urged the responsible authorities to declare them publicly.
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As businesses across diverse sectors are still hoping for some relief by way of debt moratoria, the Central Bank yesterday indicated that it does not encourage the continuity of such packages as that could take a heavy toll on the banking sector.
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Overnight liquidity in the interbank market narrowed its deficit significantly and at times turned positive after the Central Bank announced limits on access to its standing facility windows from the middle of this month.
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The Human Rights Commission of Sri Lanka (HRCSL) has summoned Secretary to the Power and Energy Ministry and Chairman of the Public Utilities Commission of Sri Lanka (PUCSL) before the commission tomorrow for an inquiry over their failure to prevent power cuts during the Advanced Level examination.
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The Samagi Jana Balawegaya’s (SJB) mayoral candidate of Colombo Municipal Council in the upcoming Local Government Election, Mujibur Rahuman today filed a Fundamental Rights petition in Supreme Council seeking an order quashing the Cabinet Decision to instruct the District Returning Officers not to accept deposits from the Local Government Election candidates.
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The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.