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The Sri Lankan Rupee has weakened further against the US Dollar, with the selling rate crossing the Rs. 331 mark for the first time after December in 2023, according to the latest exchange rate report issued by the Central Bank of Sri Lanka on May 15.
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Oil prices gained about 2% after U.S. President Donald Trump said he and China’s Xi Jinping agree Iran cannot have nuclear weapons and as concerns persisted over ship attacks and seizures despite Tehran saying about 30 vessels crossed the Strait of Hormuz.
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Claiming that there is no major disaster situation reported in the country due to the previaling rainy weather, Director of the Disaster Management Centre, Pradeep Kodippili said today that 104 people have been sheltered in two safe centres in the Kalutara and Puttalam districts.
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A group of people who had applied for jobs in Israel staged a protest in front of the Presidential Secretariat today, demanding solutions to the difficulties faced by them who claim to have been waiting in the web system for more than 15 months after qualifying for jobs in Israel’s restaurant sector.
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India has raised petrol and diesel prices for the first time in four years by 3 rupees ($0.03) per litre, or more than 3%, according to retailers in Delhi on Friday, to recoup some of the losses incurred due to higher global crude oil prices.
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Vegetable prices are expected to increase in the coming days as adverse weather conditions continue to disrupt supplies across the country, while the Department of Meteorology yesterday warned that the prevailing rainy conditions are likely to persist for several more days.
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Claiming that more than 100 incidents of illegal archaeological excavations have been reported so far this year, Director General of Archaeology Senarath Wickramasinghe said yesterday most of the illegal excavations are driven by myths of buried treasure.
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Sri Lanka’s businesses and households borrowed at one of the fastest monthly paces on record in March, even as the economy began showing signs of fresh stress from the Iran war, raising questions over whether firms were rushing to secure loans before borrowing costs climbed further.
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The U.S. Justice Department is close to dropping criminal fraud charges against Gautam Adani, an Indian billionaire who has promised to invest $10 billion in the U.S. economy, according to two sources familiar with the matter.
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The renewed trend of young doctors migrating abroad instead of serving in Sri Lanka is creating growing challenges in maintaining healthcare services across both major and rural hospitals, National Professional and Civil Front Chairman, specialist Dr. Chamal Sanjeewa said.
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U.S. President Donald Trump said his patience with Iran was running out after he discussed the costly and unpopular war with Chinese President Xi Jinping on Thursday and a ship was reported seized by Iranian personnel off the United Arab Emirates.
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Sri Lanka’s banking sector is now facing one of the gravest crises of public confidence in recent memory. The unfolding fraud scandal at a private Bank branch in Kandy Bank recently together with the reported disappearance of nearly USD 40 million from National Development Bank, has exposed alarming weaknesses in governance, supervision, internal controls, and regulatory accountability.