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The annual headline inflation in Colombo district for November fell for the second consecutive month to 61.0 percent from 66.0 percent in October as food prices eased off, though the prices of services remained rather sticky.
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The Central Bank will soon launch a study to identify the undue cracks in the banking sector asset quality and thereby its spillover effects into banks’ regulatory capital coming from the pandemic, which became more pronounced with the economic crisis.
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Sri Lanka needs to listen more to what its people are saying, instead of paying heed to only technocrats, said senior economist Prof. Shantha Devarajan. By not paying attention to the call of citizens, the real problems of the national economy will not be solved, he cautioned.
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No decision has been taken for an electricity tariff hike, as news articles circulating regarding cabinet approval are insufficient to cover the loss of the Ceylon Electricity Board (CEB), Public Utilities Commission of Sri Lanka (PUCSL) Chairman Janaka Ratnayake said.
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Sensitive people are advised to exercise caution in this situation due to the presence of air pollutants generated in India and other neighbouring countries, according to National Building Research Organization (NBRO) Senior Scientist H.D. Sarath Premasiri.
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The Inter-University Students’ Federation (IUSF) today distributed leaflets and collected public signatures in front of the Fort railway station for a petition demanding the immediate release of IUSF convenor Wasantha Mudalige and IUBF convenor Ven. Galwewa Siridhamma Thero and to abolish the PTA. Pix by Waruna Wanniarachchi
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The Women for Rights Organization held a protest, demanding the government remove taxes on school equipment, including stationery, and reduce the cost of living, which had become a burden for people in the country. The protest was held at the Polduwa Junction, in Battaramulla. Pix Nimalsiri Edirisinghe
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Owner of Thico Group Private Ltd Thilini Priyamali and businesswoman Janaki Siriwardena were today ordered to be further remanded till December 13 by Colombo Fort Magistrate’s Court in connection with alleged financial fraud incidents.
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Attorney General’s Department has delayed filing a case against the company that owned the ill-fated ship Xpress Pearl that caught fire while in Sri Lankan waters, State Minister Arundika Fernando told Parliament today.
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Sri Lanka owed Chinese lenders $7.4 billion - nearly a fifth of its public external debt - by the end of last year, calculations by the China Africa Research Initiative (CARI) published on Wednesday showed, an estimate higher than many others.
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The two Government circulars issued in 2019 and 2022 stipulating a dress code for Staff Grade Officers had been revoked with immediate effect, Public Administration, Home Affairs, Provincial Councils, and Local Government Ministry said.
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The brain drain has increased decisively due to the current economic crisis in the country, and at least 10,000 of the cream of ICT engineers have migrated since the crisis started, Computer Society of Sri Lanka (CSSL) President Damith Hettihewa said.
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The US dollars 200 million from the Indian credit line is to be used to fulfill emergency needs of the health sector, Minister of Health Keheliya Rambukwella told the ministry consultative committee today.
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A top Qatari official involved in the country’s World Cup organization has put the number of worker deaths for the tournament “between 400 and 500” for the first time, a drastically higher number than any other previously offered by Doha.