19 June 2018
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Alleged stock market manipulations to be probed

sceDeputy Policy Planning and Economic Affairs Minister, Dr. Harsha de Silva says that investigations carried out on alleged stock market manipulation, which were shelved in the Rajapaksa regime will be revisited. Read more...

Sri Lanka Feb inflation eases to record low 0.6%

Inflation rateSri Lanka's annual inflation rate slowed to a record low of 0.6 percent in February from 3.2 percent the previous month, the state-run Department of Census and Statistics said on Friday. Read more...

Sri Lanka banks pay 15% interest for senior citizens

cbkSenior citizens who opened fixed deposits up to 2.5 million rupees before the 16.01.2015 under an earlier scheme would also get 12 percent interest. Read more...

SL paid 85 mn to US Company for DPL work

pattern boggesThe Sri Lankan Embassy in the United States paid Rs. 85 million to a company named ' Patton Boggs'  within a period of three years to carry out various activities on behalf of the government of Sri Lanka though they could have been done easily by diplomatic officers, Parliament was informed yesterday (19).

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Japan, Sri Lanka discuss possible trade agreement

japan sriLabnkaJapan has given the green light for the first-ever prospective trade agreement coveted by Sri Lanka, inspired by the new resurgence under the leadership of President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe. “We’d like to particularly stress the Memorandum of Cooperation on the Vitalisation of Intergovernmental Economic Policy Dialogue (MoU-VIGEPD). In my discussions with Prime Minister Ranil Wickremesinghe on this, he agreed to proceed with VIGEPD. I am calling Tokyo to verify when we can start the VIGEPD dialogue with Sri Lanka,” Japan’s Ambassador Nobuhito Hobo has told Industry and Commerce Minister Rishad Baithudeen. Read more...

Controversial Krrish to return?

krrishThe Indian based Krrish Group that has been in the centre of controversy in Sri Lanka over a proposed mega construction project in the centre of Colombo is to return for discussions with the new government. Read more...

The SAR, a launch-pad to world currency - Ishara de Silva

 

SAARCA while back, a meeting of South Asian leaders under the SAARC umbrella decided that a single currency for the region, an idea loved by the Indian press, it seems, could be called The SAR, but much of the debate was on how “good” it could be for the region, if at all.

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Budget deficit reduced by new government – Ravi

raviFinance Minister Ravi Karunanayake has said that all economic growth figures and data of the previous government were distorted and fabricated and that the budget presented by the new government has been slashed of wasteful capital expenditure. Read more...

India to help Sri Lanka set up FIU to trace billions stashed abroad by Mahinda Rajapaksa

my3India will help Sri Lanka set up a finance intelligence unit (FIU)-like entity in the island nation at Colombo's request to trace more than $5 billion allegedly stashed overseas by the erstwhile Rajapaksa regime. Read more...

GSP Plus concessions likely again

gspStrong prospects of reviving the GSP plus tariff concessions from the European Union were held out by Foreign Minister Mangala Samaraweera yesterday. Read more...

Sri Lanka budget hits Rajapaksa family-run sports channel

csnSri Lanka's new government has slapped a one-time tax of Rs 1 billion on the only sports television channel in the country which is owned by former president Mahinda Rajapaksa's son. Read more...

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