Government debt rises despite restructuring efforts in Q2 2024 – Ministry of Finance

Despite finalising debt restructuring agreements with official creditors and International Sovereign Bond (ISB) holders, the government’s total debt marginally increased by 0.25 per cent in the second quarter of 2024, according to the latest quarterly debt report of the Ministry of Finance. The report highlighted that the government’s total debt reached Rs.100.65 billion by the end of June 2024, up …

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Public Sector Employees Who Exceed Foreign Leave Will Face Termination

Public sector employees who obtained long leave to travel abroad for work or other purposes will be considered to have vacated their post in the event they do not return to service after completing their leave or obtain an extension of leave, the Ministry of Public Administration has decided. Accordingly, the Public Administration Ministry Secretary Pradeep Yasaratna on Friday (06) …

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Four New Court of Appeal Judges Sworn In Before the President

Four new judges were sworn in at the Presidential Secretariat by President Ranil Wickremesinghe today (06). The newly appointed Court of Appeal judges are High Court Judges K.M.G.H. Kulatunga, D. Thotawatta, and R.A. Ranaraja, along with former Senior Deputy Solicitor General M.C.L.B. Gopallava. These appointments are effective from today (06), as per Article 107 of the Constitution. Additionally, President Wickremesinghe …

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Record-Breaking Customs Revenue: Rs.1000 Billion Achieved

For the first time in history, Sri Lanka Customs has achieved record revenue of Rs.1, 000 billion (Rs. 01trillion) during the first eight months of this year, thanks to the opportunity given to the administrative authority and officials to operate independently without external interference. The International Monetary Fund (IMF) has set a revenue target of Rs.1, 534 billion for 2024. …

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Record-Breaking Customs Revenue: Rs.1000 Billion Achieved

For the first time in history, Sri Lanka Customs has achieved record revenue of Rs.1, 000 billion (Rs. 01trillion) during the first eight months of this year, thanks to the opportunity given to the administrative authority and officials to operate independently without external interference. The International Monetary Fund (IMF) has set a revenue target of Rs.1, 534 billion for 2024. …

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UAE announces amnesty for illegal residents

The United Arab Emirates (UAE) government has launched a two-month amnesty scheme starting from 01 September 2024. This initiative provides an opportunity for individuals to correct their visa status or return to their home countries without incurring fines or facing entry bans. In support of this amnesty, the Consulate General in Dubai has arranged special consular services for Sri Lankans …

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Standoff With IMF Could Delay Financial Aid for Years – Ministry of  Finance

The Finance Ministry of Sri Lanka has issued a statement addressing recent misconceptions regarding the country’s debt restructuring process and its engagement with the International Monetary Fund (IMF). The statement, titled “Clarifications on Debt Restructuring and the Debt Sustainability Analysis,” emphasizes that any country has the right to challenge the IMF’s Debt Sustainability Assessment if it disagrees with the findings. …

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Standoff With IMF Could Delay Financial Aid for Years – Ministry of Finance

The Finance Ministry of Sri Lanka has issued a statement addressing recent misconceptions regarding the country’s debt restructuring process and its engagement with the International Monetary Fund (IMF). The statement, titled “Clarifications on Debt Restructuring and the Debt Sustainability Analysis,” emphasizes that any country has the right to challenge the IMF’s Debt Sustainability Assessment if it disagrees with the findings. …

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Is it OK to lie to someone with dementia?

There was disagreement on social media recently after a story was published about an aged care provider creating “fake-away” burgers that mimicked those from a fast-food chain, to a resident living with dementia. The man had such strict food preferences he was refusing to eat anything at meals except a burger from the franchise. This dementia symptom risks malnutrition and …

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