President Anura Kumara Dissanayake has officially appointed members to the Port City Economic Commission. The official letters of appointment were handed over to the members by the Secretary to the President Dr. Nandika Sanath Kumanayake at the Presidential Secretariat today (13). Accordingly Harsha Amarasekera, President’s Counsel, has been appointed as the Chairman of the Port City Economic Commission. The other …
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Rs. 232 million has been the expected revenue from the Department of Excise for the year 2024, and the Department of Excise has stated that the department has been able to collect a revenue of exceeding Rs. 200 million as at 30.11.2024. Issuing a statement, the department stated that this is the first time the department was able to collect …
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Summary The Sri Lankan authorities have embarked on an ambitious reform of its public debt management functions. There is consensus that the fragmented public debt management (PDM) legal framework and PDM functions across departments within the MoF and the CBSL have contributed to the lack of coherent management of the public debt in Sri Lanka. It has also contributed to …
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President Emphasizes Strict Action against Traders Not Adhering to Controlled Rice Prices • White Rice Prices: Wholesale Rs. 215, Retail Rs. 220• Imported Nadu Rice Retail Price Set at Rs. 220• Samba Rice Prices: Wholesale Rs. 235, Retail Rs. 240• Keeri Samba Prices: Wholesale Rs. 255, Retail Rs. 260• President Inquires About Frequent Daily Price Fluctuations in Rice• Consumer Affairs …
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The United Kingdom (UK)-Sri Lanka Trade Mission, part of the UK Government-funded SheTrades Commonwealth+ Programme, is connecting 13 UK companies with 45 Sri Lankan women entrepreneurs on 2 – 6 December 2024. Co-organised by the International Trade Centre (ITC) and the Sri Lanka Export Development Board (EDB), the trade mission aims to strengthen bilateral economic trade between the UK and …
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The World Bank has expressed its commitment to supporting the Government of Sri Lanka’s “Clean Sri Lanka” programme, as announced by World Bank Executive Director Parameswaran Iyer during a meeting with President Anura Kumara Dissanayake at the Presidential Secretariat today (04). Congratulating the President on forming the new government, Mr. Iyer affirmed that all ongoing World Bank-supported projects in Sri …
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Global lender says it will release about $333m to crisis-hit nation as signs of economic recovery emerge. The International Monetary Fund (IMF) has approved the third review of Sri Lanka’s $2.9bn bailout but warned that the South Asian island nation’s economy remains vulnerable. The global lender said on Saturday that it would release about $333m, bringing total funding to $1.3bn, …
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The Information and Communication Technology Agency (ICTA) on Monday launched the Global Entrepreneurship Week (GEW) in Sri Lanka for the third consecutive year championing the importance of entrepreneurship from 18 to 24 November. Themed “Entrepreneurship is for Everyone,” GEW 2024 in Sri Lanka aims to embody the inclusivity and creativity that entrepreneurship offers to the world by celebrating and empowering …
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The government of President Anura Kumara Dissanayake reaffirmed its readiness to collaborate with the International Monetary Fund (IMF) to advance Sri Lanka’s economic recovery within the context of the mandate. Senior Mission Chief Peter Breuer and the IMF delegation met with President Dissanayake and key ministers of the newly-formed government at the Presidential Secretariat today (18), to discuss the next …
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The Korean Small and Medium Enterprise (SME) Association has expressed its commitment to support Sri Lanka in advancing the agriculture sector and enhancing related employment opportunities. Additionally, the association has agreed to provide technical assistance and training resources essential for the development of the fishing industry. These topics were highlighted during a meeting held today (13) at the Presidential Secretariat …
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