Meeting Between President and Australian Deputy Prime Minister

President Anura Kumara Disanayake held discussions with the Deputy Prime Minister and Minister for Defence of Australia Richard Marles at the Presidential Secretariat this morning (03). The meeting focused on further strengthening the historic ties between Sri Lanka and Australia, with a particular emphasis on enhancing bilateral cooperation. President Disanayake highlighted Sri Lanka’s progress towards economic stability and briefed Deputy …

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Strategic Plan Launched to Revitalize Sri Lanka’s Dairy Industry

President Anura Kumara Disanayake held a discussion this morning (03) at the Presidential Secretariat with senior officials of the Ministry of Agriculture, focusing on the revitalization of the local dairy industry. The meeting centred on the need to transform MILCO and the National Livestock Development Board into efficient and productive enterprises that can meet the country’s domestic dairy demand. President …

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“Your Tax – Your Future” – “Badu Shakthi – National Tax Week” Launched to Strengthen Tax Compliance and Broaden the Tax Base

We have created a political culture that does not waste or misuse the taxpayers’ money. President Anura Kumara Disanayake emphasized that he gives the nation his assurance that not a single rupee of the tax money paid by the people will be misused or lost to corruption. He further stated that if any politician or public official is found engaging …

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National Credit Guarantee Institution commences operations

National Credit Guarantee Institution Limited (NCGIL) commenced its operations in January and issued the first set of guarantees to 3 Financial Institutions (FIs) to partly cover the loans approved by them for 3 Micro, Small and Medium enterprises (MSMEs). Under the guarantee program, NCGIL is providing individual guarantee cover to its shareholder Financial Institutions (SFIs) to encourage them to grant …

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Exports top $ 5.5 b mark in first four months

Sri Lanka’s export sector has demonstrated remarkable resilience and steady progress during the first four months of 2025, with total exports reaching $ 5.583 billion, marking a robust 6.9% increase compared to the same period in 2024.  The Sri Lanka Export Development Board (EDB) said this upward trend reflects renewed momentum across key industries and underscores the sector’s adaptability in …

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Miss England finalist Milla Magee quits Miss World, says she was made to feel ‘like a prostitute’

Miss England Milla Magee withdrew from the Miss World competition due to moral objections. Magee criticised the treatment of contestants in Hyderabad, calling the environment demeaning and objectifying, and claimed the organisation is outdated. She said she was made to ‘feel like a prostitute’. In a striking departure from tradition, Miss England finalist Milla Magee has made headlines by becoming …

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The Central Bank of Sri Lanka further reduces the Overnight Policy Rate (OPR)

The Monetary Policy Board decided to reduce the OPR by 25 bps to 7.75% at its meeting held yesterday, thereby easing monetary policy further. The Board arrived at this decision after carefully considering the developments both domestically and globally. The Board is of the view that this measured easing of monetary policy stance will support steering inflation towards the target …

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Advocata urges Govt. to reassess recent price controls on bottled water

The Advocata Institute has urged the Government to reassess the recent price controls imposed on bottled water. Effective 1 April 2025, the Sri Lanka Consumer Affairs Authority (CAA), through an Extraordinary Gazette notification, imposed price controls on bottled drinking water manufactured and sold in the country. The maximum price ranged from Rs. 70 per small bottle and Rs. 350 for …

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CBSL Chief dismisses likelihood of 44% tariff on Sri Lankan exports amid US trade tensions 

Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe last Friday stated that the imposition of a 44% reciprocal tariff on Sri Lankan exports to the US is unlikely, citing ongoing diplomatic engagement and recent developments in global trade policy. He made these remarks at a public lecture organised by the CBSL titled ‘State of the Economy as Reflected …

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Manufacturing suffers seasonal dip, services sector growth slows in April

The Purchasing Managers’ Indices in April have reflected the seasonal contraction in Manufacturing activities and an expansion in Services activities, though lower than in March. Following the seasonal pattern, the Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) declined to 40.1 in April. The key sub-indices of Production, New Orders, Stock of Purchases, and Employment contracted during the …

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