Public Sector Resilience: Employee Stability amid Challenges over Past Two Year
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July 17, 2024
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State Minister for Home Affairs, Ashoka Priyantha, emphasized that despite the challenges posed by the COVID-19 pandemic and severe economic crisis, maintaining stable public services without any employee layoffs or salary cuts is a significant achievement. He credited President Ranil Wickremesinghe’s guidance for being instrumental in achieving this stability. Addressing the press briefing titled “Two Years of Progress and Advancement” …
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Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in June 2024
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July 16, 2024
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Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 56.6 in June 2024, indicating an expansion in manufacturing activities. All the sub-indices, except for employment, remained above the neutral threshold during the month. The expansion in New Orders and Production was mainly due to the growth in the manufacture of food and beverages sector. Stock of Purchases also expanded, in …
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Electricity Price Slash Promises 20% Savings on Goods and Services
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July 16, 2024
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Minister of Power and Energy, Kanchana Wijesekera highlighted that following the revision of electricity prices, there is potential for a reduction of approximately 20% in the prices of goods and services in the market. The Minister further urged the business community to alleviate the burden on the public by lowering prices, starting from midnight on the day of the electricity …
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Remarkable Surge in Agricultural Exports in First Half of 2024
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July 15, 2024
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Secretary to the Ministry of Agriculture and Plantation Industries, B.L.A.J. Dharmakeerthi, highlighted a significant resurgence in the agricultural export sector during the first half of 2024, surpassing performance in the preceding two years. He attributed this growth to decisive actions taken to counter the decline in agricultural export earnings observed in 2023 compared to 2022. Addressing the press briefing titled …
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Building a Robust Economic Framework for Future Generations
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July 13, 2024
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The President said inaugurating the new swimming pool at Anuradhapura Central College. President Ranil Wickremesinghe emphasized his commitment to building a robust economic framework that ensures long-term stability for future generations, steering away from short-term solutions that could risk economic collapse. He made these remarks today (13) during the inauguration of the state-of-the-art swimming pool at the Anuradhapura Central College. …
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Vehicle import ban to be lifted by mid August
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July 13, 2024
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Finance State Minister Ranjith Siyambalapitiya said that the final decision regarding the lifting of the ban imposed on the import of vehicles will be taken by mid August. The State Minister also pointed out that the committee appointed to look into the matter met on July 4 and agreed to submit its final report to Cabinet by the second week …
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President Chairs Launch of Second and Third Phases of Bingiriya Export Processing Zone Development
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July 12, 2024
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President Ranil Wickremesinghe stated that a robust economy can be established by enhancing the export economy, manufacturing, tourism, technology sectors, and modern agriculture. He highlighted that the government has already laid the foundation for this vision. The President made these remarks today (12), during the inauguration ceremony of the second and third phases of the Export Processing Zone in Bingiriya, …
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President Inaugurates First-Ever Department of Cinnamon Development in Karandeniya, Galle
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July 10, 2024
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President Ranil Wickremesinghe emphasized that the country’s progress would be undone without the implementation of a proper economic system. He stated that some individuals are spreading various statements aimed at undermining the economy and emphasized that falling prey to such false propaganda could lead to a permanent economic collapse. The President made these remarks while attending the opening of the …
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U.S. SUPPORTS SRI LANKA’S TRADE THROUGH AWARENESS RAISING ON NEW SYSTEM
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July 10, 2024
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Public and Private stakeholders, including Mr. Mahinda Siriwardana, Secretary to the Ministry of Finance, Economic Stabilization and National Policies, pose for a group photo following the workshop The United States, through the United States Agency for International Development (USAID), is supporting the Sri Lankan Ministry of Finance to modernize the country’s trade facilitation infrastructure through the implementation of Sri Lanka’s …
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“Vision 2030” A Blueprint for Sustainable Development presented to the President
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July 9, 2024
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A comprehensive policy document titled ‘Vision 2030’, prepared by the Ceylon Chamber of Commerce, to guide Sri Lanka towards sustainable and inclusive development by 2030 was presented to President Ranil Wickremesinghe today (09) at the Presidential Secretariat. This document outlines a strategic roadmap for Sri Lanka to achieve sustainable and inclusive development by the year 2030. ‘Vision 2030’ also analyses …
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