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The First Deputy Managing Director of the International Monetary Fund to Visit Sri Lanka

Dr. Gita Gopinath, the First Deputy Managing Director (FDMD) of the International Monetary Fund (IMF), is scheduled to visit Sri Lanka from 15-16 June 2025. This visit is significant, as it marks the first time since 2005 that a serving...

Superintendent of Anuradhapura Prison remanded

The Superintendent of the Anuradhapura Prison, who was arrested by the Criminal Investigation Department (CID) over allegations of unlawfully releasing an inmate of the Anuradhapura Prison under the presidential pardon for Vesak Poya, has been remanded until June 11, Ada...
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Prisons chief suspended over alleged misuse of Presidential pardons

A decision has been taken by the Cabinet of Ministers to suspend the services of Commissioner General of Prisons Thushara Upuldeniya. The decision was taken during today’s weekly Cabinet meeting chaired by President Anura Kumara Dissanayake. The move comes as...

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,...

“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...

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 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...

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...

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...

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...
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