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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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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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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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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Known as a bold and decisive judge who speaks his mind, Chief Justice Gavai’s tenure may see important hearings in the challenges to the Places of Worship Act and the Waqf (Amendment) Act of 2025 Justice Bhushan Ramkrishna Gavai was sworn in by President Droupadi Murmu as the 52nd Chief Justice of India at the Rashtrapati Bhavan on May 14th. …
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Speculation surrounding the state of the couple’s marriage has been rife given Melania’s infrequent appearances at the White House Biographer Michael Wolff has claimed that President Donald Trump and First Lady Melania Trump are essentially “separated” following reports that she has spent less than two weeks at the White House since the president’s inauguration. Wolff, who has authored several books …
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The National People’s Power (NPP) government marks six months in office this May, with questions emerging on theprogress with key manifesto promises. After securing a decisive electoral victory with President Anura Kumara Dissanayake’s win in September 2024 and gaining159 parliamentary seats in November during the Geneal Election, the administration now faces scrutiny on its implementation record. Recent local government election results indicate growing …
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President Anura Kumara Disanayake has urged all Chairpersons of District Coordinating Committees to actively engage in revitalizing the nation’s production-oriented economy and fostering rural development. The President made these remarks during a discussion held this morning (16) at the Presidential Secretariat with the participation of District Coordinating Committee Chairpersons and senior officials of the Ministry of Finance. The 2024 budget …
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Applicants will be targeted by Home Office due to suspicions they are most likely to overstay and claim asylum Nigerians, Pakistanis and Sri Lankans applying to work or study in the UK face Home Office restrictions over suspicions that they are most likely to overstay and claim asylum, Whitehall officials have claimed. The government is working with the National Crime …
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New Delhi: Prime Minister Narendra Modi on Friday held a security review meet with the chiefs of all three armed forces, a day after India successfully thwarted Pakistan’s drone attacks. Chief of Defence Staff General Anil Chauhan and National Security Advisor (NSA) Ajit Doval are present. The development comes after India launched air strikes under Operation Sindoor against targets in Pakistan …
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