The government is to initiate action for the establishment of a mechanism for stolen asset recovery in keeping with the Stolen Asset Recovery Initiative (StAR Initiative) and fresh measures for probing into corruption and frauds as promised in the election manifesto, Public Security Minister Ananda Wijepala said.
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The government has set its sights on an ambitious annual export revenue target of US $ 36 billion to be achieved by 2029, according to the Export Development Board (EDB).
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The Ceylon Electricity Board (CEB) reported a turnaround performance in the three months through September 2024, at both top and bottom-line levels, as the state-owned power behemoth turned to black,
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The country’s manufacturing and services sectors in October showed strong upturn, judging by the Purchasing Managers Index (PMI).The manufacturing PMI recorded an index value of 58.1 in October 2024, indicating an expansion in manufacturing activities.
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Sri Lanka’s tea exports in October have increased by 14% year-on-year (YoY) whilst value-wise, the growth was subdued.
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The United States saw a 7% increase in international student enrollment in the 2023-2024 academic year, with 90% of students returning to in-person learning.
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