Three investment zones will be established in Sri Lanka’s Northern Province, President Anura Kumara Disanayake told the World Bank.The statement was made during a meeting between President Anura Kumara Dissanayake and representatives of the World Bank held at the Presidential Secretariat.
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Sri Lanka’s Minister of Foreign Affairs, Vijitha Herath, said that the island nation aims to resolve land and other issues with regard to the Chinese state energy giant Sinopec, as soon as possible.
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The World Bank reaffirmed its support for Sri Lanka with plans to finance three key projects over the next three months totaling $200 million.
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His Majesty’s Trade Commissioner (HMTC) of UK for South Asia, Harjinder Kang, is visiting Colombo from 21 to 23 January 2025.
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The Government has decided to establish the Financial Crime Investigation Division (FCID) next week and investigations will be carried out promptly into all cases related to financial crimes that have not been properly probed in the past, Public Security Minister Ananda Wijepala told Parliament yesterday.
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The Ceylon Chamber of Coconut Industries (CCCI) yesterday called for immediate Government intervention to address an unprecedented coconut shortage threatening both domestic consumption and the export potential of the industry.
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The Central Bank has taken steps to regulate informal money transfer systems including Undial and Hawala to ensure financial stability and prevent illicit activities.The Undial and Hawala systems are informal, trust-based methods of transferring money, common in South Asia and West Asia.
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A scathing critique by the Aircraft Owners and Operators Association (AOAOA) yesterday, detailed the severe crisis the domestic aviation industry faces due to a combination of unresolved safety concerns, regulatory shortcomings, and systemic inefficiencies.
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It is better for former President Mahinda Rajapaksa to leave his residence without waiting till he is asked to do so, Cabinet spokesman Dr. Nalinda Jayatissa said today.
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