Amidst several contradictory statements coming from the NPP government ministers over the ongoing rice shortage in the country, it has come to light that the government finds itself in a quandary since it has no accurate data on last year’s paddy production.
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Special investigation teams of the Consumer Affairs Authority (CAA) have raided several wholesale and retail outlets in Colombo District and detected 20 traders selling rice at prices exceeding the maximum retail price.
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The Colombo High Court has moved to February 21 to deliver its decision pertaining to the reply submissions by the Bribery Commission in relation to the case filed against former Central Bank Governor Ajith Nivard Cabraal and a group of defendants.
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Sri Lanka’s apparel exports in 2024 grew by 5% to $ 4.76 billion as per provisional data released by the Joint Apparel Association Forum.
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The Government of Sri Lanka has decided to recommence the construction of Kurinchakerny Bridge in Kinniya facilitating transportation needs of thousands of people in the area.
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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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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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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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Sri Lanka central bank’s net foreign assets rose to about 310 million US dollars in November 2024, official data show, as it bought foreign exchange outright through deflationary policy and also settled reserve related liabilities.
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The highly delayed operational expansion of the Jaya Container Terminal (JCT) is affecting operations at the Colombo Port while doubling the building cost along with the procurement of new gantry cranes.
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