Invest Sri Lanka Forum opens in Singapore

At an Invest Sri Lanka forum in Singapore, Ray Abeywardena, Director of the Colombo Stock Exchange (CSE) and Group CEO at HNB Investment Bank, highlighted that Sri Lanka’s recent exchange rate stability is significantly boosting investor confidence and providing much-needed predictability for businesses. Abeywardena stated, “A key highlight of our recent achievement is the stability of the Sri Lankan rupee”. …

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CoPF criticises delays in gambling regulator setup

The Committee on Public Finance (CoPF) has voiced strong criticism over prolonged delays in setting up Sri Lanka’s Gambling Regulatory Authority (GRA), describing the latest draft of the GRA bill as inadequate. The remarks come soon after the opening of the City of Dreams integrated resort, which was granted a 20 year casino license. CoPF Chairman Dr. Harsha de Silva …

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Sri Lanka surpasses IMF June fiscal targets with room to spare

Sri Lanka has beat key fiscal targets set in an International Monetary Fund program for June with room to spare amid strong tax revenues, including from vehicles, official data show. The primary balance of Sri Lanka’s central government budget was a surplus of 859 billion rupee, sharply higher than the 130 billion rupee target set in the currently applicable IMF …

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Plastic pollution causes global health crisis

The oldest international medical journal, The Lancet, shared a new report that says plastic pollution causes sickness and death from infancy to old people. It also causes health-related costs of more than US$1.5 trillion every year. The report, made by top health experts and doctors, was published just before talks in Geneva. It asks nearly 180 countries to think about …

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