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The 75th National Independence Day – themed “Namo Namo Matha – A Big Step towards a Century” – is celebrated ceremoniously today (February 04) at the Galle Face Green in Colombo as the country is trying to unlock a USD 2.8 billion IMF bailout package to facilitate access to financial support to get the economy…
The Central Bank has issued an uncirculated commemorative coin in the denomination of Rs. 1,000 to mark the 75th Independence Day Celebration in the country. The first coin was officially presented to President Ranil Wickremesinghe by Central Bank Governor Dr. Nandalal Weerasinghe yesterday. This is the 71st commemorative coin that was issued by the Central…
Sri Lanka recorded over than 6,000 dengue cases in the first three weeks of January 2023 after a spell of heavy monsoon rain though a drop in cases is likely from February, officials said. Health officials identified 6,204 dengue patients by January 22, up from 5,793 recorded in the corresponding period last year. “A rise…
State Minister of Finance Shehan Semasinghe on Wednesday held a comprehensive discussion with a delegation of the European Union (Sri Lanka and Maldives region) with the aim of identifying areas to upgrade the social security system in Sri Lanka. The State Minister pointed out the need to further streamline the selection of the people who…
Sri Lanka’s merchandise exports earnings fell 9.7 percent in December year-on-year as the island nation saw a drop in buying from its key export destinations which are facing a looming recession after the Russia-Ukraine war. The earnings from the merchandise exports recorded $1.04 billion in December 2022 compared to the same month in the previous…
Sri Lanka’s shares edged down on Tuesday as worries over delay in financial assurances from China which is mandatory for a $2.9 billion dollar IMF loan and rise in protests against tax hike kept investors in check, analysts said. The main All Share Price Index (ASPI) edged down by 0.28 percent or 24.62 points to…
The Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), recently signed a service agreement with Lanka IOC PLC as the registrar for Lanka IOC PLC, with effect from 01st of January 2023. Lanka IOC PLC, with a corporate history spanning 20 years, is the only private sector auto fuel…
The Adani Group’s decision to abandon its $2.5-billion share sale has worsened the Indian conglomerate’s market rout. Over $100 billion has now been wiped off stock values of its seven listed companies over the past week. The group’s flagship, Adani Enterprises, plummeted 25% again on Thursday after the Adani board called off the share offer…
Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection. Prime Minister Shehbaz Sharif for months held out against the tax rises and subsidy slashing demanded by the International Monetary Fund, fearful of backlash ahead of…
Licensed crypto firms have paid 3.5 billion Uzbekistani som (more than $310,000) to the budget in the course of 2022, Uzbekistan’s regulatory authority responsible for the oversight in the sector revealed during a press conference, quoted by the crypto news outlet Forklog. At the briefing, the National Agency of Perspective Projects (NAPP), a body subordinated…
