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Hambantota port officially handed over to China

The maintenance and management of the Hambantota port by Chinese management will officially begin yesterday. Sri Lanka’s Cabinet of Ministers approved the signing of an agreement of share ownership before commencing operations in the Hambanthota Port following parliamentary sessions on December 6. On July 29, the amended agreement to expand …

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Short term measures to reduce rising cost of living

The government  has taken steps to implement several short term measures to arrest the rising cost of living in the country ahead of the festive season. The disruption of cultivation in several seasons, due to the adverse climatic condition that prevailed has resulted in a considerable decline of food production …

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IMF approves US$ 251.4 mn to Lanka

The IMF Executive Board completed the third review of Sri Lanka’s Extended Fund Facility arrangement on Wednesday (6), enabling the disbursement of US$ 251.4 million to the country. In a statement yesterday, the IMF said the Executive Board completed the third review of Sri Lanka’s economic performance under the programme …

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Securities Exchange Bill presented to Parliament

The Bill to establish the Securities and Exchange Commission of Sri Lanka and to repeal the Securities and Exchange Commission of Sri Lanka Act, No. 36 of 1987, was presented to the Parliament on Wednesday (6). The Bill was presented by  Chief Government Whip Minister Gayantha Karunathilaka. The Securities and …

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