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Govt receives USD 97.365 million as second instalment

The Sri Lanka Ports Authority announced that the Sri Lankan government has received a payment of 97.365 million US dollars from China Merchant Port Holdings as the second tranche of their investment. Subsequent to the agreement signed between Sri Lanka Ports Authority and the China Merchant Port Holdings Co. Ltd., …

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Farmers cautioned on water use in 2018 despite La Niña

Sri Lanka is expected to receive normal rains in the first three months of 2018, but the period is the driest in the year and farmers should use water sparingly, the island’s agricultural authorities have said in a weather update.   Meteorologists have forecasted a few days of rain after …

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Visa fees now payable in dollars instead of rupees

The government has approved regularizing and updating of the present method of visa issuance and to collect visa charges in US dollars instead of Sr Lankan rupees. A proposal made by Internal Affairs, Wayamba Development and Cultural Affairs Minister S. B. Navinna in this regard was approved by the Cabinet …

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IMF envisages Sri Lanka’s economy normalizing in 2018

The International Monetary Fund (IMF) envisages Sri Lanka’s economy normalizing in 2018 with the Real GDP growth projected to reach about 5 percent over the medium term. The real GDP growth is projected to increase from 4.2 percent in 2017 to 4.6 percent in 2018, as agriculture recovers with the …

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Business hours of licensed liquor shops revised

The Minister of Finance and Mass Media Mangala Samaraweera, under the excise Ordinance today issued a special gazette notification which revise the business hours of the liquor licensed establishments in the country. The revised time schedule, which will come into effect from today (Jan. 11), has been listed in the …

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Sri Lanka tea exports to Russia resume

Chairman of the Sri Lanka Tea Board Rohan Pethiyagoda has told the official news website of the government that tea exports to Russia have commenced as usual. Russia imposed a temporary restriction on imports of all agricultural products from Sri Lanka, including tea, from December 18 last year after an …

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