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Shortage of Octane 95 petrol to be restored soon

A shortage of Octane 95 petrol is being reported in filling stations island-wide. However, Octane 92 petrol is being distributed island-wide, from the CPC  stores it is reported. When contacted by Ada Derana Petroleum Public Workers’ Union, D.A. Rajakaruna said that there is a shortage of octane 95 petrol and …

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2018 budget overview

Minister of Finance and Mass Media, Mangala Samaraweera, arrived at the Parliament to present the Budget proposals for the fourth fiscal year of the Good Governance government. • He commenced the 2018 Budget Speech (Second Reading of the Appropriation Bill). • Government expects to achieve 5 percent  economic growth and …

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Pumping of fuel commences – CPC

The Ceylon Petroleum Corporation (CPC) says that tests have been completed on the samples which were obtained from the petrol shipment brought to the country in the fuel tanker ‘Neveska Lady’. Approval for pumping has been received after the lab tests, the CPC said. It said that the pumping of …

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Hathurusingha to be next Sri Lanka coach?

Former Sri Lanka player Chandika Hathurusingha, who is currently the head Coach of Bangladesh, is most likely to take over as next Sri Lanka Coach, Cricket Age learns. “Negotiation are going on with Chandika also. Though there are few others, most notably Dean Jones and Jason Gillespie, Chandika is the …

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Training on environmentally-friendly handbag production

A training on producing environmentally-friendly handbags has taken place as part of programmes by ‘Dhana Saviya’ to promote self-employment among women. Deputy minister Dr. Anoma Gamage chaired the commencement of the training in Ampara for 10 women from Ampara, Uhana and Tissapura areas. The required financial assistance and natural raw …

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Mangala will present 2018 budget today

Finance and Media Minister Mangala Samaraweera, today at 3.00 pm, will present to Parliament budget proposals for 2018.   This will be Samaraweera’s maiden budget as the Finance Minister, the 72nd budget of the post-Independence Sri Lanka and the fourth budget of the incumbent government. The present administration presented a …

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India to help end SL fuel crisis

President Maithripala Sirisena has received an assurance from Indian Premier Narendra Modi that India would extend all possible assistance to overcome current petrol shortage, an Indian High Commission spokesperson told The Island last night.   The assurance was given in the wake of Lanka Indian Oil Company (LIOC) making available …

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Prices of essential food items slashed

The government will sharply reduce import taxes on several food products from midnight Wednesday, the day before the government budget for next year is presented to parliament, finance minister Mangala Samaraweera said. The move is aimed at giving relief to consumers hit by recurring droughts and floods in recent months, …

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Step forward in mushroom cultivation

Success of the project to promote mushroom cultivation in order to economically-strengthen rural women has been marked with the women involved organizing themselves to form an association. Sixty seven women of Ampara district, who earn a monthly income of Rs. 25,000 from mushroom cultivation, have formed an entrepreneurial body titled …

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Investment Otions Beyond Fixed Deposits and Savings Accounts 

The majority of Sri Lankans invest their hard earned money in banks and finance companies in the form of fixed deposits and savings products. However, there are a number of other financial instruments available for investment for retail investors which includes the following. Government securities Listed debentures Listed shares Unit …

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