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Seat belts, air bags compulsory on vehicles from July 1- FM

The Ministry of Finance and Mass Media has decided to postpone the implementation of the budget proposal on introduction of emission standards and safety measures from 1st July, 2018, the Government Information Department said. The Ministry has taken this decision after considering the representations made by motor vehicle importers and …

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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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