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Government should decide raising fuel prices

Minister of Petroleum Resources Development Arjuna Ranatunga says that the final decision on whether to increase fuel prices should be taken by the Prime Minister and the President. He expressed this view addressing a function held today (19) to extend New Year wishes to the employees of the Ceylon Petroleum …

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CBSL says no to Bitcoin, Litecoin and Ethereum

The Central Bank of Sri Lanka (CBSL) has not given licence or authorisation to any entity or company to operate schemes involving virtual currencies, including cryptocurrencies, and has not authorized any Initial Coin Offerings (ICOs), CBSL said in a statement warning public that they may pose significant risks in terms …

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Sri Lanakan achieves record revenue of US$ 830 mn in 2017/18

Sri Lanka’s national carrier, SriLankan Airlines on Monday said it had achieved a record un-audited annual passenger revenue of Rs. 126.9 billion (US Dollars 830.7 million) for its just ended financial year of 2017/18 – the highest ever in the Company’s 38-year history. The revenue comes on the back of …

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IIP up by 0.5% in February 2018

The Index of industrial production (IIP) increased by 0.5% in the month of February, 2018 compared to the same month in 2017, Director General, Department of Census and Statistics, Dr. A. J. Satharasinghe said.   IIP reported for the month of February 2018 and 2017 were 103.9 and 103.4 respectively. …

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CPC fuel prices to increase ?

Ceylon Petroleum Corp (CPC) is under pressure to raise fuel prices as the refiner incurred huge losses this year, cabinet spokesman Rajitha Senaratne said on Wednesday. The CPC incurred a loss of 9.9 billion rupees ($63.5 million) in the first two months of the year, a government document showed. “It …

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Liquor shops closed for New Year and Vesak

The Department of Excise says that all liquor shops in the island will be closed on April 13 and 14 due to the Sinhala and Tamil New Year. The liquor shops will also be closed on April 29 and 30 due to Vesak Poya. Meanwhile the Excise Department says that …

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Plant distribution for ‘Nekathata Pelayak’

The Primary Industries Ministry is planning to plant 100,000 TEJC mango plants island wide at the auspicious time when the Sinhala and Tamil New Year dawns. Titled ‘Nekathata Pelayak’, this will be part of a project to plant 100 million export crop plants this year. The distribution of the mango …

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