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New regulations by Sathosa to clear sugar

Sathosa is to follow new regulations when clearing sugar imported into the country following the recent discovery of cocaine in a container with sugar. Lanka Sathosa Chairman T. M. K. B. Tennakoon said that the new regulations will be introduced in order to prevent cocaine being smuggled into the market. …

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Australian Government sends back 13 Sri Lankans

The Australian Government said that 13 illegal maritime arrivals (IMAs) were returned to Sri Lanka on August 4. The individuals returned were not intercepted on a recent illegal maritime venture.  These non-citizens have been found not to engage Australia’s protection obligations, and have no lawful basis to remain in Australia. …

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Sri Lanka’s public finances strengthening-IMF

Sri Lanka’s overall fiscal deficit decreased from 7 percent to 5.4 percent of GDP between 2015 and 2016, with public finances strengthening under an IMF supported program, the fund said releasing its country report.   The budget deficit is projected to fall to 5.2 percent of GDP in 2017, although …

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