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WB grants SL US$ 100 million assistance to improve higher education

The World Bank Board of Directors Friday has approved US$100 million in financing to support Sri Lanka’s higher education sector. This new initiative will help increase enrollment in priority disciplines, improve the quality of degree programs and promote research and innovation in the higher education sector, the World Bank said …

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Over 8,000 Ha of forest cover destroyed annually

Over 8,000 hectares of forest cover is destroyed each year in Sri Lanka. This was revealed in Colombo on 9 May by the United Nations Collaborative Programme on Reducing Emissions from Deforestation and Forest Degradation in Developing Countries (UN-REDD), which is supporting Sri Lanka to reduce forest destruction and emission …

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New tax scheme to spur investment

Finance Minister Ravi Karunanayake said that the government has decided to introduce a new tax scheme to encourage small, medium and large scale investors, both local and international. The purpose of the new system is to give priority to genuine investors to ensure economic growth in the country, he says. …

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