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SL requests further stay of proceedings in US; Hamilton Reserve Bank wary
The Government has requested the US District Court for the Southern District of New York to extend its stay of proceedings in ...
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Turnover at CSE hits 10-month high as ASPI sustains 19-day gain
Turnover at the Colombo stock market yesterday shot up to a 10-month high of Rs. 9.2 billion with the benchmark ASPI ...
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18-member Presidential Task Force empowered to implement “Clean Sri Lanka” program
President Anura Kumara Dissanayake has appointed an 18-member Presidential Task Force to plan and implement the “Clean Sri ...
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Fitch upgrades Sri Lanka to ‘CCC+’
Fitch Ratings has upgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’, from ‘RD’ (Restricted Default). Fitch typically does not assign an Outlook to sovereigns with a ...
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Govt. says final call on Adani Wind Farm not possible until final SC ruling
Foreign Affairs Minister Vijitha Herath has said the Sri Lankan Government is unable to make a final decision on the proposed ...
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Macksons signs up for $ 17 m BOI venture to add value to minerals
Macksons Minerals and Polymers Ltd., a subsidiary of Macksons Holdings, has signed an agreement worth $ 17 million with the ...
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Cabinet approves new procurement guidelines for Parliament submission
The Cabinet of Ministers on Wednesday approved a proposal by President Anura Kumara Dissanayake to submit the Procurement Guidelines 2024 to Parliament, marking a significant step toward enhancing ...
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Govt. retains Special Commodity Levy framework amid policy concerns
The Government has decided against revising the Special Commodity Levy Act No. 48 of 2007, reaffirming its commitment to maintaining the existing levy structure for essential goods. The Cabinet of ...
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Govt. extends rice imports via private sector till 10 January
The Government has extended the temporary lifting of rice import restrictions, allowing private importers to bring in rice without a licence till 10 January 2025 to address the ongoing shortage. On 3 ...
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Govt. seeks to update ISFTA with India as ETCA discussions continue
Minister of Foreign Affairs Vijitha Herath has clarified that the current Government has neither signed the controversial Economic and Technical Cooperation Agreement (ETCA) with India nor taken steps ...
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ITC Hotel demerger from 1 January
FMCG giant ITC Ltd. has fixed 1 January 2025 as the effective date for the demerger of its hotel business after receiving an order from the National Company Law Tribunal (NCLT). In a regulatory filing ...
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Abans raises Rs. 300 m via debentures
Abans PLC has successfully raised Rs. 300 million via a listed debenture issue recently. The issue involved 3 million listed, rated, unsecured, senior redeemable debentures of Rs. 100 each. The issue ...