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US says political reforms need to accompany economic reforms in Sri Lanka.
USAID Administrator Samantha Power met with Sri Lanka’s Foreign Minister Ali Sabry to further USAID’s understanding of the Government of Sri Lanka’s priorities and reforms to address the country’s economic crisis.
Sri Lanka’s inflation falls down for the second month in November
Sri Lanka’s headline inflation based on the Colombo Consumer Price Index (CCPI) for November fell for the second consecutive month to 61.0 percent from 66.0 percent in October as food prices eased off
China reiterates that its aid to Sri Lanka never attached with political strings
China’s assistance to Sri Lanka never comes with any political strings attached, and China never seeks any selfish political gains from its investment and financing in Sri Lanka, Foreign Ministry Spokesperson Zhao Lijian reiterated recently.
AG’s dept. delays filing case against Express Pearl : State Minister
More than a year since the sinking of the cargo ship the X-Press Pearl in the island nations territorial waters , Sri Lanka is still grappling to claim compensation of US$ 7 billion from the ship owners which was brought down to $ 4 billion due unknown reasons amidst the delay in finalizing relevant documents and proceed with the case.
Govt’s 30% tax hike on exporters comes under the scrutiny of COPF
The cash strapped Government’s tax hike on companies in the export sector of up to 30 percent from 1 November onwards,