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European Union reminds Sri Lanka of compliance with GSP+ commitments.
The European Union (EU) has reminded Sri Lanka on the need to work in full compliance with its GSP+ commitments.
Credit Card interest rate hikes to new high of 40 percent hammering card holders
Sri Lankans, whose real incomes are getting hammered on a daily basis from soaring inflation, have turned to getting credit cards from Banks even its interest rates have jumped to 40 percent .
1,000 special valuable items gone with the winds of struggle
Official authorities reported that nearly 1,000 special items, including items of antique value plus files with important documents, computers, laptops and rare books have gone missing from places including the Presidential Palace and Temple Trees, which were taken over by the protesters.
SL budget deficit widens compelling Govt to prune public spending
The government expenditure surpassed Government revenue by 83.0 percent resulting in a budget deficit of Rs. 524.1 billion which is 0.7 percent higher than the Rs.520.5 billion budget deficit in the same period of 2021
ADB forecasts Sri Lankas growth to contract by 7.6 percent
The Asian Development Bank (ADB) says Sri Lanka’s growth is forecast to contract by 7.6% in 2022 and economic activity will remain subdued in 2023.