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IMF bailout package preparation for Sri Lanka gains significant progress
A new IMF-supported programme to extend the extended fund facility to Sri Lanka is being developed to restore macroeconomic stability and debt...
New Govt plan for fuel supply on the cards amidst no petrol at CPC and LIOC
The Government has devised a plan to supply fuel for the country without any shortage at fuel filling stations countrywide after July 10 this year. .
Govt to bolster ties with the Middle East seeking fuel aid
Sri Lanka is now making every effort to cement diplomatic ties with The Middle East tainted since 2014 and thereafter in 2021 anti muslim violence in 2014 with the aim of obtaining assistance to avert critical fuel crisis in the country.
UK recognises Sri Lanka’s current economic challenges
The United Kingdom recognises the difficult economic situation in Sri Lanka and welcomes the start of in-depth discussions with the International Monetary Fund (IMF) on reforms needed to bring the economy back to a sustainable path, the British Minister claimed. .
Two finance companies fined Rs.1.5 mn for violating Central Bank rules
Two finance companies have been filed a total of Rs.1.5 million by the Central Bank (CB) for violating anti-money laundering and terrorist financing regulations imposed by the banking regulator (CB). The fines were imposed in September 2021.