BUSINESS

Valuable funds misappropriated in SL’s 100,000 tasks initiative

As the government grapples with massive budget deficits and perilously high debt, its recent programmes to improve the living standards of the people have...

Government decides to  restrict state expenses to tackle fiscal crisis   

The Government has decided to strictly restrict state expenses owing to the grave financial crisis the country’s treasury was facing, the finance ministry said.  The...

IMF bail out package to Sri Lanka hangs on the Chinese balance

Sri Lanka is still not able obtain assurance from the International Monetary Fund(IMF) for a Rapid Finance Facility(RFF) owing to lack of any firm...

Central Bank renews lending and deposit interest rates

The Central Bank has issued a new directive on interest rates on lending and deposit products following the increase of policy rates by 7%...

Formulation of SL National Policy on Mineral Resources expedited

The Geological Survey and Mines Bureau has been ordered to expedite the preparation of the proposed National Policy on Mineral Resources as mineral export...

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