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Recent report of Business Times (BT) opinion poll revealed a sudden slight setback in the new government’s popularity as its performance on economy has failed to satisfy the masses. However the out come of poll indicated mixed opinion of the cross section of the people.

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Forensic audit report on bond scam has exposed explosive findings on irregular investments allegedly made on the directions of the then Central Bank Governor Ajith Nivard Cabraal during the period 207 to 2015.

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A special team from the International Monetary Fund (IMF) will be arriving in Sri Lanka by March this year to reach a staff-level understanding on the seventh and final review on the US$1.5 billion Extended Fund Facility (EFF), official sources said.

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The National Lotteries Board (NLB) has been experiencing a shortage of lottery tickets as a result of a State Printing Corporation (SPC) machine break down, lottery agents complained.

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Toyota Lanka (Pvt) Ltd recently launched a comprehensive website for Toyota Sure certified vehicles which are approved by Toyota Motor Corporation and exported to Sri Lanka.

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Former Central Bank Governors Arjuna Mahendran and Ajith Nivard Cabral have been allegedly implicated in Central Bank bond scam in lengthy findings of five Forensic Audits claiming that the country has lost Rs11 billion from transactions.

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Sri Lanka Telecom PLC (SLT) employees welcome the government’s action to appoint a new chairman and reconstitute the Board of Directors to re-invigorate the state owned telecom service provider steered into a loss making- debt ridden entity by former Chairman Kumarasinghe Sirisena , trade unions said.

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Chief Financial Officer Commercial Bank of Ceylon Nandika Buddhipala called on the government to impose a debt moratorium to deal with the current crisis in the banking sector.

Friday, 24 January 2020 06:34

Tourism triumph in the works for 2020

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Emboldened by its potential Sri Lanka Tourism is optimistic of pursuing an ambitious target, doubling their 2019 numbers to four million arrivals and accelerating revenue from $ 3.5 billion last year to $ 5 billion in 2020 to spearhead an overall economic revival for Sri Lanka.

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Fitch Ratings yesterday said it has revised the Outlook to Negative from Stable on the Long-Term Issuer Default Ratings (IDR) and National Long-Term Ratings of several Sri Lanka-based banks and has affirmed their ratings.

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