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In a new breakthrough in the ongoing revival saga of historic Kankesanthurai (KKS) cement project, a South Korean conglomerate of global scale said it is vying to clinch the mega Northern project on 24 May. Interestingly, the Korean conglomerate is to enlist yet another gigantic Korean multinational for the required engineering services for the huge KKS project.

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Mini hydro projects on state forest reservation are the cause of environmental degradation, experts say.

Thursday, 30 June 2016 12:15

Arjuna Mahendran before COPE on July 7

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The COPE committee has decided to call outgoing Central Bank Governor Arjuna Mahendran before the committee on July 7, COPE Chairman Sunil Handunetti told Daily News Online.

Thursday, 30 June 2016 10:28

New CB Governor to be appointed soon

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President Maithripala Sirisena is expected to appoint the new Governor of the Central Bank soon

Thursday, 30 June 2016 10:26

Tax system to be revised – President

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Government has decided to do some changes to amend the existing tax system.

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VizuaMatix, taking the next step in their commitment to providing reliable, cost-effective data visualization and monetization solutions to telecommunication service providers, was among the sponsors of this year’s Policy Control Conference held recently in Berlin. The annual conference is anexclusive gathering of organisations in the business of creating more effective systems for monitoring and monetising telecommunications services for a better end-user experience. The highlights of the 2016 Conference included discussions on a number of interesting topics such as creating added value and customer centric services, using policy management to add intelligence to offload decisions, areas which VizuaMatix has been passionately delving into so as to equip clients for shifts in the future of telco services. This is particularly relevant as end-users of telecom services demand more value from their providers in the face of rising costs.

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Sri Lanka is to streamline and strengthen the debt management amidst the rising of debt to Rs.7.18 trillion (US$55.19 billion) at the end of March this year, official sources disclosed.

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The payment of 15 percent interest rate for senior citizens above 55 years of age for their deposits in Licensed Finance Companies is unlikely to get off the ground due to financial implications relating to the relevant 2016 budget proposal, official sources said.

Wednesday, 29 June 2016 05:53

Govt. goes for GSP+ in Britain-minus-EU

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The Government yesterday handed over its formal application for regaining GSP+ and played down fears of Brexit having an immediate impact on the economy but acknowledged it would have to “jump the queue” to fast track Free Trade Agreements (FTAs) and be judicious on when to go to the market to sell a possible $1 billion bond.

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US based Harvard University's Center for International Development(CID) has stepped into carry out Sri Lanka’s economic growth diagnostic and complexity research with financial assistance of Billionaire investor and philanthropist George Soros and the Open Society Foundation, informed sources revealed.

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