Eight SSPs transferred; new Director appointed to FCID
Sri Lanka Police has transferred eight Senior Superintendents of Police (SSPs) and assigned them new appointments, based on recommendations from the National Police Commission, the Police Media Division stated.
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Customs clarifies hybrid vehicle fuel tax controversy
Sri Lanka Customs (SLC) has refuted false information circulating about the imposition of a fuel tax on hybrid vehicles during customs clearance.The SLC clarified that there are two types of hybrid vehicles.
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SEC and Central Bank warn public of rising investment schemes
The Securities and Exchange Commission of Sri Lanka (SEC) has recently raised concerns about a growing trend of investment schemes promoting offshore market opportunities.
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CEB’s revenue drops 28% in 2024 Q4
The state-run Ceylon Electricity Board (CEB) has made an operating loss of Rs. 3 billion in December 2024 quarter, and made a marginal net profit with the help of other income and gains.
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EPF suffers nearly Rs. 20 bn in losses from bond and equity market investments,
The Employees’ Provident Fund (EPF) has suffered close to Rs. 20 billion in losses from bond and equity market investments, with an additional Rs. 12 billion in foregone earnings, as a result of bypassing due process and investing in unlisted equity, according to a new report by Verité Research.
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Colombo stock market begins March with sharp dip
The Colombo stock market yesterday began the new month of March on a dismal note with a sharp dip in indices and lacklustre turnover.The benchmark ASPI was down by 1.9% and the active S&P SL20 by 2.1%. Turnover was Rs. 1.5 billion involving 65.2 million shares.
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CBSL begins publishing monthly external sector current account stats
Current account achieves higher surplus of $ 130.2 m in January 2025 compared to $ 81 m a year ago due to improvement in surplus in services and secondary income accounts despite wider trade deficitThe Central Bank of Sri Lanka (CBSL) has begun publishing the monthly external sector current account statistics starting from January 2025.
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Sri Lanka tourist arrivals up 9.5-pct in February 2025 led by India, Russia
Sri Lanka’s tourist arrivals grew 9.5 percent from a year ago to 240,217 in February 2025, with India and Russia top source markets, data from the state tourism development office showed.
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Government to resume maize imports
The government may have to resume maize imports in the near future despite the current suspension, Minister of Livestock, Land, and Irrigation K.D. Lalkantha stated during a recent parliamentary committee meeting.
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EPF suffers nearly Rs. 20 billion in direct losses from investments
The Employees’ Provident Fund (EPF) has suffered close to Rs. 20 billion in losses from bond and equity market investments, with an additional Rs. 12 billion in foregone earnings, as a result of bypassing due process and investing in unlisted equity, according to a new report by Verité Research. The report has calculated these losses and foregone earnings by analysing …
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