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President says foreign humanitarian aid helped mitigate fuel crisis

by Sanath Nanayakkare No country in the world could give Sri Lanka direct financing assistance after we became a bankrupt country, but they chose to give us multiple aid under different headings that translated into crucial help to the real economy, President Ranil Wickremesinghe said in Colombo on Tuesday. Speaking at the Tax Forum organized […]

Due to escalating costs SL s real estate business seen as unviable – The Island

By Hiran H.Senewiratne The Sri Lankan real estate business at this juncture is not viable due to the new tax system and high inflation. These factors have compelled these businesses to shift into other sectors, such as the hotel and leisure industry, chairperson, Natwal Parikh Group Rohan Parikh said. ” Due to the rupee depreciation, […]

US puts forward Ajay Banga to lead World Bank

BBC reported that United States President Joe Biden has named Indian-American businessman Ajay Banga as the US pick to lead the World Bank. The move comes as the US increases pressure on the bank to put more emphasis on tackling climate change. Ajay Banga led credit card giant Mastercard for more than a decade and […]

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