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ECONOMYNEXT –Sri Lanka will issue soft-liquor licenses to tourist hotels and restaurants under rules issued by President Ranil Wickremesinghe as Finance Minister, in a boost to tourism sector and government revenues. The new rules are effective from July 28.The beer and wine license will be issued by the Department of Excise following a recommendation from […]
No queue travail for the lucky few By Ifham Nizam While many other state-sector professionals including medical specialists and other health workers are spending days and nights in fuel queues, engineers of the Ceylon Electricity Board are not feeling the pinch thanks to the government giving priority to supplying fuel for power generation, a senior […]
Anthony Nihal Fonseka has been reappointed as a member of the Monetary Board of the Central Bank of Sri Lanka (CBSL) with effect from 27 July 2022 for a period of six years. Previously, he served on the Monetary Board from July, 2016 to May 2020 and from May 2022 to July 2022. He obtained […]
AL Jazeera) Some Asian central banks must rapidly raise interest rates to prevent an “upward spiral” in inflation as the war in Ukraine drives surging fuel and food prices, an International Monetary Fund (IMF) official has said. While inflation in Asia remains “moderate” compared with other regions, several economies will have to act quickly to […]
BY S VENKAT NARAYAN Our Special Correspondent NEW DELHI, July 30: Even as the global aviation industry is recovering from the adverse impact of the Covid-19 pandemic, Ashok Aliseril Thamarakshan, a man from Kerala, is travelling through Europe with his family on a plane he built himself. The plane was built by Thamarakshan, now based in […]