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Sri Lanka Marxists advise de la Rue worship as central bank credit tops trillion rupees


Wednesday August 4, 2021
7:30 am
Wednesday August 4, 2021
7:30 am
ECONOMYNEXT – Sri Lanka’s opposition Janatha Vimukthi Peramuna has slammed the printing of over a trillion rupees to fund state expenses after a tax cut, defend interest rates in the overnight and gilt markets as well as planned sales of state land to bring in foreign investment.
“The government should in fact worship the Biyagama money printing factory,” Anura Dissanayake, leader of Sri Lanka’s Marxist Janatha Vimukthi Peramuna told parliament in reference to a international security printer, Thomas de la Rue unit in an export industrial zone where currency notes are produce.
“The government has printed one trillion rupees in the last 16 months. You can repay the local debts by printing money. But large chunk of our loan are foreign borrowing.” ....

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Altair on track


`Altair’, the iconic building in Colombo – Sri Lanka is designed by Celebrity Architect Moshe Safdie based in Boston, USA. Moshe Safdie has designed many famous iconic structures including the famous Marina Bay Sands with Sky Garden in Singapore. `Altair’ is in the league of iconic buildings of the world, such as Burj Khalifa, Petronas Tower, Marina Bay Sands, Shanghai Tower, The Parc 1 Tower in Seoul – South Korea, ICC Building & Bank of China Tower in Hong Kong to name a few. 
The project `Altair’ was launched by South City Group in Colombo in the year 2013. Due to construction related complications, force majeure reasons and an unfortunate ownership related dispute, the project has been delayed. However, South City Group has expressed with much pleasure that the Group is back in the helm of the real estate project with 100% control. Most importantly, the project is progressing well and will be ready for handing over in the next few months. ....

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