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Sri Lanka’s central bank fires salvo against cryptocurrencies

 News
Apr 162018
 

ECONOMYNEXT – Sri Lanka’s central bank has warned the public on the use of ‘virtual’ or ‘cryptocurrencies’, which are evolving private competitors to state money, some of which have so far been stronger than depreciating and hyperinflating fiat money issued by centralized authorities.

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Sean Carey says Sri Lanka visit is first step towards creating a charitable legacy for Dubai Eagles

 News
Apr 162018
 

Sean Carey says Sri Lanka visit is first step towards creating a charitable legacy for Dubai Eagles … have only just completed their debut season as a fully-fledged club, but Dubai Eagles are already dreaming of creating a legacy for future generatio…

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Sri Lanka’s national carrier achieves record revenue of US$ 830 mn in 2017/18

 News
Apr 162018
 

Apr 16, Colombo: Sri Lanka’s national carrier, SriLankan Airlines on Monday said it had achieved a record un-audited annual passenger revenue of Rs. 126.9 billion (US Dollars 830.7 million) for its just ended financial year of 2017/18 – the highest ever in the Company’s 38-year history. The revenue …

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Pakistani National Defense University delegation undertakes study tour in Sri Lanka

 News
Apr 162018
 

COLOMBO, April 16 (Xinhua) — A 21-member delegation from the Pakistani National Defense University (NDU) is on a study tour in Sri Lanka till April 19, a statement from the Pakistani High Commission in Sri Lanka here said on Monday. The statement said…

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Bruce McArthur faces 8th murder charge; alleged victim from Sri Lanka

 News
Apr 162018
 

Sgt. Hank Idsinga said the self-employed landscaper was charged in the death of 37-year-old Kirushna Kumar Kanagaratnam, who moved to Canada from Sri Lanka in 2010 and was never reported missing. Kanagaratnam’s remains were recovered from planters at a central Toronto home, Idsinga said.

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Cinnamon Hotels & Resorts in Sri Lanka organized a FAM trip for Indian wedding planners

 News
Apr 162018
 

Cinnamon Hotels & Resorts showcased destination weddings through their 10 properties in Sri Lanka to the Indian market. The hotel hosted a group of wedding planners from India that constituted of representatives from weddings and events companies l…

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Sri Lanka stocks gain 0.19-pct, bond yields rise and rupee weakens

 News
Apr 162018
 

ECONOMYNEXT – Sri Lanka stocks gained 0.19 percent Monday on thin trading volumes after the long New Year weekend, while gilt yields increased across all tenures and the rupee weakened against the US dollar, brokers and dealers said. The US dollar clos…

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Sri Lanka stocks higher at close of trade; CSE All-Share up 0.19%

 News
Apr 162018
 

Investing.com – Sri Lanka stocks were higher after the close on Monday, as gains in the Power & Energy, Information Technology and Construction & Engineering sectors led shares higher. At the close in Colombo, the CSE All-Share gained 0.19%. Th…

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Sri Lanka economy to rebound, delaying reforms pose risks: World Bank

 News
Apr 162018
 

ECONOMYNEXT – The World Bank says Sri Lanka’s economy will rebound in 2018 with annual growth averaging 4.5 percent in the medium term, driven by private consumption and investment but warned against delaying reforms. “A further slowdown in reform implementation, in a challenging political …

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Sri Lanka arrests ruling party dissident as political crisis deepens

 News
Apr 162018
 

Colombo: Sri Lankan police Monday arrested a leading dissident within President Maithripala Sirisena’s party, deepening political tensions on the island after the head of state suspended parliament. Mahindananda Aluthgamage, a former sports minister, was held over 39 million rupees (Dh918,522 or …

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