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Sri Lanka state banks are to undergo comprehensive reforms in the areas of administration, risk management and supervision due to challenges faced during past economic crises.

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A Parliamentary Committee has revealed that CCTV camera equipment that had been purchased at a cost of Rs. 2.1 million to be fixed at the internal premises of the Immigration and Emigration head office had been stored for six years without being fixed.

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Given the current favourable macroeconomic headwinds and economic resurgence, Sri Lanka is optimistic about finalising debt-restructuring talks in London with international creditors and entering into an agreement on the US$12 billion debt re-work proposal, a senior Finance Ministry official said.

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Sri Lanka’s budget for the first time in history is set for a complete overhaul, covering the entire government sector to ensure full transparency of fiscal planning and other policy interventions, Finance Ministry sources said.

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Sri Lanka's tourism industry has experienced a robust upswing, achieving a significant milestone by surpassing US $1 billion in earnings during the first quarter of 2024, Tourism Minister Harin Fernando disclosed.

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United Republican Front (URF) leader Patali Champika Ranawaka said Sri Lanka defaulted on a payment of USD 6 billion starting from April 2022 when the country announced bankruptcy.

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Aeroflot Russian Airlines and Rossiya Airlines are set to continue their summer operations to Sri Lanka, reflecting their confidence in the country as a preferred travel destination.

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The US Ambassador to Sri Lanka Julie Chung yesterday commended that Sri Lanka has made great progress on the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) program.

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An investigation has been launched into the incident where the official website of the Sri Lanka Education Ministry was hacked by an unidentified hacker.

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Claiming that both Sinhala and Tamil people have a right to interact with the State in their own languages, NPP leader Anura Kumara Dissanayake said that the proportion of the Tamil youth in public institutions, tri-forces and important sectors should be increased.

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