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CSE extends trading hours from 15th Sept

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CBSL maintains policy interest rates - newsfirst.lk - Sri Lanka
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CBSL maintains policy interest rates
COLOMBO (News 1st) – The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 October 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 percent and 15.50 percent, respectively. In arriving at this decision, the Board considered the latest macroeconomic conditions, expected developments, and macroeconomic projections. The Board noted the tight monetary conditions prevailing at present, the decelerating pace of inflation, and the envisaged disinflation path in the near term supported by both domestic and global factors. The Board was of the view that the monetary conditions remain sufficiently tight to achieve the envisaged disinflation path in the period ahead. The contractionary fiscal policies would complement the effects of tight monetary policy measures already in place, helping to mitigate any build-up of aggregate demand pressures, thereby anchoring inflation expectations and bringing down headline inflation to the targeted level of 4-6 percent over the medium term.-Domestic economic activity is expected to remain subdued during 2022, before recovering in 2023 As per the GDP estimates published by the Department of Census and Statistics (DCS), the real economy is estimated to have contracted by 4.8 percent in the first half of 2022, on a year-on-year basis. The economy is expected to contract in the second half of 2022 as well, impacted by tighter monetary and fiscal conditions, along with the continuation of supply-side constraints and uncertainty surrounding the business environment amidst shortages of foreign exchange in the domestic foreign exchange market, among
Heavy rains expected today (6) - newsfirst.lk - province North-Western
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Heavy rains expected today (6)
COLOMBO (News 1st) – The Department of Meteorology says several spells of showers will occur in Western, Sabaragamuwa, and North-Western provinces and Kandy, Nuwara-Eliya, Galle, and Matara districts.Showers or thundershowers will occur at several places in Uva, Eastern, and Northern provinces during the evening or night.The general public is kindly requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.Condition of Rain:Showers will occur at several places in the sea area off the coast extending from Puttalam to Matara via Colombo.Winds:Winds will be south-westerly and wind speed will be (20-30) kmph.Wind speed may increase up to 50 kmph at times in the sea areas off the coast extending from Puttalam to Galle via Colombo. Wind speed may increase up to (50-60) kmph from Galle to Pottuvil via Hambantota.State of Sea:The sea areas off the coast extending from Puttalam to Hambantota via Colombo and Galle will be rough at times. The sea areas off the coast extending from Hambantota to Pottuvil will be rough and very rough at times.There is a possibility to increase swell waves by about (2.0 m – 2.5 m) in the sea areas off the coast extending from Puttalam to Pottuvil via Colombo, Galle, and Hambantota.Therefore, it is advised to be vigilant in fishing and naval activities in the sea areas off the coast extending from Hambanthota to Pottuvil.
National Council to be debated on 20th Sept. - newsfirst.lk - Sri Lanka
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National Council to be debated on 20th Sept.
COLOMBO (News 1st) – The resolution to constitute the Parliament Committee called the "National Council" has now been added to the Addendum to the Order Book for September 20th.Thus, the National Council will consist of the Speaker as the Chair, the Prime Minister, the Leader of the House of Parliament, the Leader of the Opposition in Parliament, the Chief Government Whip, and not more than thirty-five Members of Parliament representing the Ninth Parliament from recognized Political Parties in Sri Lanka as determined by the Leaders of the Political Parties.Accordingly, the National Council shall have the jurisdiction and general responsibilities in order to;• Determine the general priorities of Parliament to guide the formulation of short, medium, and long-term national policies;• Agree on short and medium-term common minimum programs in respect of the stabilization of the economy; • Arrange special meetings with the Ministers of the Cabinet of Ministers, the National Council, the Chairpersons of the Special Committees, and Youth observers of Youth Organizations.The National Council shall have powers to request reports from Sectoral Oversight Committees, The Committee on Public Finance, The Committee on Public Accounts, The Committee on Public Enterprises, The Committee on Banking and Financial Services, The Committee on Ways and Means, The Committee on Economic Stabilization; and Any Committee controlling Public Finance.The Addendum to the Order Book on the above can be obtain via the below link.
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