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Sri Lanka square ODI series with Afghanistan 1-1

Colombo (News 1st) – Sri Lanka roared back to square the ODI series with Afghanistan in Pallekelle on Wednesday (30th) by chasing down an imposing target of 313. The hosts won by 4 wickets with 2 balls to spare after a record breaking knock of 162 by Afghan opener Ibrahim Zadran.Sri Lanka started the run chase briskly with Kusal Mendis (67) and Pathum Nissanka (35) putting on a 101-run opening stand.

Following their departure Charith Asalanka (83 not out off 72 balls with 4 sixes and 5 fours), Dasun Chanaka (43 with 5 fours) and Dunith Wellalage (31 off just 21 balls with 1 six and 4 fours) took Sri Lanka home. Rashid Khan captured 4 for 37.Earlier 20-year-old Ibrahim Zadran achieved the highest score ever by an Afghan and anchored the inning with 162 off just 138 balls with four sixes and 15 boundaries.

He batted through the inning and was out off the very last ball. Ibrahim and Najibullah Zadran (no relation), who scored 77 off 76 balls, put on 154 runs for the 4th wicket.

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Financial Literacy Survey: 42% financially illiterate - - Sri Lanka
Financial Literacy Survey: 42% financially illiterate
COLOMBO (News 1st) – The first ever nationwide survey of financial literacy by the Central Bank has found that 42% of Sri Lankan adults are financially illiterate.‘Financial Literacy Survey Sri Lanka – 2021’, a publication of the Central Bank of Sri Lanka, is now available for public access.The Regional Development Department of the Central Bank of Sri Lanka, with the assistance of the International Finance Corporation (IFC) – under the IFC-DFAT Women in Work program – conducted the first-ever countrywide Financial Literacy Survey in Sri Lanka, as part of the implementation of the National Financial Inclusion Strategy of Sri Lanka. The key objective of the survey was to assess the level of financial literacy across the population to formulate appropriate policy measures.The survey focused on the elements of knowledge, attitudes, and behavior within the concept of financial literacy and this publication consists of the key survey findings.The survey findings reveal that 57.9 percent of adults are financially literate in Sri Lanka. Further, the findings imply that the level of financial literacy varies across different segments of the population, suggesting the need for targeted policy interventions. For instance, despite gender parity in education, the survey notes gender disparity in financial literacy.This publication is a useful collection of information for those who are interested in the field of financial inclusion.Writer: Teena Marian
Ranil Wickremesinghe - Trincomalee District Strategic Development Plan not targeting elections, but a project to benefit future generations – President - - India - Sri Lanka
Trincomalee District Strategic Development Plan not targeting elections, but a project to benefit future generations – President
COLOMBO (News 1st) – President Ranil Wickremesinghe said that the Trincomalee District Strategic Development Plan is not targeting elections, but a project that has been initiated to benefit future generations.The President said that Sri Lanka values India’s assistance in implementing the Trincomalee district development project, as our closest neighbour.He made this statement by joining the special discussion on the Trincomalee District Development Plan, held today (14) at the grounds of Trincomalee Orr’s Hill.He recollected the objections raised when the Trincomalee oil tanks were to be handed over to India, adding that the country would not have faced a fuel crisis if the decision to provide the oil tanks had received the green light to be fully implemented.Prior to the commencement of the discussion, President Wickremesinghe inspected several places proposed to be developed under the Trincomalee District Development Plan.The President was able to view the locations proposed under the Trincomalee District Development Plan from the Orr’s Hill vantage point.Further, following the discussion, the President also inspected the proposed project to develop the beach and recreation facilities near the Trincomalee Gandhi Roundabout, as a tourist attraction.Meanwhile, the President who also met a group of Trincomalee District regional journalists and had a cordial discussion.President Ranil Wickremesinghe, further commenting in the discussion regarding the Trincomalee District Development Plan said,“We are not initiating this project targeting the next election, but for the benefit of the next generation. In 2023 we celebrate the 75th Anniversary of Independence.
CBSL maintains policy interest rates - - Sri Lanka
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
Army Troops in Mali awarded Special Service Medal for defusing IEDs - - Sri Lanka - Mali
Army Troops in Mali awarded Special Service Medal for defusing IEDs
COLOMBO (News 1st) – Alertness, coupled with battle-hardened experience and professionalism of Sri Lanka Combat Convoy Company (CCC) troops, practiced in Mali under life-threatening circumstances resulted in the award of a special service medal to Major R.A.D.M.D Senevirathna of 12 Sri Lanka Engineers (SLE) in the CCC during an appreciative meeting.During a recent logistics convoy from Gao to Kidal in Mali, the Sri Lanka Search and Detection team of the CCC uncovered two Improvised Explosive Devices (IEDs) and effectively defused both of them before they caused a bloodbath. Mali-based CCC under the UN Multidimensional Integrated Stabilization Mission in Mali (MINUSMA) has been engaged in convoy protection duties in Mali since the year 2017.Lieutenant General Cornelis Johannes Matthijssen, the Force Commander, MINUSMA upon arrival at the CCC camp, highly appreciated the professional competence of the troops of the 4th Combat Convoy Company of Sri Lanka Army and awarded a Service Appreciation Medal to the senior officer, Major R.A.D.M.D Senevirathna of 12 Sri Lanka Engineers (SLE) who discovered both landmines, buried near the roadside.The MINUSMA Force Commander spoke highly of the CCC’s professional management of the defusion, alertness, attention, and diligence after their exclusive detection by the said Officer and the CCC troops, responsible for search and detection operations.In the past 2-3 months, tribal terrorist groups in Mali have intensified their fierce internecine violent acts targeting their rivals as well as UN troops serving the landlocked country. Similarly, their brutal terrorist attacks have posed a formidable threat to all UN troops, deployed for UN peacekeeping assignments.