Catalyst for rapid growth

The decision to lower the rates of lending interests of public sector banks was made consequent to the inflation rate coming down from 28 percent in June 2008 to one percent now due to the strategies of the Central Bank and the Treasury, Minister Ranjith Siyambalapitiya told a press conference yesterday.

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President tells Sri Lankans in Nepal:

Return to country to foster nation building

President Mahinda Rajapaksa on Thursday requested all Sri Lankans abroad to return to the motherland and contribute towards the nation building effort. The President made this appeal when he addressed the Sri Lankan community in Kathmandu, Nepal.

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President opens Sri Lanka Maha Vihara in Lumbini

President Mahinda Rajapaksa ceremonially opened the Sri Lanka Maha Vihara, a monastery constructed by the Sri Lankan Government in Lumbini, Nepal, the birth place of the Buddha as the Prince Siddhartha Gautama yesterday morning.

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President meets Nepal’s leader

President Mahinda Rajapaksa met Nepal President Dr. Ram Baran Yadav and held bilateral talks yesterday for nearly one hour in a cordial atmosphere at the Sheethal Nivas Rashtrapathi Bhavan, Kathmandu

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Visa overstayers face tough action

In a major crackdown, sleuths of the Immigration and Emigration Department arrested over 100 foreigners within the last 45 days, who have violated Sri Lankan visa regulations.

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‘Sri Lanka can face the GSP+ risk’

With proper focus and preparation Sri Lanka can face the GSP+ risk and the Government has already taken necessary steps to manage this risk, Central Bank Governor Ajith Nivard Cabraal said at a media briefing on “ GSP+ Scheme and Sri Lanka from a risk management perspective” at the Central Bank yesterday.

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