Economics

11,000 Acres from Kantale Sugar Company Allocated for Crop Cultivation

President Anura Kumara Dissanayake has instructed officials to allocate 11,000 acres of land owned by the Kantale Sugar Company to farmers for short-term crop cultivation. Each farmer will be provided with plots not exceeding five acres, ensuring an equitable distribution of land. During a meeting at the Presidential Secretariat with officials from the Agriculture, Lands,

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Economics

IMF Team to Visit Sri Lanka This Week for Key Discussions with President Dissanayake

A delegation from the International Monetary Fund (IMF) is set to visit Sri Lanka this week to meet with President Anura Kumara Dissanayake, a senior official announced. The team’s visit is described as a courtesy call, according to Anil Jayantha, head of the Economic Council of the President’s National People’s Power (NPP) party. In his

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Stock Market

Colombo Stock Market Surges to 14-Month High with Record Single-Day Gain

The Colombo stock market reached new heights yesterday as investor confidence soared under the newly elected President Anura Kumara Dissanayake. The benchmark All Share Price Index (ASPI) skyrocketed by 326 points, marking its highest single-day gain in 14 months, a 2.87% increase to a two-month high. Over the past seven sessions, the ASPI has gained

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Politics

Business Leader Hanif Yusuf Appointed Governor of Western Province

Prominent business leader and co-founder of Expolanka Holdings PLC, Hanif Yusuf, has been appointed as the Governor of the Western Province by Sri Lankan President Anura Kumara Dissanayake. Yusuf was sworn in alongside several other new provincial governors at a ceremony held yesterday. The new appointees include: Hanif Yusuf’s appointment brings a wealth of leadership

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