ONLINE EXCLUSIVES
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6 MONTHS OF WAR IN UKRAINE: THESE NUMBERS TELL THE STORY OF RUSSIA’S INVASION
When Russia launched a dawn assault on Ukraine on February 24 — attacking the nation from the north, south and east and surging troops towards the capital
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LANKA AIMS TO LOWER FISCAL DEFICIT TO 6.8% IN BUDGET 2023: SENIOR MINISTER
Sri Lanka's 2023 budget would aim to reduce the fiscal deficit to 6.8 per cent in 2023 from the projected 9.9 per cent in 2022, a senior Cabinet Minister said
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AMID SOFT-PEG CRISIS, SRI LANKA SUSPENDS IMPORTS OF OVER 300 ITEMS FROM WED
Amidst soft-peg crisis, Sri Lanka has temporarily suspended the import of over 300 'non-essential' items with effect from Wednesday
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EURO FALLS BELOW PARITY WITH THE DOLLAR. WHAT’S THE IMPACT?
The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the U.S. currency
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WORLD BANK’S NEW WARNING ON SRI LANKA AMID FOOD PRICE INFLATION
According to the latest World Bank assessment, Sri Lanka ranks fifth among the 10 countries with the highest food price inflation in the world. UPC News - August 23, 2022 In…
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EUROPE BRACES FOR MORE CUTS IN RUSSIAN OIL AND GAS EXPORTS
Reuters - August 22, 2022 CPC says two of three mooring points (SPM) suspended One SPM can handle less than 70% of terminal capacity - sources Nord Stream 1 gas pipeline…
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$1 TRILLION EXPORTS: THESE 6 SECTORS TO HELP INDIA BECOME EXPORT POWERHOUSE BY FY28
The Financial Express - August 20, 2022 India’s export growth has been propelled by six megatrends that got fast-tracked during the pandemic (2020, 2021), driving overall export attractiveness for multiple sectors…
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IMF EYES CREDITOR AS-SURANCES AS IT PREPARES SRI LANKA VISIT
Reuters - August 20, 2022 The International Monetary Fund said it will need "adequate assurances" from Sri Lanka's creditors for a new program as it prepares a visit to Colombo…
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AS ECB MULLS ANOTHER BIG HIKE, SCHNABEL SAYS INFLATION OUTLOOK HASN’T IMPROVED
Reuters - August 18, 2022 The euro zone inflation outlook has failed to improve since a July rate hike, European Central Bank board member Isabel Schnabel said, suggesting she favours another…
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S&P pushes Sri Lankan bonds deeper into junk territory with ‘default’ rating
Reuters - August 15, 2022 Global ratings agency S&P Global on Monday slashed its rating on Sri Lankan bonds to 'D', representing default, following missed interest and principal payments. The South…
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