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Kotahena Shooting: Target was Kimbula Ele Guna’s relative - newsfirst.lk - India - Sri Lanka - county Lane
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Kotahena Shooting: Target was Kimbula Ele Guna’s relative
COLOMBO (News 1st) – Sri Lanka Police said the target of Wednesday (18) afternoon shooting down 6th Lane in Kotahena was a relative of wanter underworld gangster 'Kimbula Ele Guna'.Two armed on a motorcycle fired several shots at a person inside a car that was parked down 6th Lane in Kotahena at around 1:30 on Wednesday (18) afternoon.CCTV cameras captured the incident, and the car fleeing the hail of bullets.A 30-year-old man identified as Raveendran Deepan, a resident of Jinananda Mawatha Kotahena, was injured in the shooting.The man who is also known as Dileepan is a relative of wanted underworld gangster Sinniah Gunasekara commonly known as Kimbula Ele Guna.Sinniah Gunasekara commonly known as Kimbula Ele Guna is currently detained by the Indian National Intelligence Agency in Tamil Nadu.Kimbula Ele Guna's relative who was injured in the shooting in Kotahena was admitted to the Colombo National Hospital for treatment.Thereafter, according to a spokesperson from the National Hospital, Dileepan's relatives had beaten up a man who made inquiries about the injured man.This man too was admitted to the Colombo National Hospital accident ward for treatment.An individual identified as Sajith Ranga aka Mabima Ranga was killed when two men on a motorcycle opened fire at him close to the Kalu Palama in Peliyagoda on Tuesday (17) morningOn the 15th of January, a 36-year-old man was gunned down by motorcycle gunmen in the Kumbuka area located along the Piliyandala – Horana Road.On the 11th of January, a similar homicide was reported from Panamura.On the 31st of May 2022, two men were targetted by motorcycle gunmen in Fort, Colombo and since then over 50 people have been gunned down in Sri Lanka.
Bastian Mw Shooting: Police arrest two more suspects - newsfirst.lk - Sri Lanka
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Bastian Mw Shooting: Police arrest two more suspects
COLOMBO (News 1st) – Sri Lanka Police arrested two men for aiding and abetting in the murder of a man in Bastian Mawatha, Colombo and injuring another.Sri Lanka Police said that it received information about the motorcycle that was used by the gunmen in last year's shooting, and visited Piliyandala to conduct a raid where officers arrested a suspect in possession of the motorcycle.Following the interrogation of the suspect, police officers arrested another suspect from Mattakuliya for handing over the motorcycle to the suspect from Piliyandala.On the 30th of May 2022, One person was killed and another was injured in a shooting near the Private Bus Terminal at Bastian Mawatha, Colombo.Police investigations revealed that the man who was gunned had attended a court hearing at the Hultsdorf Court with three others before he was targeted by two masked gunmen.According to Police, four men had exited the court and one of them had left on a motorcycle. Thereafter, two men on a motorcycle approached the three men at the Bus Terminal and opened fire using a T-56 Assault Rifle.Investigations revealed that the three men were previously employed as security officers attached to a restaurant in Cinnamon Gardens, and a case was filed against them following an incident said to have taken place at the restaurant.Police officers also uncovered that the men were supposed to pay a certain sum to the court over the incident.An eye-witness told News 1st that the shooters fired several rounds in broad daylight when hundreds were moving in and out of the Bastian Mawatha Private Bus Terminal.News 1st inquiries revealed that the three men who were targeted had once served in the Commando Regiment of the Sri Lanka Army, and after leaving service
Teena Marian - Financial Literacy Survey: 42% financially illiterate - newsfirst.lk - Sri Lanka
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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 - newsfirst.lk - India - Sri Lanka
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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 - 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
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