Colombo shares was down on traders cashing in on their gains during the past three days, while 2015 interim budget by Finance Minister Ravi Karunanayake on Thursday, despite the market rising at the start driven by positive expectations.
This budget promised to restore GSP Plus facility, while Private sector was urged to increase wages by Rs.2,500 per month from February. Mr. Karunanayake said that Rs. 2.5 billion will be saved by reducing the number of ministers. “We need to find revenue for the budget but in a way that will not burden the people.”
The Benchmark All Share Index lost 0.3 per cent to close at 7,380.86 per cent with S&P SL index losing 0.13 per cent to end at 4,138.15 according to provisional data. Analyst said that traders were making quick profits while the turnover soared to Rs 1.2 billion.
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The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Gazette on new speed limit regulations to be issued within two weeks
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