The Development Lotteries Board (DLB) has achieved it’s highest-ever profit in its 40- year history.
The DLB recorded a profit margin of 32% for the fiscal year 2022-2023, double the previous year's figure.
As a result, , contributions to both the President's Fund and the government saw notable Increases.
A 13% rise was recorded to the President’s Funda and a 6 per cent increase for the government.
latter. Mr. Ajith Gunaratne Narangala, Chairman and CEO of the Development Lotteries Board, attributed this success to strategic measures aimed at mitigating the country's economic challenges, with special guidance from President Ranil Wickremesinghe, who also serves as the Minister of Finance.
The chairman mentioned that measures have been implemented to boost the prize money for both regular and newly introduced special lottery tickets of the Development Lotteries Board.
Additionally, the board has initiated the introduction of lottery tickets via digital technology, aiming to provide consumers in the country with a novel experience. Notably, a percentage of
the proceeds are earmarked for education and healthcare initiatives within the country.
The Department of National Zoological Gardens is readying enclosures to quarantine two large tortoises that were found stranded 15 kilometers westwards off Pitipana Negombo, today.
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
The Customs Department said it will be publish the names of institutions and individuals who violate customs laws and commit tax fraud by uploading the information on its official website www.customs.gov.lk.
A board of inquiry has been appointed to investigate the death of a student at the University of Sabaragamuwa, reportedly linked to a ragging incident.
Leave Comments