Items filtered by date: September 2018
Eliminating dead-but-toxic cells occurring naturally in the brains of mice designed to mimic Alzheimer's slowed neuron damage and memory loss associated with the disease, according to a study published Wednesday that could open a new front in the fight against dementia.
The Government has declared September 21 to 28 as the Information Week to make the public aware about their right to information and motivating them to use it for their benefit.
The Opposition in Parliament yesterday charged that the personal staff of Cabinet Ministers were misusing Government vehicles.
Former President Chandrika Bandaranaike Kumaratunga became the first Sri Lankan to be awarded the Prestigious Medal of Commander in the National Order of the Legion of Honour, the highest rank of the National Order of France.
Controversies surrounding the Inspector General of Police Pujith Jayasundara reached a turning point yesterday with the Ministry of Law and Order being ordered to conduct a ministerial probe on the conduct of the country’s top policeman and submit a report in two weeks to Minister Ranjith Maddumabandara.
The ICC Cricket World Cup Trophy Tour, which arrived in Sri Lanka yesterday was exhibited during a special ceremony at the Independence square. Here Sri Lanka’s World Cup winning captain Arjuna Ranatunga and the Minister of Sports Faiszer Musthapha with the trophy (left). School Children gets a glimpse of the trophy
Central Bank Governor at FT-CICRA Cyber Security Summit reassures on currency
Says three exogenous factors largely forcing pressure on the rupee
Current account deficit countries like SL more vulnerable to external shocks
Says overly defending the rupee sans reserves in the past caused doublewhammy
Former CB regimes in 2011/12 spent $ 4.2 b to defend rupee yet currency depreciated by 13.5% and in 2015 spent
$ 2.1 b but failed to prevent 9% depreciation
Whilst pursuing flexible exchange rate policy will intervene aggressively if necessary
Insists stabilisation measures in progress; import tax on gold and introduction of 100% LC margin on vehicles import among measures
Says toolkit available for CB includes interest rate hike but Monetary Board reluctant as of now as growth of the economy is subdued though there was an uptick in 2Q
Stresses most effective solution to boost rupee and reserves is via more exports and FDIs
By FT News Desk
The Government said that it has thus far been successful in curbing excess import growth and controlling the depreciation of the Sri Lankan rupee, which had started to hit record lows during the last few days.