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Dr. Nandalal among Global Finance Magazine’s top 21 Central Bank Governors

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Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe, has been named amongst the 21 Bank Governors listed in the Global Finance Magazine’s Central Banker Report Cards for the year 2023.

Accordingly, Dr. Weerasinghe was amongst the 10 governors who earned an ‘A-’ grade.

On 23 August, the Global Finance Magazine released the names of the Central Bank Governors who earned either A+, A or A- grades as part of the Central Bank Reporter Cards 2023.

Accordingly, India’s Shri Shaktikanta Das, and Thomas. J. Jordan from Switzerland along with Nguyen Thi Hong from Vietnam topped the list, being the only three governors to earn an A+ grade, while Bank Governors from Brazil, Israel, Mauritius, New Zealand, Paraguay, Peru, Taiwan and Uruguay were ranked with an A grade.

Meanwhile, Dr. Weerasinghe was accompanied by the Bank Governors of Colombia, the Dominican Republic, Iceland, Indonesia, Mexico, Morocco, Norway, South Africa and South Korea in the list of those governors who earned an A- grade.

The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of 101 key countries, territories and districts, including the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States and the Central Bank of West African States.

Grades are based on a scale from A to F for success in inflation control, economic growth goals, currency stability and interest rate management. (An “A” represents an excellent performance down through an “F” for outright failure.)

“Fighting inflation, which has been fueled by pent-up demand and disrupted supply chains, has everyone turning to their central bankers for help,” said Global Finance founder and editorial director Joseph Giarraputo. “Global Finance’s annual Central Banker Report Cards celebrate those bank governors whose strategies outperformed their peers through originality, creativity and tenacity.”

Source – Global Finance Magazine

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Youth dies after being attacked with a helmet

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A young man has died after being assaulted with a helmet during an altercation in Halwathura, Bulathsinhala.

Police said the incident occurred following an argument between the victim and another individual.

The victim was initially admitted to Horana Hospital, later transferred to Colombo National Hospital, and then returned to Horana Hospital, where he succumbed to his injuries.

The deceased is a 30-year-old resident of Halwathura, Bulathsinhala, police said.

A 23-year-old suspect has been arrested in connection with the incident, and investigations are underway by the Bulathsinhala Police.

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CPC assures no fuel shortage in SL

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The Ceylon Petroleum Corporation (CPC) has assured that there will be no fuel shortage in the country under any circumstances.

 According to the CPC Chairman – D.J. Rajakaruna, the CPC has already placed and confirmed orders for the fuel required for the next 02 months and there is absolutely no reason to anticipate a fuel shortage in the country.

He said however there are concerns about where the fuel shipments will originate from and whether there is an impact due to the war.

Rajakaruna also warned that legal action would be taken against those found hoarding fuel illegally.

According to CPC data, the majority of Octane 92 petrol is sourced from Malaysia, Singapore, or India, and not from conflict zones in the Middle East, with only one shipment expected from Oman, CPC Chairman said.

He further noted that even in the event of the Strait of Hormuz being closed, the CPC has alternative supply routes in place. Diesel stocks are also sourced from non-conflict zones, he added.

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Bodies of 02 youths shot, found in Middeniya

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The bodies of 02 youth who were shot and killed with a pistol-type firearm have been discovered in Thorakolayaya, Middeniya.

According to police, the deceased were between 25 and 30 years old.

The shooting occurred this morning (June 25), and currently police have launched an investigation, with 03 special teams now collaborating with the Middeniya Police.

The motive behind the shooting and the identities of the perpetrators are yet to be determined.

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