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Krrish project  : Prasanna calls for speedy measures

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Minister of Urban Development and Housing – Mr. Prasanna Ranatunga has instructed ministry officials and the Urban Development Authority to expedite necessary measures to safeguard the public from the possibility of an accident in the area where the halted Colombo Krish building project is located.

This was discussed during a recent meeting of the Ministerial Consultative Committee on Urban Development and Housing.

The minister had emphasized the need to take immediate action in this regard as it would become the responsibility of the ministry and the government if such an accident should occur.

It was pointed out that construction aid equipment at the site could collapse due to the wind and the site also posed as a breeding site for mosquitos. Officials pointed out the risk of dengue fever being spread due to accumulation of water, especially as 03 floors of this building are located underground. They added that several leading tourist hotels in the vicinity have also complained in this regard.

The Minister had further instructed the Ministry Secretary to take necessary legal action immediately in case of failure to resume construction work within a specified time frame after talks with the investor. Officials had pointed out that a discussion is to be held with the relevant investment company regarding the resumption of construction work.

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Sri Lanka Mirror wishes everyone a happy Sinhala and Tamil New Year!

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The 2024 Sinhala and Tamil New Year dawned at 09.05 pm last night (April 13).

‘Sri Lanka Mirror’ extends heartfelt New Year greetings to all our readers. May this upcoming year be filled with boundless happiness, prosperity, and success for each and everyone of you.

–  Sri Lanka Mirror team

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Derailed train causes delays on coastal line

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A train has derailed at the Kalutara South railway station on Saturday morning (13).

Trains operating on the Coastal Line are thus experiencing delays, Sri Lanka Railways said.

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Kristalina Georgieva to head IMF for a 2nd term

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The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024.

The appointment comes ahead of the start of the fund’s spring meetings in Washington next week.

Georgieva, who has been in the role since the autumn of 2019, was the sole candidate for the position. However, it was only after European leaders signalled that they would endorse her last month that her candidacy was assured.

In a statement, the coordinators of the Executive Board, Mr. Afonso S. Bevilaqua and Mr. Abdullah F. BinZarah has said, “Looking ahead, the Board welcomes Ms. Georgieva’s ongoing emphasis on issues of macroeconomic and financial stability, while also ensuring that the Fund continues to adapt and evolve to meet the needs of its entire membership. It recognizes her focus on strengthening the Fund’s support to its members through effective policy advice, capacity development and financing. The Board looks forward to continuing to work closely with the Managing Director.”

“I am deeply grateful for the trust and support of the Fund’s Executive Board, representing our 190 members, and honored to continue to lead the IMF as Managing Director for a second five-year term,” Ms. Georgieva has said.

The Bulgarian national has served as Managing Director since October 1, 2019. The Managing Director is the chief of the IMF’s operating staff and Chair of the Executive Board. The Managing Director is assisted by four Deputy Managing Directors in overseeing the Fund’s operations, which serve its membership through about 3,100 staff.

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