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New formula for water tariffs

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Measures will be taken to introduce a new tariff formula as well as a new policy with regard to water tariffs, the secretary of the Ministry of Water Supply and Estate Infrastructure Development – Mr. R.M.W.S. Samaradivakara says.

He has said this in a statement issued over the new water tariffs introduced yesterday.

He has further stated that steps will be taken to review the water tariffs in the next revision while maintaining the financial viability of the National Water Supply and Drainage Board (NWSDB).

He also mentions that the recent water tariff revision was due to several factors that had put a lot of pressure on the finances of the NWSDB.

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School girl falls to death from Lotus Tower

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A female student from a leading international school had fallen to her death from the observation deck of the Lotus Tower today (Oct. 07), police said.

A police investigation is underway.

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Scholarship exam leak : NIE Director & school teacher further remanded

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The Director of the Planning Division of the National Institute of Education (NIE) in Maharagama and the school teacher, who were arrested by the Criminal Investigations Department (CID) over the leaking of questions on the Grade 5 scholarship examination, have been ordered to be remanded until October 22.

This order was issued after the suspects were produced before the Kaduwela Magistrate’s Court.

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ADB delegation pledges further support for SL economic development

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The Country Director of the Asian Development Bank (ADB) Resident Mission in Sri Lanka, Takafumi Kadono, along with a delegation, met with President Anura Kumara Dissanayake today (Oct. 07) at the Presidential Secretariat. 

The discussions focused on ADB’s ongoing commitment to support Sri Lanka’s economic and social development.

During the meeting, the ADB reaffirmed its dedication to continuing its projects in Sri Lanka, with particular emphasis on bolstering key sectors crucial to the nation’s recovery. Tourism was identified as a critical sector that holds immense potential for Sri Lanka’s economic growth. 

In this regard, the ADB assured further assistance in developing tourism infrastructure to harness the sector’s full potential.

President Dissanayake highlighted the importance of promoting tourism in the Northern Region, requesting ADB’s specific support to develop this area. 

The ADB delegation expressed its willingness to collaborate and provide resources for this initiative.
Beyond tourism, the ADB also expressed keen interest in aiding the development of Sri Lanka’s energy sector, small-scale entrepreneurs, and financial sector, emphasizing their role in fostering sustainable economic growth.

This continued collaboration between Sri Lanka and the ADB is expected to contribute significantly to the country’s long-term development and recovery efforts.

Mr. Takafumi Kadono, Country Director ADB, Ms. Cholpon Mambetova, Country Operations Head ADB, Ms. Hasitha Wickremasinghe, Senior Economics Officer, Mr. K.M. Mahinda Siriwardana, Secretary to the Treasury and Ministry of Finance, Economic Stabilization and National Policies, Mr. D.A.P. Abesekara, Director General Finance Ministry and Ms. Udeni Udugahapattuwa, Director Finance Ministry, were present at this event.

(President’s Media Division)

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