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SL could wrap up debt restructure talks by September – RW

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Sri Lankan President – Ranil Wickremesinghe has said that the island nation should be able to conclude newly-launched debt restructuring talks by September, or November at the latest.

During a meeting with Japanese Prime Minister Fumio Kishida in Tokyo today (25), Mr. Wickremesinghe has said that the negotiations had made “remarkable” progress.

“We have made remarkable headway as far as the debt restructuring talks are concerned,” Wickremesinghe has said, adding, “(We) should be able to conclude by September, or November the latest.”

(Source : Reuters)

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Heat index advisory for several areas

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Heat index, the temperature felt on the human body is expected to increase up to ‘Caution level’ at some places in Northern, North-central, North-western, Western and Southern provinces and Rathnapura district.

The report released by the Department of Meteorology is as follows : 

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Concealed foreign liquor found during police raid at spare parts company

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Officers of the Walana Anti-Corruption Unit have discovered a stash of foreign liquor stashed at a well known spare parts company located in Delkanda, Nugegoda.

Upon receiving a tipoff, police discovered a large quantity of foreign liquor concealed at the company premises named ‘Lakpahana Auto’.

A 59-year-old man who works as the manager of the premises, has been arrested.

It is said that the street value of the liquor is nearly Rs. 10 million.

Police investigations further revealed that the businessman owning the spare parts company also owns two night clubs in Kottawa and Kollupitiya and the stashed liquor had been delivered to these two nightclubs.

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Bread flour prices slashed

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Leading flour manufacturers in Sri Lanka – Serendib Flour Mills and Prima, have decided to reduce bread flour prices by Rs. 10 per kilogram effective from tomorrow (Feb.18).
“During 2024, we implemented an initial reduction of Rs. 10 per kilogram in bread flour prices. While the earlier reduction did not translate to lower bread prices, both institutions have now stepped forward with an additional Rs. 10 per kilogram reduction, bringing the total reduction to Rs. 20 per kilogram,” said Mr. Kalinga Wijesekera, Director Brand and Corporate Communications, Serendib Flour Mills.

“We have informed the Minister of Trade of the latest reduction, and sincerely believe the Bakery Association will pass on the benefit of this price reduction to end consumers through reduced prices of bread and other bakery items,” he added.

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