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Sri Lanka president takes charge of economy as coalition rift widens
Sri Lanka president takes charge of economy as coalition rift widens

Sri Lanka's president announced Saturday that he would take control of the island's economy from the prime minister, as relations worsen between the ruling party and its main coalition partner. Maithripala Sirisena said he would directly manage the economy through a special economic council headed by him, taking over the responsibility from Prime Minister Ranil…

AFP - Jan 21 23:53 GMT - more ... [ Tags: Politics, Economy ]

Former Sri Lanka bank chief engaged in insider trading: probe
Former Sri Lanka bank chief engaged in insider trading: probe

A former governor of Sri Lanka's central bank has been accused of insider trading by a damning presidential report into a high-profile bond scandal that cost the island millions. The long-awaited inquiry recommended the state recover a $4.4 million loss caused by the actions of then bank chief Arjuna Mahendran in 2015. He leaked sensitive information to his…

AFP - Jan 18 22:09 GMT - more ... [ Tags: Politics, Economy ]

Gary Anandasangaree
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