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Search resuls for: "Bandula Gunawardena"


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COLOMBO, Sri Lanka (AP) — Sri Lanka's government deployed army troops at railroad stations as railway employees continued with their strike that paralyzed train services across the country for a second day Wednesday, a day after two passengers were killed while attempting to travel on a packed train. Tens of thousands of passengers have been greatly inconvenienced because of the strike. The strike was launched by the Sri Lanka Locomotive Operating Engineers Union, which includes engine drivers. Sri Lanka's train services are substandard, with poorly maintained compartments and tracks because of years of mismanagement and a lack of proper planning. Ravi Herath said armed troops were deployed “to provide security for the public, railway passengers, employees of the railway and also to protect the government property.”
Persons: Bandula Gunawardena, S.R, Senanayake, Ravi Herath, Organizations: Passengers, Sri, Sri Lanka Locomotive Operating Engineers Union, Trade, Military Locations: COLOMBO, Sri Lanka, Sri
COLOMBO, June 13 (Reuters) - Sri Lanka's government has decided to extend a restriction on outward capital transactions by six months due to pressure on its limited foreign exchange reserves, cabinet spokesperson Bandula Gunawardena said on Tuesday. The decision will be revisited after debt talks are finalised in September, added Gunawardena, who is also the transport minister of the island country. Reporting by Uditha Jayasinghe; writing by Sudipto ganguly; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Bandula Gunawardena, Uditha Jayasinghe, Sudipto ganguly, Kim Coghill Organizations: Thomson Locations: COLOMBO
[1/2] Sri Lankan rupees are seen in a bowl at a vegetable vendor's shop amid the rampant food inflation, amid Sri Lanka's economic crisis, in Colombo, Sri Lanka, July 29 , 2022. China has extended its "firm support to Sri Lanka through a debt treatment", EXIM Bank wrote in the letter to the Sri Lankan government on March 6. "Meanwhile, we would like to expedite the negotiation process with your side regarding medium- and long-term debt treatment in this window period, with a view to finalising the specifics of a debt treatment in the coming months. We will make our best efforts to contribute to the debt sustainability of Sri Lanka." The letter mirrors what EXIM Bank sent to Sri Lanka in January, except for the target of finalising debt-treatment specifics in the coming months.
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