Revenue decline puts pressure on govt’s fiscal management-by Sanath Nanayakkare Moves underway to strengthen gross official reserves Seeking support from IMF ruled out Source:Island As government revenues have fallen below expected levels, fiscal management of the government is under pressure, Ajith Nivard Cabraal, State Minister of Finance, Capital Markets and State Enterprise Reforms said in Colombo yesterday. He made this remark while speaking at a media briefing held at the Ministry of Finance. “Although a sovereign bond of USD one billion needs to be settled this month, the actual outflow would be USD 700 million as Sri Lankan citizens own a share of USD 300 million of it. The current reserves are at USD 4 billion. After making this payment, the reserves will technically remain at USD 3 billion. Agreements have been arrived at with People’s Bank of China for a SWAP loan of USD 1.5 billion. In addition, the ...

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WA approves Nimali for Tokyo Games-by Dhammika Ratnaweera   s Source:Dailynews The world governing body for athletics World Athletics (WA) yesterday, confirmed that Sri Lanka’s Women’s 800m runner Nimali Liyanarachchi has qualified for the Tokyo Olympic Games. “Liyanarachchi has qualified as a Universality place for the Women’s 800m event and it has been approved by World Athletics,” Vice-President, Sri Lanka Athletics (SLA) G. L. S. Perera told the Daily News yesterday. However, Nilani Rathnayake could not make it to the Olympics as WA allows Universality places only for sprint and middle distance events and the 3,000m steeplechase event does not feature in that list.     ...

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Foreign coaches have failed to deliver the goods–by Althaf Nawaz Source:Dailynews A serious question has arisen among the Sri Lankan cricket loving public and the sport’s stakeholders on whether it is of any worth employing foreign coaches for our cricketers. They question the contribution to our cricket so far by coaches such as Mickey Arthur and Grant Flower, who have been paid exorbitant salaries and provided with all the luxuries, during their tenure, as Sri Lanka’s cricket seems to have gone from bad to worse. not all. The contribution by the so called high performance unit of Sri Lanka Cricket is also being questioned. There several personnel inclusive of former cricketers are recruited to handle this segment which plays a pivotal role. But the present performance of the team has raised doubts whether they are really in to their stipulated task. Since last year’s South African tour the Lankan National ...

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A giant 3D cat has taken over one of Tokyo’s biggest billboards-by Megan C. Hills   Source:Edition Agigantic 3D cat has appeared on a billboard in Tokyo, where it looms playfully over one of the city’s busiest railway stations. Shown between advertisements, the hyper-realistic feline comes to life on a 1,664-square-foot curved LED screen in the Shinjuku district. The 4K-resolution display shows the cat walking around high above the Japanese capital as it audibly meows Airing between 7 a.m. and 1 a.m., the video changes throughout the day. The calico cat is first startled awake in the morning, and by the afternoon it can be seen standing up and meowing at passersby. In the evening, it lies down and falls asleep with its head rested on its paws. Although the display doesn’t officially launch until July 12, test broadcasts have been taking place since last month. And the “Shinjuku cat” has ...

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