The Sapugaskanda refinery has been closed due to a shortage in Forex for Crude Oil cargos. However there will be no shortage in refined products as CPC has adequate stocks of all products & CBSL has made available the weekly Forex requirements for refined products, Power and Energy Minister Kanchana Wijesekera said today.
The Madras High Court denied default bail to a few Sri Lankans who were part of an LTTE operation to steal Rs 40 crore from the bank account of a dead woman in Mumbai by fabricating documents. A division bench of justices PN Prakash and RMT Teekaa Raman recently dismissed the appeals filed by two […]
Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic and debt restructuring and the implementation of a deep reform program are critical for Sri Lanka’s economic stabilization, says the World Bank in its twice-a-year update, underscoring the need for Sri Lanka to build resilience.The post Debt res...
Sri Lanka’s president said Thursday his government has started debt restructuring discussions with China, an important step toward finalizing an International Monetary Fund rescue of the island nation from a severe economic crisis.The post Sri Lanka begins crucial debt restructuring talks with China appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.