Ruhuna University closed following clash

Bangladesh says Sri Lanka paid back another $100m

Sri Lanka has repaid another US$100 million of the $200 million loan it took from Bangladesh in a currency swap agreement two years ago. “Sri Lanka has paid back $100 million to us on Thursday (31 August). Now they are expected to return the remaining $50 million in due course,” said Bangladesh Bank (BB) Spokesperson and Executive Director Majbaul Haque. With the latest installment, the Island nation paid back a total of $150 million. Sri Lanka repaid $50 million as the first installment on Au

01 Sep, 2023

Government briefs diplomats on draft Anti-Terrorism Bill

The Sri Lankan Government briefed diplomats on moves to amend the draft Anti-Terrorism Bill. A Diplomatic briefing was convened at the Ministry of Foreign Affairs for the Colombo-based diplomatic corps on current developments related to the draft Anti-Terrorism Bill. Minister of Justice, Prison Affairs and Constitutional Reforms Dr. Wijeyadasa Rajapaksa and Minister of Foreign Affairs Ali Sabry addressed the briefing. State Minister of Justice Anuradha Jayarathna, Foreign Secretary Aruni Wije

01 Sep, 2023

China’s Sinopec to begin islandwide fuel distribution in Sri Lanka

China’s Sinopec is to begin islandwide fuel distribution in Sri Lanka and compete against India’s IOC and state owned Ceypetco. Apart from Ceylon Petroleum Corporation (Ceypetco), the Indian owned Lanka India Oil (LIOC) is already operating a number of fuel sheds around the island. Sinopec, which commenced fuel distribution in Colombo recently, became the third player in the fuel market in Sri Lanka. Power and Energy Minister Kanchana Wijesekera said that he met officials of Sinopec Fuel & Re

03 Sep, 2023