Smart vaccine certificate launched for overseas travellers

Ceylon Petroleum Corporation refinery to be a separate entity

The Ceylon Petroleum Corporation (CPC) refinery is to be made into a separate entity, Energy Minister Kanchana Wijesekera said. He said that under the CPC restructuring plan, the CPC owned refinery will be set up as a separate Government owned and operated entity. The new entity will look to attract and raise necessary investments for improving the fuel quality, efficiency, capacity and lowering the cost. Wijesekera said the CPC’s current approved carder and salary structure will also be revi

26 Jun, 2024

India to continue to support Sri Lanka?s economic recovery

India says it will continue to support Sri Lanka?s economic recovery including by promoting long-term investments in its key economic sectors. Following the approval by the IMF for the Extended Fund Facility (EFF Programme) for Sri Lanka on 20 March 2023, the Official Creditors Committee (OCC) was launched on 13 April 2023 to hold talks among Sri Lanka?s bilateral creditors to finalize a plan for restructuring Sri Lanka?s debt. After several rounds of engagements, the OCC signed the Memorandum

26 Jun, 2024

Sri Lanka and China sign debt treatment agreements in Beijing

Sri Lanka signed debt treatment agreements in Beijing with China’s Exim Bank, Wednesday, to restructure USD 4.2 billion of debt. The Framework Agreement related to this was signed between Sri Lanka and China in Colombo, Sri Lanka, the President’s Media Division said. The restructuring provides significant debt relief, allowing Sri Lanka to allocate more funds to essential public services and resume concessional financing for critical infrastructure development. Earlier, Chinese Foreign Minist

26 Jun, 2024