News

China calls on commercial & multilateral creditors to take part in SL debt restructuring

Published

1 year ago

March 21, 2023

editor

China has called on commercial and multilateral creditors to take part in Sri Lanka’s debt restructuring under the principle of fair burden-sharing.

Chinese Foreign Ministry Spokesperson Wang Wenbin has expressed these sentiments at the MFA’s Regular Press Conference held today (01).

Mr. Wang was responding to a query on whether the Chinese MFA had any comment on the IMF approving a $3 billion loan program for Sri Lanka.

“We think this is good news and believe this will better help Sri Lanka address the crisis and get out of the difficult situation. The Export-Import Bank of China has provided financing support documents to Sri Lanka to help it truly address the debt issues swiftly and effectively, which fully speaks to China’s sincerity and effort to support Sri Lanka in achieving debt sustainability. China stands ready to work with relevant countries and international financial institutions and continue to play a positive role in helping Sri Lanka navigate the situation, easing its debt burden and helping it achieve sustainable development. In the meantime, we call on commercial and multilateral creditors to take part in Sri Lanka’s debt restructuring under the principle of fair burden-sharing,” he has said.

News

Iran – SL sign 5 MoUs (Video)

Published

8 hours ago

April 24, 2024

editor

Iran and Sri Lanka signed five memorandums of understanding (MoUs), aimed at bolstering bilateral relations between the two countries.

The MoUs signed will cover cooperation in film, media, tourism, cooperatives, libraries, and cultural, scientific, technical, and sports fields between the two countries, the Presidential Media Division notes.

Earlier in the evening, the Iranian President – Dr. Ebrahim Raisi and his Sri Lankan counterpart President Wickremesinghe held one-on-one discussions, followed by a bilateral meeting between representatives of both nations at the Presidential Secretariat.

(Video – PMD)

BIZ

Imported milk powder prices slashed

Published

8 hours ago

April 24, 2024

editor

The price of imported milk powder will be reduced with effect from tomorrow (April 25), the Milk Powder Importers’ Association states.

Accordingly, the price of a 01 kg pack will drop by Rs. 250 – Rs. 300 while the price of 400g pack will be slashed by Rs. 100ත් – Rs. 130.

News

Injunction against Wijedasa and Sarathie

Published

13 hours ago

April 24, 2024

editor

The Colombo District Court today (April 24) issued an injunction order preventing the appointment of Minister Wijeyadasa Rajapakshe as the Acting Chairman of the Sri Lanka Freedom Party (SLFP).
The court has also issued an injunction order preventing MP Sarathie Dushmantha Mithrapala from functioning as the General Secretary of SLFP.

Colombo District Judge Sandun Withana issued these orders after considering a complaint filed against the respective appointments.