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China willing to continue helping SL to ease debt burden

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China has said that they will jointly play a positive role in helping Sri Lanka navigate the situation, ease its debt burden and achieve sustainable development.

Speaking at the regular media briefing in Beijing yesterday (28) Chinese Foreign Ministry Spokesperson – Ms. Mao Ning has said this while responding to Bloomberg.

Bloomberg: Is China willing to make any adjustments to fall in line with the assurances required to finalize Sri Lanka’s IMF program? If not, are there other steps that have been taken to overcome Chinese concerns on Sri Lanka’s recast and the overall debt restructuring landscape?

Mao Ning: “We have shared with you the information on multiple occasions. The Export-Import Bank of China provided a financing support document to the Ministry of Finance, Economic Stabilization and National Policies of Sri Lanka, saying the Bank is going to provide an extension on the debt service due in 2022 and 2023 to help relieve Sri Lanka’s short-term debt repayment pressure. The Bank also noted that it will support Sri Lanka in its loan application to the IMF and continuously call on commercial creditors (including the International Sovereign Bondholders) to provide debt treatment in an equally comparable manner, and encourage multilateral creditors to do their utmost to make corresponding contributions.”

“What China did is first based on China’s existing policy and position on debt issue. At the same time, as a special arrangement, it also reflects the traditional friendship between China and Sri Lanka. China’s action fully demonstrates its sincerity and efforts to support Sri Lanka in achieving debt sustainability. China will continue to support relevant financial institutions in actively working out the debt treatment. We will work with relevant countries and international financial institutions to jointly play a positive role in helping Sri Lanka navigate the situation, ease its debt burden and achieve sustainable development.”

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Student caught selling moonshine at school

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A student of a popular school in Kalawana, has been nabbed for selling moonshine at his school.

Upon being discovered by a teacher, he had been handed over to the Kalawana police. 

Police say that the Grade 09 student had brought moonshine into the school in his water bottle and sold cups of it to older students.

He had been released after being strongly warned.

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One dead in explosion at Kalpitiya Air Force firing range

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An explosion reported at the Sri Lanka Air Force (SLAF) Field Firing Range in Kandakuliya, Kalpitiya earlier today (26 Sep.) resulting in one death, Sri Lanka Police has confirmed.

Accordingly, an explosion which had occurred at the Air Force Field Firing Range in Kalpitiya, has resulted in the death of an 28 year old airman while injuring another, Police Spokesman SSP Nihal Thalduwa has said.

Investigations into the cause of the explosion are underway, he added.

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4 Excise officers interdicted for assaulting Beedi businessman

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Four Excise officers who were arrested for allegedly assaulting and soliciting a bribe from a ‘Beedi’ manufacturer in Walasmulla have been interdicted by the Commissioner General of Excise.

The decision has been taken following the instruction of State Minister of Finance Ranjith Siyambalapitiya.

The four Excise officers including the OIC of the Tangalle Excise station have been interdicted over the allegations of assault and soliciting a bribe from a ‘Beedi’ manufacturer for not implementing the law against him for possession of Beedi leaves without a valid license.

Related News :

Excise officials kidnap beedi businessman & forcefully take Rs.1mn

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