News

Sinopec to invest in an oil refinery in Hambantota

Published

2 years ago

March 25, 2023

editor

Sinopec, a Chinese company ranking fifth in the Fortune Global 500 list of 2022, is planning to invest in a multi-million oil refinery project in Hambantota, Daily Mirror learns.

Sinopec, is a state-owned Chinese oil company based in Beijing. The company is a “vertically integrated energy and chemical company that is engaged in oil and gas exploration and production.” The company currently offers bunkering services at the Hambantota port, which is also a Chinese investment.

A top delegation from the Sinopec Group and the China Merchants Group visited Sri Lanka recently to explore cooperation and further investment in petroleum chemicals, trade, and port and industrial park operation as announced by the Chinese Embassy in Colombo.

Negotiations are currently underway between the two sides on the proposed investment.
Meanwhile, Power and Energy Minister Kanchana Wijesekera said three global suppliers would enter the domestic retail market to bring about a healthy competition.

“Once the National Energy Committee gives its approval, it will be presented to the Cabinet,” he tweeted on Thursday.

Lanka Indian Oil Company is the only foreign company carrying out retain fuel trade in Sri Lanka at the moment.

(dailymirror)

News

Immunoglobulin case : Keheliya to be indicted next week

Published

9 hours ago

June 3, 2025

editor

The Attorney General has informed the Supreme Court that former Health Minister Keheliya Rambukwella and other suspects linked to the alleged import of substandard human immunoglobulin will be indicted before a three-judge High Court bench next week.

The Former Health Minister was arrested in early February 2024 and remanded over the alleged import of substandard human Immunoglobulin injections.

He was granted bail after seven months by the Maligakanda Magistrate’s Court.

He is charged with alleged complicity in the procurement of substandard human intravenous immunoglobulin.

(newswire.lk)

(This story, originally published by newswire.lk has not been edited by SLM staff)

News

ASPI hits new all-time high

Published

9 hours ago

June 3, 2025

editor

The Colombo Stock Exchange (CSE) closed on a positive note today (June 03), with the All Share Price Index (ASPI) reaching an all-time high of 17,214.39, marking an increase of 234.50 points (1.38%). Similarly, the S&P SL20 Index also recorded an all-time high, rising by 96.36 points (1.91%) to close at 5,131.28.

Total market turnover amounted to LKR 7.37 billion, with 271.94 million shares traded. Market breadth reflected a positive sentiment, with 139 gainers and 77 losers contributing to the overall movement of the ASPI.

The previous record of 17,193.80 points was set on February 18, 2025.

Meanwhile, the S&P SL20 has climbed 108.53 points (2.1%) to reach 5143.45 points at the close of trading.

News

Draft Bill to recognize sign language as official communication medium

Published

9 hours ago

June 3, 2025

editor

The Cabinet has granted approval to proceed with finalizing a draft bill to recognize sign language as an official medium of communication in Sri Lanka.

The cabinet paper was tabled by the Minister of Rural Development, Social Security and Community Empowerment. The initiative aims to ensure full societal participation and equal access to information for the deaf community.

The move builds on earlier policy approval granted in 2010 to accept sign language formally, with subsequent Cabinet decisions in 2017 and 2021 directing legal drafting of the bill.