Radi

Sri Lanka’s revenue in January is far below the expected increase of 69 percent due tax increases and not sufficient to meet all current expenditures except those payments pertaining to salaries, pensions, welfare, pharmaceuticals and debt servicing, official sources said.

Pakistan and Sri Lanka arrived at a consensus on ways and means of strategising a way forward to optimize bilateral trade and business activities within the context of the current economic scenario.

China's Foreign Ministry Spokesperson Mao Ning says the Export-Import Bank of China will provide an extension on the debt service to Sri Lanka due in 2022 and 2023.

Off the back of delaying payments for 12 coal shipments to run Norochcholai coal power plant with full capacity of 900 megawatts before the monsoon ( April 20), Lanka Coal Company Chairman of the Lanka Coal Company is going from pillar to post to find Rs15.3 billion required immediately to buy coal for the upcoming week.

Belarus and Sri Lanka have agreed to enhance links in business and education when the visiting Belarusian diplomat held meetings in Parliament, the Ministry of Justice, and institutions of the penitentiary system of Sri Lanka, and the Ceylon Chamber of Commerce recently.