The retail industry which constitutes 23% of the country’s GDP has been hit hard by the ongoing forex crisis and urged the Government to resolve it fast before putting thousands of jobs at stake.
A reputed Qatar investor with high-level connections sued a Sri Lankan bio energy firm and its sole owner and Managing Director for US$ 3 million defraud in an investment scam.
Sri Lanka’s Sapugaskanda oil refinery will finally receive crude oil stocks to resume its operations now following the commencement of unloading the ESPO crude oil cargo after a new modality was agreed with the supplier, Minister of Power and Energy Kanchana Wijesekara said.
Tourism Minister Harin Fernando revealed short- and long-term plans to revive the troubled sector with the support of resilient and agile tourism stakeholders.