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Chinese spy ship to dock at Hambantota amidst Indian US concerns
Even as China’s spy ship ‘Yuan Wang 5’ is back on course towards the Hambantota Port of Sri Lanka, India is set to gift the island nation a Dornier 228 maritime patrol aircraft soon, subtly reasserting its role as the net security provider to the Indian Ocean region.
Global apparel industry steps in to support Sri Lanka’s apparel sector
The global apparel industry issued a call to action regarding Sri Lanka’s economic crisis this week, urging the stakeholders across the world to step up efforts in ensuring the island nation’s high-performing sector does not lose momentum.
CPC to take stern action on filling stations disregarding guidelines
The Ceylon Petroleum Corporation has been given directives to take appropriate management decisions and distribution decisions on the filling stations
Relaxation of open account ban on imports averts essential food crisis
The reversal of the decision of the Central Bank on the directions of Governor Dr NandalaL Weerasinghe to ban imports on open account transactions
Government resorts to domestic debt restructuring surgery
Sri Lanka Government is now resorting to restructure domestic debt to overcome fiscal and economic stress