China Merchant Port Holdings (CMPort) is to enter into an agreement with Sinopec to set up bunkering operations in Sri Lanka by building the largest logistics complex in S. Asia with US$ 392 mn investment.
Japanese farms are recruiting workers from Sri Lanka and other countries in South and Southeast Asia especially for the modern agriculture sector in that country, Foreign Employment Ministry revealed.
The United States District Court, Southern District of New York last week ordered the Sri Lankan Government and its sovereign bondholder Hamilton Reserve Bank (HRB) to submit a joint status letter by 12 May 2023.