Sri Lanka and India will sign a pact to link their power grids and start negotiations on an upgraded trade agreement within two months, a Sri Lankan High Commissioner in India Milinda Moragoda said on Wednesday.
The International Finance Corporation (IFC) has reaffirmed Commercial Bank of Ceylon’s status as the South Asian financial institution to record the highest number of climate finance transactions in fiscal year 2022, awarding Sri Lanka’s benchmark private sector bank the prestigious Climate Assessment for Financial Institutions (CAFI) award in respect of the year.
Sri Lanka has taken major step forward towards strengthening socioeconomic relations with Russia while opening avenues for local businessmen and entrepreneurs to establish contacts with Russian counterparts, official sources disclosed.
Three members of the Public Utility Commission have rejected the proposal of PUCSL chairman’s proposal of 36 precent electricity tariff hike to ease the difficulty of consumers in paying exorbitant price for a unit of electricity.
