Tag: SL Government

Sri Lanka is running out of time in commencing debt restructuring process with the delay in granting government approval to cabinet approved financial and legal advisers Lazard and Clifford Chance for the difficult task of renegotiating its debt of US$51 billion as the Attorney General’s Department is still to clear legal documents pertaining to the appointment, finance ministry sources said.

A high-level delegation representing the U.S. Department of the Treasury and the U.S. Department of State will visit Sri Lanka from June 26- 29, the U.S.Embassy in Colombo announced .

The Department of Immigration and Emigration has issued the first-ever ‘Golden Paradise Visa’ to Chai Yin Man from China for five years.

Lanka Trade Development Council (SLTDC) recently demanded immediate action from the Government to protect the small and medium enterprises (SMEs) with a plan to Cabinet paper, warning they would otherwise bring all engaged in the sector to the streets.

Sri Lanka is turning to Russia for overcoming the grave fuel crisis while renewing the bilateral ties at a time where the country has been depending on US , India, China, Japan and even Bangladesh credit lines.