Category:
Defence Attachés of USA, France, Germany, Korea & Switzerland visit Hambantota Port
Defence Attachés (DAs) representing several countries made a recent tour of the port to familiarise themselves with the port’s activities. Some of them showed interest in directing their country’s naval vessels to Hambantota International Port (HIP) for replenishment and for husbandry services while operating in the region. The visiting group represented the USA, Maldives, France, […]
Chinese steel giant Baowu to conduct feasibility study on making investment in Hambanthota
Ambassador of Sri Lanka to China, Dr.Palitha Kohona visited the Baowu Steel conglomerate offices in Ma’anshan, Anhui and met with senior management to discuss investment potential in Sri Lanka. Baowu Steel will prepare a feasibility study on making a substantial investment in Hambanthota, Sri Lanka. China Baowu Steel Group Corp., Ltd., commonly known as Baowu, […]
President says no truth in the report that the CBSL Governor was asked to step down
With reference to news reports that CBSL Governor was asked to step down, President Gotabaya Rajapaksa today said, “The news stories that Central Bank Governor Ajith Nivard Cabraal has been requested to step down is completely false. Governor Cabraal enjoys my fullest confidence and trust and has been a tower of strength in responding to […]
With confidence and commitment vision of Green Agriculture can be accomplished, President
Farmers who used organic fertilizer correctly during the Maha season have achieved high yields. District Secretaries say that the Government’s green agriculture agenda can be succeeded by educating the farmers who did not turn to it and avoiding the shortcomings. This was stated at a discussion held at the Presidential Secretariat today (15) regarding the […]
Meeting held between President and IMF representatives
Several representatives of the International Monetary Fund (IMF) met President Gotabaya Rajapaksa at the Presidential Secretariat this morning (15). The IMF delegation comprised of its Asia Pacific Department Director Dr. Changyong Rhee, Deputy Director Dr.Anne-Marie Gulde-Wolf and IMF Resident Representative for Sri Lanka and Maldives Dr. Tubagus Feridhanusetyawan. Central Bank Governor Ajith Nivard Cabraal, Secretary […]
High Comm Moragoda meets Minister of Petroleum, Natural Gas and Housing and Urban Affairs on bilateral energy cooperation
High Commissioner of Sri Lanka to India Milinda Moragoda met with the Minister of Petroleum & Natural Gas and Housing and Urban Affairs of India Shri Hardeep Singh Puri, 10 March at the Ministry of Urban Affairs in New Delhi. High Commissioner Moragoda thanked Minister Puri for the assistance that India has provided to Sri Lanka as […]
No more power cuts in BOI zones: Power Minister
The power cuts that are currently being implemented on a daily basis will not be extended to factories owned by the Board of Investment, which plays an important role in the country’s economy, Power and Energy Minister Pavithra Wanniarachchi said. BOI officials who met the Minister have stated that the work of many of these […]
Cabinet approval to initiate discussions with IMF for technical assistance
Cabinet approval has been granted to initiate a discussion with the International Monetary Fund (IMF) for technical assistance, Co-Cabinet Spokesman, Plantation Minister Dr. Ramesh Pathirana said. “Cabinet approval has been given to the finance minister to go ahead and discuss with the IMF and their representatives are already in Sri Lanka. We are getting their […]
President invites Saudi Arabia to invest in several sectors
President Gotabaya Rajapaksa informed Saudi Arabian Foreign Minister Faisal bin Farhan Al Saud that he would like to invite Saudi Arabia to make direct investments in several sectors. The President made these remarks during a meeting held with the Foreign Affairs Minister of Saudi Arabia at the Presidential Secretariat this morning (14). The President pointed […]
Advisory committee appointed to advise National Economic Council
The cabinet nod has been received to appoint an advisory committee to advise the National Economic Council after the council came under fire for the absence of expert economists and business leaders. The 16-member advisory committee comprises Prof. H D Karunaratne, Prof. Shirantha Heenkenda, Dr. Dushni Weerakoon, Dhammika Perera, Krishan Balendra, Ashroff Omar, Dr. Hans […]
”’s proposed subordinated debt
Fitch Ratings has withdrawn the expected National Long-Term Rating of ‘BBB+(EXP)(lka)’ assigned to HNB Finance PLC’s (HNBF; A(lka)/Stable) proposed Sri Lankan rupee-denominated subordinated unsecured debentures on 21 September 2021. Fitch is withdrawing the expected rating as the issuance is no longer expected to convert to a final rating in the near future. KEY RATING DRIVERS […]