China has welcomed the resumption of free trade agreement talks by Sri Lanka as the country attempts to boost exports, after years of closed market policies under the Rajapaksa regime that allowed businessmen to exploit domestic consumers.
A new surcharge tax on fuel imports will be used to cover a 700 billion rupee (2 billion US dollar) loan taken over from state-run Ceylon Petroleum Corporation, State Minister for Finance Shehan Semasinghe said.
Sri Lanka s John Keells-Adani container terminal starts dredging economynext.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economynext.com Daily Mail and Mail on Sunday newspapers.
SINGAPORE - The Republic’s second defence chief, Brigadier-General Kirpa Ram Vij, who played a key role in setting up Singapore’s military in its early years of independence, died on Saturday. Read more at straitstimes.com.
Sri Lanka s economy is now shrinking, lifetime savings of the people have been halved, and inflation is the highest created in the history of the Latin America style central bank and the worst fears of those who nervously watched the money printing agency as it was created in 1950 have been realized.