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Sri Lanka is considering an offer from Bank of China for a loan of US$300 million, which could be raised to US$1 billion, to help it meet repayments during coming months, two sources in Colombo with knowledge of the offer told Reuters on Tuesday.
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Non-cabinet Minister Ajith P. Perera yesterday said he would speak to Home Affairs, Local Government and Provincial Councils Minister Vajira Abeywardana to see the possibility of presenting a motion in Parliament to hold PC polls under the old system as soon as possible.
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The main man behind the entire distribution network of beer and soft alcoholic beverages to over 100 unlicensed pubs, restaurants and hotels of the country’s ‘most happening’ tourist destination, Ella was identified when the Colombo Excise flying squad seized a lorry full of booze over the weekend.
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The Carbon Tax that had been imposed by the Government was neither effective nor productive because of the fact that it had not been imposed after taking into account how much carbon is emitted but the year of manufacture and the engine number of the vehicle, Consultant Automobile Engineer Jagath Jayasinghe said.
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Land reclamation of the Financial City, previously known as the Port City, has been completed, the Ministry of Megapolis and Western Province Development said. While land reclamation has been completed, construction of the city is scheduled to begin soon.