3
The Petroleum Distributors Association has warned that many petrol stations may have to close in the near future due to insufficient commissions paid by the Ceylon Petroleum Corporation, Sri Lanka Petroleum Private Tanker Owners’ Association (SLPPTOA) joint Secretary D.V Shantha Silva said.
1
A wild elephant that roamed into Minneriya Ayurveda Hospital in the early hours of last morning had pulled down a window and taken out and destroyed a bed and an iron box used by the patients to keep their belongings. Several elderly patients were under treatment in the ward.
16
Institutional corruption persists, particularly within sectors protected by entrenched vested interests, even under the current government, though high-level political bribery solicitation appears to have diminished, according to the U.S. statement on Sri Lanka’s investment climate.
0
Central Crime Branch (CCB) arrested three Sri Lankan men who were allegedly staying illegally in an apartment near Devanahalli. Police suspect they were involved in crimes in Sri Lanka and had been hiding in the city for several months.
7
A 38-year-old businessman from Puttalam, was arrested by Police Narcotics Bureau (PNB) officers early yesterday (30) at the Bandaranaike International Airport (BIA) while attempting to smuggle out 75 bottles of foreign liquor worth around Rs. 1 million.
1
Sri Lanka’s sovereign debt restructuring has eased the borrowing costs and restored investor access to financial markets. However, all is not rosy yet, as the country faces a complex post-restructuring debt portfolio that requires stronger public debt management and continued fiscal discipline, according to a new International Monetary Fund (IMF) working paper.
2
The Sri Lanka Logistics and Freight Forwarders Association (SLFFA) has joined the calls for urgent government action after the removal of the Simplified Value Added Tax (SVAT) scheme, warning the move could squeeze cash flows and undermine the country’s export sector.
1
The Ceylon Chamber of Commerce (CCC) yesterday urged the government to strengthen the draft Public-Private Partnership (PPP) Bill to make it more investor-friendly, while welcoming the government’s effort to establish a framework for private sector participation in infrastructure and services.