Day: June 21, 2018

Court summons PTL Chairman Geoffrey Aloysius

Perpetual Treasuries Limited (PTL) owner Arjun Aloysius and its CEO Kasun Palisena have been further remanded till 5th of July, by the order of the Fort Magistrate.

US assures continued support to Sri Lanka after quitting UNHRC

Following the announcement that the United States withdrew from the United Nations Human Rights Council, the US Ambassador in Colombo Atul Keshap has met with Sri Lankan officials to assure them continued support to fulfill commitments in the UNHRC resolution.

IMF urges Sri Lanka to let Rupee slide

The International Monetary Fund urged Sri Lanka to let its rupee keep sliding and not intervene further to bolster the ailing currency as it fell to historic lows.

Treasury gets final tranche of US$ 584 million

China Merchant Port Holdings Limited (CM Port) yesterday released the final tranche of US$ 584 million for the Hambantota Port, completing the US$ 976 million investment. This marks the single highest ever Foreign Direct Investment (FDI) received by Sri Lanka to date.