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ADBThe Ministry of Finance and Mass Media yesterday (22nd Nov.) entered into two Loan Agreements with Asian Development Bank (ADB) to borrow USD 150 million for the development of 3400 km of rural roadways and USD 200 million for the implementation of 100 MW Wind Power Generation Project in Mannar Island.

 

 coconutsAs prices of coconuts soared due to drought fuelled supply shortage, Sri Lanka announced that it is sourcing a huge volume of coconuts not from international sellers but from domestic suppliers, to be sold to local consumer at a very low price tag.

japanJapan will continue to support Sri Lanka in its development programs and strengthen maritime security, says the Japanese State Minister for Foreign Affairs Kazuyuki Nakane.

usTo develop the dairy activities in Sri Lanka, the United States announced that a USD 21 million (LKR 3.15 billion) awarded by the U.S. Department of Agriculture’s Food for Progress program, to modernize and strengthen Sri Lanka’s dairy sector by increasing productivity and improving milk quality, financing, food safety, and trade.

unThe United States expressed its support to develop Sri Lanka as a regional hub for trade and investment in Asia, which would connect trade flows among ASEAN, India, the Middle East, and Africa through free and open seas that would be the key to growth of the region, says the joint statement issued by the Ministry of Foreign Affairs of Sri Lanka and the U.S. Department of State on the Sri Lanka-United States Partnership Dialogue held at Colombo yesterday (6th Nov.).

cpcMinister of Petroleum Resources Development Arjuna Ranatunge told today (6th Nov.) that the Ceylon Petroleum Corporation (CPC) has sufficient stocks of 10, 000 MTs of petrol for the next few days and requests the public to refrain from the panic buying.

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