Sri Lanka participated prominently in the High-Level debate of the United Nations General Assembly to mark the 15thAnniversary of the United Nations Convention against Corruption (UNCAC). The event was held on 23rd May 2018 at the United Nations Headquarters in New York and was well attended by ministers and other high officials of anti- corruption entities of member states. The Convention was adopted by the UN General Assembly on 31st October 2003 and entered into force upon ratification by thirty States on 14 December 2005. Today, a vast majority of United Nations Member States are parties (184 countries) to the Convention. Sri Lanka was one of the first countries to become a party to the Convention in March 2004.
Sri Lanka earned a high Rs. 74.1 billion from tea exports during the four month period in 2018, and is up 7% on the previous year figure of 69.2 Mnkg.This converts to USD value of $ 478 million which is only second to the 2014 record of $ 508.7 million and well up on 2017 figure of $ 458.2 million, according to Asia Siyaka tea market report.
The State Minister of Defence, Ruwan Wijewardene, leading a delegation to Rwanda signed a Memorandum of Understanding between Sri Lanka and the Republic of Rwanda on 15th May (2018).The State Minister undertook an official visit to the African country on an invitation extended by the Rwandan government, recently.
The Reuters news agency reported yesterday the Cabinet spokesman Dr. Rajitha Senaratne said that Iran has agreed to build a new oil refinery for Sri Lanka in addition to upgrading its ageing 50,000 barrel per day (bpd) state-owned refinery.
The High Commission of Sri Lanka in London, held its Annual Pirith Chanting Ceremony on 10th May followed by a Heel Dana (morning almsgiving) on 11th May 2018 to commemorate Vesak with the participation of the Sri Lankan community living in the United Kingdom.
Sri Lanka has offered Papua New Guinea assistance in the education sector, the Ministry of Foreign Affairs said today.High Commissioner Somasundaram Skandakumar presented his credentials as Sri Lanka’s High Commissioner to the Papua New Guinea Governor General Robert Dadae.
The Sri Lanka Ports Authority (SLPA) has earned record profits in the year 2017, reported the Ports and Shipping Minister yesterday.In 2017, the SLPA earned Rs 45.6 billion while its net profit after taxes came to Rs 13.3 billion. In 2016, the net profit was at Rs 1.03 billion.
The Government of China has approved a loan of US$ 1 billion as funding for the construction of Central Expressway Phase I and Chinese Envoy in Colombo Cheng Xueyuan conveyed his government’s decision to Prime Minister Ranil Wickremesinghe at Temple Trees yesterday.
Net foreign e Colombo Stock Exchange (CSE) amounted to US$ 18 million during February 2018, according to the Central Bank. This included net inflows to the primary and secondary markets as well. Accordingly, cumulative net inflows in the first two months of 2018 were US dollars 54 million. Meanwhile, the government securities market (Treasury bills and bonds) recorded a net foreign investment outflow of US dollars 55.6 million in February 2018, following a net inflow of US dollars 47.3 million in January 2018.