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Ranwala was employed at the Ceylon Petroleum Corporation (CPC), working at the Sapugaskanda Refinery.As a trade unionist in the JVP-affiliated Ceylon Petroleum Common Workers' Union, he was the convener of the Trade Union Collective for Conservation of Fuel Resources, leading protests against the state-owned CPC losing its monopoly to the Indian state-owned Lanka IOC in 2002. [2]
Sri Lanka says it has reached an agreement with the Exim Bank of China on key terms and principles for restructuring its debt, a key step toward unlocking a second instalment of a $2.9 billion ...
Chinese petroleum giant Sinopec signed an agreement with Sri Lanka on Monday to enter the South Asian island country's retail fuel market as it struggles to resolve a worsening energy crisis amid ...
The Ceylon–China Trade Agreement of 1952, also known as the Rubber-Rice Pact, was an international trade agreement between the People's Republic of China and the Dominion of Ceylon (now known as Sri Lanka), signed on 18 December 1952 and lasting for 30 years. It proved to be the cornerstone of the early years of diplomatic relations between ...
Debt-stricken Sri Lanka signed a trade pact with Thailand on Saturday in a bid to boost trade and investment as the Indian ocean island nation is struggling to recover from its worst economic ...
China and Sri Lanka also share a military relationship, with China selling a range of modern armaments to the Sri Lanka Armed Forces. In July 2019, UN ambassadors from 50 countries, including Sri Lanka, have signed a joint letter to the UNHRC defending China's treatment of Uyghurs and other Muslim minority groups in the Xinjiang region. [23]
Sri Lanka's overseas bonds extended gains after the debt agreement was officially confirmed, with longer-dated notes rising as much as 1.6 cents on the dollar to just over 50 cents at 1213 GMT ...
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]