Work at the 161-acre dedicated Chinese Special Economic Zone (SEZ) at Mirigama has come to a grinding halt due to some disagreements between the Chinese investor entrusted with the task of setting up and managing the zone and the Sri Lanka Board of Investment (BOI), informed sources said.
The Sri Lankan Government on Friday returned a sum of Rs 5.7 billion that was spent by Harry Jayawardena-controlled Distilleries Corp. (DCSL) to pay for the privatisation of Sri Lanka Insurance and this new cash is likely to be used by the company to develop new businesses or invest in existing ones, brokers said.
