Sri Lanka has worked out a barter system of trading in tea for oil to Iran that is to commence from next month. Plantation Industries Minister Navin Dissanayake said.
The minister said at a media briefing held at the Sri Lanka Tea Board on Thursday that they had already discussed with the Ceylon Petroleum Corporation (CPC) and had confirmation from Iran to carry out this barter system following the trade sanctions imposed against Iran by the US.
The US$240 million debt in purchasing oil by CPC from Iran would be paid off by the tea exports, the minister said. (Sunimalee)
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Villagers in Nirmalapura, Daluwa, Norochcholai today staged a protest over an incident where a group of Navy officials and sailors had assaulted a resident in the area over night, Police said.
A passenger attempting to smuggle the largest quantity of gold of 35 kilo grams was arrested by the Customs at the Bandaranaike International Airport (BIA) today, a senior official said.
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