Premier Ranil Wickremesinghe speaking to international media on the sidelines of the World Economic Forum in Hanoi insists the country was not under "threat" from growing Sino-U.S. trade tensions.
The PM speaking to CNBC said the country was gaining in long term financial stability by diversifying its exports beyond tea and apparel and into higher-value goods and services.
Speaking further, Mr Wikremesinghe decried the report released by ratings agency Fitch earlier this month by stating that he did not believe that the sovereign bonds of the country were on the verge of a downgrade. The PM said he was in disagreement with the currency crisis report that was released by Japanese financial company Nomura Holdings Inc. The report noted that SL was running a risk of an Exchange-Rate Crisis.
“We are dealing with China. There are a fair amount of Chinese investments. There are China loans.I can’t see it as a threat.” commented Wickremesinghe.
Watch the video of the interview
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.
Ajith Gallage, the owner of a Bird Park in Nagarawawa, Hambantota, has been remanded over allegations of concealing illegally imported motorcycles, in a warehouse owned by him.
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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