- Last Update 2025-06-17 17:30:00
Sri Lanka’s plan to secure $3.6 bln loan from Oman collapses
Sri Lanka’s plan to obtain a US$ 3.6 billion loan facility from Oman has been shattered following the collapse in negotiations between the Finance Ministry and Omani authorities, cabinet spokesman and media minister Dulles Alahapperuma has revealed.
The negotiations had commenced on a decision taken by the cabinet to seek this facility and it has ended in a deadlock, he said adding that some condition put forward by the Omani authorities were unacceptable for Sri Lanka.
These developments were exclusively reported in Business Times on November 7, 2021 in an article under the heading “Oman’s US$ 3.6 billion loan to CPC hangs on the balance”.
In that news item, Business Times highlighted that Sri Lanka’s decision to reject the request of allocating an offshore block in the Mannar Basin for oil exploration instead of the interest payments for a $3.6 billion credit by the Omani government has put this loan facility on the balance.
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- June 12, 2025 - 437 - 0
Badminton: World No.2 ranked Anders to play exhibition match against Viren at MBA Courts on Friday
An exhibition badminton match between Sri Lanka’s youngest Olympian shuttler, Viren Nettasinghe, and Anders Antonsen, the World No.2 ranked in Men’s Singles, will take place at the Mercantile Badminton Association (MBA) Courts at Malalasekara Mawatha, Colombo 7 on Friday (13).
- June 9, 2025 - 211 - 0
Protest in Colombo over attack on food aid ship to Gaza
A protest is underway at the Liberty Circle following Israeli forces attacking an aid ship to Gaza containing prominent activists carrying food to try and end the blockade of resources by the Israeli Government.
- June 8, 2025 - 189 - 0
Discarded soft toys make garbage tractor appealing
A garbage tractor driver from Kurunegala has gone viral on social media after adorning his municipal vehicle with teddy bears, fabric flowers, and colourful decorations, many of which were salvaged from the very trash he collects or purchased himself.
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