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.
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Gazette on new speed limit regulations to be issued within two weeks
Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
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