China Sri Lanka information Government prevention China Sri Lanka

People’s Bank removed from China Embassy blacklist

Reading now: 963
www.newsfirst.lk

COLOMBO (News 1st); Sri Lanka’s People’s Bank has been removed from the blacklist of the Economic and Commercial Office of the Chinese Embassy in Sri Lanka, it was confirmed on Tuesday (11).On the 9th of January 2022; The People’s Bank of Sri Lanka has informed the Chinese Embassy in Sri Lanka of its request to be taken off the blacklist by the Embassy’s Economic and Commercial Office over the Chinese Fertilizer shipment that was rejected by Sri Lanka, after pathogens were detected in samples twice.This is after People’s Bank honoured the Letter of Credit obligation of USD 6.9 Mn to China’s Qingdao Seawin Biotech Group.The People’s Bank of Sri Lanka announced that a sum of USD 6.9 Million was paid to Qingdao Seawin Biotech Group Co., Ltd, on Friday (7) as per the Letter of Credit opened for the purchase of organic fertilizer.This announcement came days after the Colombo Commercial High Court dissolved an order preventing the payment to a Chinese company for imported fertilizer.The order was dissolved on the basis that the Chinese company and the Sri Lankan Government had reached a settlement on the issue.The People’s Bank of Sri Lanka was then blacklisted by the Economic and Commercial Office of the Chinese Embassy in Sri Lanka for failing to make the payment according to the Letter of Credit and the contracts between the two parties. .

Read more on newsfirst.lk
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Colombo Harbour - Borella Grenade Probe: Suspect provides closed door statement for over an hour - newsfirst.lk - Sri Lanka
newsfirst.lk
70%
163
Borella Grenade Probe: Suspect provides closed door statement for over an hour
COLOMBO (News 1st); The suspect who was charged with placing a hand grenade at the All Saint’s Church premises in Borella and was detained by Sri Lanka Police, provided a statement to the Colombo Additional Magistrate for over an hour and a half, behind closed doors.The suspect was identified as Liyanage Dayasena and was produced to court by the Colombo Crimes Division.He provided a statement behind closed doors in the presence of Colombo Additional Magistrate Rajindra Jayasuriya, after his request to do so was accepted by the court.The Colombo Crimes Division told the court that the suspect will be detained for a period of 90 days with permission from the Defence Secretary for further investigations.The CCD also told the court that the other six suspects who were arrested over the incident during the course of the investigations will continue to remain in detention for further inquiry.The Colombo Crimes Division arrested an individual identified as ‘Ranale Ruwan’ from Ranna, in Hambantota on Thursday (20).‘Ranale Ruwan’ was wanted by authorities as it was believed that it was he who provide the hand grenade that was discovered at the All Saint’s Church in Borella on the 11th of January 2022.Sri Lanka Police said that the hand grenade was placed at the Church in Borella on the instructions of a retired doctor from Piliyandala, who was arrested on Monday (17).Investigations carried out by the Colombo Crimes Division revealed that a suspect detained by the Colombo Harbour Police is believed to have placed the hand grenade at the Church in Borella, and he was identified as a 65-year-old from Panamure.Police said that the suspect had visited the All Saint’s Church in Borella on the day of the incident, and his presence was