China Sri Lanka city Qingdao quarantine Government prevention China Sri Lanka city Qingdao

People’s Bank to pay USD 6.7 mn to Chinese fertilizer company on Friday (7)

Reading now: 102
www.newsfirst.lk

COLOMBO (News 1st); The People’s Bank of Sri Lanka announced that a sum of USD 6.9 Million will be 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 comes 48 hours 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.Sri Lanka’s Fertilizer companies informed the court that they reached a settlement with regard to the controversial Chinese Organic Fertilizer shipment.The terms that the plaintiff companies and the defendants, namely Qingdao Seawin Biotech Group Co., Ltd, its local agent, and People’s Bank, have agreed to for the settlement are as follows.1.

People’s Bank would release 75% of the consignment value to Qingdao Seawin Biotech Group Co., Ltd in terms of the Letter of Credit.2.

Qingdao Seawin Biotech Group Co., Ltd will obtain and provide certification for the raw material ingredients, and arrange fresh samples of a new consignment of organic fertilizer to be tested.In terms of the contract, the samples should be free of pathogens and to ship the consignment only after the tested samples have been found to be in compliance with the Plant Protection Act, No.

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

People’s Bank removed from China Embassy blacklist - newsfirst.lk - China - Sri Lanka
newsfirst.lk
64%
166
People’s Bank removed from China Embassy blacklist
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.
Gotabaya Rajapaksa - Chinese Foreign Minister meets President; Both parties discuss debt restructuring possibility - newsfirst.lk - China - Sri Lanka
newsfirst.lk
78%
876
Chinese Foreign Minister meets President; Both parties discuss debt restructuring possibility
COLOMBO (News 1st); Chinese Foreign Minister Wang Yi called on Sri Lankan President Gotabaya Rajapaksa on Sunday (9) afternoon.According to the President’s Media Division, the meeting took place to further strengthen the 65 year diplomatic relations between China and Sri Lanka.Welcoming the visit of the Chinese Foreign Minister, the President recalled the historic close ties between the two countries.The President on behalf of the Government of Sri Lanka and her people, thanked the Government of China for the material and financial assistance received to battle the COVID-19 pandemic.Reflecting on the friendship between the two countries, Wang Yi said he was pleased to be back in Sri Lanka and said that China would always support the island nation as a close friend.President Rajapaksa also thanked the Chinese Government for its continued support in providing Sri Lanka with Sinopharm vaccines for the successful implementation of the COVID-19 vaccination program.The President requested Wang Yi to assist in attracting Chinese tourists to Sri Lanka by allowing visitation using the bio-bubble program.The President pointed out that it would be a great relief to the country if the focus could be on restructuring the debt repayments as a solution to the economic crisis that has arisen in the face of COVID-19.The President also said that if a concessional trade credit scheme could be obtained for imports from China, it would enable industries to run smoothly.Wang Yi invited the President to visit China and expressed confidence that the visit would take place soon.
John Mayer - John Mayer tests POSITIVE for COVID-19 and pulls out of Dead and Company's event in Mexico - dailymail.co.uk - Mexico
dailymail.co.uk
36%
291
John Mayer tests POSITIVE for COVID-19 and pulls out of Dead and Company's event in Mexico
Just before leaving for Mexico to perform in Dead and Company's Playing in the Sand event this weekend, John Mayer has tested positive for COVID-19.The 44-year-old singer was slated to perform with Dead and Company, an offshoot of the beloved group Grateful Dead, at the event in Cancun, Mexico, via Variety.The news was announced on Dead and Company's Instagram page on Wednesday, revealing Mayer was just about to leave for Mexico when he tested positive and was forced to bow out of the festivities. Positive:Just before leaving for Mexico to perform in Dead and Company's Playing in the Sand event this weekend, John Mayer has tested positive for COVID-19 Update:The news was announced on Dead and Company's Instagram page on Wednesday, revealing Mayer was just about to leave for Mexico when he tested positive and was forced to bow out of the festivities'Today, just prior to leaving for Mexico, per his physician, @JohnMayer tested positive for COVID-19 and will be unable to perform at the upcoming “Playing in the Sand” event in Riviera Cancun January 7-10,' the Company's statement began.'The weekend will now feature Dos Hermanos con Amigos: @MickeyHart and @BobWeir with @JeffChimentiMusic and @Oteil_Burbridge, joined by @LuvrsLane, Tom Hamilton @TRHJunior and including special guests and sit ins including @MissMargoPrice and others,' the statement added.
DMCA