The private creditors who have given loans to Sri Lanka have forwarded the first proposal for debt restructuring to the Sri Lankan authorities, and it is reported that no information will be disclosed regarding the proposal.

Dollar-strapped government will set the stage of economic recovery following the unlocking of US $2.9 billion International Monetary Fund (IMF) bailout loan by the end of this month with the executive board approval for reforms programme, State Finance Minister Shehan Semasingha confirmed.

The spokesman for the Ministry of Foreign Affairs of the People’s Republic of China has reaffirmed their commitment towards Sri Lanka’s debt restructuring process.

China has called on commercial and multilateral creditors to take part in Sri Lanka’s debt restructuring based on fair burden-sharing.

The National Drivers Association (NDA) in a statement to media warned about the dangers of reusing worn-out tires by cutting grooves into them.

Sri Lankan Foreign Minister Ali Sabry yesterday urged other countries to review their travel advisories to reflect the stability in the country, which would further encourage tourist influx.

Chinese human smuggling racket has penetrated Sri Lanka for jobs in telecom and gambling sectors, Chinese Embassy in Colombo warned adding that they were forced to engage in scams and rackets.

USNS Brunswick, a Spearhead-Class Expeditionary Fast Transport ship of the U.S. Navy arrived at the port of Trincomalee today.

Central Bank will end the foreign exchange surrender rule by next week while marinating 100 percent exporter dollar conversations as the banking sector is now processed sufficient dollar reserves to finance the essential imports such as fuel, cooking gas, medicines and other commodities ,Central Bank Governor Nandalal Weerasinghe disclosed .