The US-based fuel distribution company RM Parks Inc. in California today signed an agreement with the BOI with an investment of USD 110 million to serve the Sri Lankan petroleum sector in collaboration with Shell Plc to operate 200 fuel stations.

The Government has decided to introduce new provisions for entities seeking the recognition and security that the Board of Investment (BOI) offers to boost investor confidence and attract foreign investment.

The proposed bill for electricity sector reforms towards restructuring Ceylon Electricity Board (CEB) has been approved by the cabinet of ministers at its meeting held on Monday (Nov.20), Power & Energy Minister Kanchana Wijesekera said.

Arab-Israeli vlogger and online influencer Nuseir Yassin - known to his millions of followers as the founder of the popular online community “Nas Daily” – has entered into an agreement with the Sri Lanka Tourism Promotion Bureau (SLTPB).

The Foreign Ministry has received a request from the Chinese embassy for permission fo another Chinese research vessel to enter Sri Lankan waters early next year.

Administrator of the United States Agency for International Development Samantha Power told President Ranil Wickremesinghe that the Biden administration greatly values its partnership with Sri Lanka.

A comprehensive investigation is now underway on the alleged importation of an unusually large amount of sugar days before the special commodity levy hike to Rs. 50 from 25 cents per kg came in effect on November 2, Finance Ministry sources said.

Sri Lanka Customs has to forego millions of rupees in revenue due to the discretion given to their officers to determine the fine for smuggling restricted goods into the country, the Parliamentary Committee on Ways and Means revealed.

Parliament Committee has decided to make it mandatory to install CCTV cameras in passenger buses. The decision has been taken by the Sectoral Oversight Committee on Energy & Transport, which met in Parliament recently.