Tuesday, February 16, 2021

Cabinet approval granted to allow Petroleum corporation to obtain loans directly from the International market

COLOMBO (News 1st): The Cabinet has given approval to the Ceylon Petroleum Corporation to obtain foreign exchange for debt management. “As a result of continuous trading losses, the Ceylon Petroleum Corporation is in debt of Rs. 600 billion” Co-Cabinet Spokesman Minister Udaya Gammanpila said. He added that the Ceylon Petroleum Corporation has been bankrupt since 2008. “The Cabinet observed […]

Cabinet approval granted to allow Petroleum corporation to obtain loans directly from the International market

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