China takes front seat to lead SL’s debt restructuring process
China has taken the front seat in Sri Lanka’s external debt restructuring process making a calculated move akin to a chessboard strategy, catching everyone off-guard, by entering a preliminary debt deal with the Sri Lanka authorities.
MP Lakshman Kiriella said the Ceylon Electricity Board (CEB) has informed the Nilames and organizers of the Kandy Esala Perahera to deposit a sum of Rs. 13 million in order to supply an uninterrupted power supply for the festival.
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