Russia interested in 'Sri Lanka oil'

The Russian federation has expressed interest in oil exploration in Sri Lanka.

Visiting Russian Foreign Minister Servey V Lavrov expressed interest in oil exploration in the Mannar bay and the rehabilitation of the Sapugaskanda oil refinery, Sri Lanka Foreign Ministry said in a statement.
Mr. Lavrov, a former diplomat who has worked in Colombo and a Sinhala speaker, is the first Russian Foreign Minister to visit Sri Lanka since diplomatic relations were established in 1957.bbc

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Economists hail bank rate reduction

Economists hail bank rate reduction

The Government decision to lower the interests by State banks aims to channel the credit liquidity to the private sector enterprises and to stimulate the private sector, economists told the Daily News yesterday.

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