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Sri Lanka Allows Firms From Oil-Producing Nations to Sell Fuel in Retail Markets_我的网站

A |     交通部长兼财政部第二部长徐芳达主持。    Sri Lanka on Tuesday opened its fuel import and retail sales markets for firms belonging to oil-producing countries, a measure which the government hopes may ease crippling shortages that have paralyzed most of the economic activity in the island nation.,The move will also end the duopoly of state-owned Ceylon Petroleum Corporation (CPC), controlling 80% of the fuel market, and Lanka IOC, a unit of Indian Oil Corporation.,The cabinet approved the proposal hours before a high-level delegation left for Qatar and Russia to arrange fuel for immediate needs.,Minister of Energy Kanchana Wijesekera said the firms would be able to operate without Forex requirements from the Central Bank of Sri Lanka (CBSL) and other banks.,“This exemption of Forex requirements will be permitted for the first few months of operations,” the minister said.,The cabinet has asked the CPC to provide its logistics, stocking, and distribution service to the foreign firm, suggesting that the government would privatize a debt-ridden state-run firm which controls around 80 percent of the market.,However, the refinery business will remain with the Ceylon Petroleum Corporation, which was operating with a monthly loss of approximately $90 million last year.,On Monday, the government restricted fuel sales to port, health services, and food transport until 11 July, citing the "unprecedented state of finance and foreign exchange crisis.”,“All other sectors are requested to stay at home and provide services online in this difficult time,” Bandula Gunawardena, the government spokesman, said.,Last Wednesday, Sri Lankan Prime Minister Ranil Wickremesinghe said the economy had “completely collapsed,” showing the inability to purchase fuel as shortages of essentials and electricity worsen.,The government is in talks with Qatar, Russia, and India to arrange for fuel until the forex crisis gets resolved. The island nation has also planned a credit conference with the participation of India, China, and Japan to arrange for loans for food and fuel purchases.,A negotiation with the International Monetary Fund is in progress and will likely be finalized by July.,Want to know more? Check out our Koo & Telegram accounts!,Koo: https://www.kooapp.com/profile/sputniknews,Sputnik India: https://t.me/sputniknewsindia。

B | （图：Facebook/Chee Hong Tat 徐芳达）我国金融管理局成立的股票市场检讨工作小组举行第一次会议，确立了企业与市场以及监管两大工作流的首要任务。金管局发表文告说，本月19日举行的首次会议由交通部长兼财政部第二部长徐芳达主持。会上决定，企业与市场工作流将着重探讨鼓励上市、增加投资者参与、改善交易流动性和促进上市股票公平估值的建议。监管工作流则会探讨如何精简监管框架、改进上市程序、加强以披露为准的机制的有效性，以及强化企业治理标准和投资者的申诉管道。工作小组也公布了两大工作流的成员，其中包括资本市场从业员、投资者权益组织、行业协会及学术界人士。徐芳达表示，工作小组及工作流的成员将通过业界圆桌会议和焦点小组讨论进行广泛的咨询。他指出，要解决本地股票市场所面对的挑战没有万灵丹，当局需要的是一套可执行的解决方案。这套方案必须有效，能发挥互补作用，也能善用我国作为可信赖的商业及金融中心的优势。

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