World

Sri Lanka expects to conclude debt restructuring in time for IMF package third tranche

May 05, 2024

Colombo [Sri Lanka], May 5: Sri Lanka's Foreign Affairs Minister Ali Sabry told journalists in Colombo on Saturday that the country hopes to conclude debt restructuring in time for the third tranche of the International Monetary Fund financial aid program.
Speaking at a joint media briefing with his Japanese counterpart Yoko Kamikawa, Sabry said Sri Lanka is still working on stabilizing the economy, enhancing debt sustainability, and implementing growth-oriented structural reform.
Sabry also invited Japan to provide fresh investments in sectors such as power, infrastructure including port and highways sectors, dedicated investment zones, as well as green and digital economy.
Source: Xinhua

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TotalEnergies signs agreement with Daehwa Pharmaceutical in South Korea for a rooftop solar project

Seoul [South Korea], July 1: TotalEnergies has signed a Solar Power Operating Lease Agreement with South Korean pharmaceutical company Daehwa Pharmaceutical Co., Ltd. to install a 1.8 megawatt-peak (MWp) solar photovoltaic (PV) system. The project will be implemented at Daehwa Pharmaceutical's state-of-the-art production site in Hoengseong-gun, Gangwon-do. The signing ceremony was held at Daehwa Pharmaceutical's Seoul office in the Seocho District, with key representatives from both companies in attendance.

Jul 01, 2025