Essayer OR - Gratuit
Chinese Envoy urges greater use of RMB for trade between China and Lanka
The Island
|November 03, 2025
Chinese Ambassador to Sri Lanka, Xi Zhenghong, has called for greater use of the Renminbi (RMB) in trade settlements between China and Sri Lanka, emphasising its potential to strengthen bilateral economic ties and enhance financial stability.
-
He made these remarks at the 2025 RMB Internationalisation Forum, held in Colombo, and organised by the China Business Council in Sri Lanka, with the support of the Bank of China, Colombo Branch. The event brought together senior policymakers and financial experts, including Central Bank Governor Dr. Nandalal Weerasinghe, Minister of Labour and Deputy Minister of Finance Dr. Anil Jayantha Fernando, and Finance Ministry Secretary Dr. Harshana Suriyapperuma.
In his address, Ambassador Xi highlighted the evolution of the global monetary system from a dollar-centred framework toward one that is increasingly diversified. While acknowledging the US dollar's historic role in maintaining global financial stability, he pointed out the structural imbalances and vulnerabilities that the dollar-centric system poses, particularly for developing economies.
Cette histoire est tirée de l'édition November 03, 2025 de The Island.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Island
The Island
Gazette on VAT amendments issued
The Ministry of Finance, Planning and Economic Development has issued a Gazette notification, detailing amendments to the Value Added Tax (VAT) system, which are scheduled to come into effect from July 1, 2026.
1 min
May 04, 2026
The Island
USD 3.7 bn H'tota refinery: China won't launch project without bigger local market share
China has declared that China Petroleum and Chemical Corporation (SINOPEC) will not proceed with the USD 3.7 bn Hambantota oil refinery project unless a consensus could be reached on the percentage of the output that could be sold in the local market.
3 mins
May 04, 2026
The Island
Airbus deal: CIABOC summons Mahinda and Priyankara
Former President Mahinda Rajapaksa and former Minister Piyankara Jayaratne have been summoned by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) on May 12, 2026, to record statements in connection with the ongoing probe into the controversial Airbus procurement deal.
1 min
May 04, 2026
The Island
Administrators oppose govt. move to deploy Clean Sri Lanka agents in District and Divisional Secretariats
The Sri Lanka Association of Divisional Secretaries and Assistant Divisional Secretaries (SLADA) has written to the Secretary to the President requesting the withdrawal of a decision to appoint “Clean Sri Lanka” coordinators at provincial, district and divisional levels, warning that it could seriously undermine the independence of the public service.
2 mins
May 04, 2026
The Island
Time to get ready to face power cuts and save on electricity bills
The power cuts are already here.
7 mins
May 04, 2026
The Island
Dengue on the rise
The National Dengue Control Unit has reported a total of 25,082 dengue cases across Sri Lanka during the four-month period, from January 1, 2026, raising continued concern over the spread of the disease.
1 min
May 04, 2026
The Island
Approach to constitutional reform
The S.J.V. Chelvanayakam KC Memorial Lecture delivered on 26 April, at Jaffna Central College, by Professor G.L. Peiris, an academic with outstanding credentials, was published, under the title, \"Federalism and paths to constitutional reform,\" in The Island of 27 April, 2026.
6 mins
May 04, 2026
The Island
LOLC Finance strengthens nationwide network with new Angunakolapalassa branch
LOLC Finance PLC has strengthened its nationwide network with the inauguration of a new branch in Angunakolapalassa on 5 March 2026, complemented by the strategic relocation of its Baddegama and Divulapitiya branches on 12 March 2026.
1 min
May 04, 2026
The Island
Reclaiming education: Why Derozio still matters
At a time when classrooms are increasingly defined by examination scores, rankings, and relentless competition, it is worth asking a fundamental question: what is education truly meant to achieve?
3 mins
May 04, 2026
The Island
From Coal to Solar: China’s sunken Mines power a Green Revolution: Lessons for Sri Lanka
In a striking symbol of the global energy transition, vast stretches of once-abandoned coal mines in China have been reborn, not as relics of an industrial past, but as shimmering hubs of renewable energy.
3 mins
May 04, 2026
Listen
Translate
Change font size