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Romania to sign agreement with Lanka to avoid double taxation to boost bilateral trade
Romanian Ambassador Doamna Arhire has informed Prime Minister Dinesh Gunawardena that Romania would sign an agreement with Sri Lanka to avoid double taxation to boost the bilateral trade between the two countries.
Ambassador Arhire called on Prime Minister Gunawardena at Temple Trees on Monday (26).
PM Gunawardena and the Romanian envoy discussed the long-standing bilateral relations between the two countries and the steps to be taken to enter into economic cooperation and investment in new spheres.
The Prime Minister urged Romania to consider investments and cooperation in education, agriculture, railways, IT, cyber security and tourism sectors.
Ambassador Arhire, expressing delight over the fourfold growth of bilateral trade to USD 127 million last year added that her country would sign an agreement with Sri Lanka to avoid double taxation so that trade process could be smoothened. She added that another Memorandum of Understanding (MoU) on cooperation in education, culture, sports and media could be signed once the draft is approved by both sides.
The Romanian envoy said 40,000 Lankans were employed in Romania and their contribution to the economy was highly appreciated and they also contribute to Sri Lanka with their remittances. The Prime Minister thanked the government of Romania for providing employment to a large number of Sri Lankans in recent years.
The Premier said that he was thankful for Romania’s support to Sri Lanka in the past and made a special mention about the Romanian oil supplies when there was a Western blockade due to nationalization of foreign oil companies here in the early 1960s and the supply of railway compartments and rails to Sri Lanka.
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Former first lady Shiranthi Rajapaksa arrested by CIABOC
Former first lady Shiranthi Rajapaksa, wife of former President Mahinda Rajapaksa was produced before the Hulftsdorp court, after being arrested by officers of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) and produce
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U.S. Navy ship USS Tulsa arrives in Colombo for replenishment visit
The U.S. Navy ship USS Tulsa (LCS 16) arrived at the Port of Colombo this morning, 7 October 2026 for replenishment purposes.
The visiting ship was welcomed by the Sri Lanka Navy in accordance with naval traditions.
The 127.7-metre-long platform is a Littoral Combat Ship commanded by Commander BM Wanier. Commissioned on 16 February 2019, USS Tulsa has since been in service with the US Navy.
The ship previously made a port call in Sri Lanka on 27 August 2025.
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Fuel crunch looms
Govt. tells fuel distributors to maintain stocks to ensure uninterrupted supplies
by Saman Indrajith and Norman Palihawadane
The government had instructed private fuel distributors to maintain minimum stocks and ensure uninterrupted supplies to the market, Energy Minister Anura Karunathilaka told Parliament yesterday (06).
Karunathilaka said the Ministry of Energy Secretary had notified the relevant companies of the requirement, following a reduction in supplies by some private distributors, amid higher international fuel prices.
The Minister said private companies had informed the government that they were facing losses because international prices had risen while fuel was being sold, locally, at prevailing prices. As a result, some companies had reduced the volumes released to the market.
The reduced supplies had increased the burden on the Ceylon Petroleum Corporation (CPC), whose share of the diesel market had risen from about 54% to 82%, the Minister said.
“The CPC currently holds an 82% share of the market,” he said, adding that it had increased its supplies, compared with February, to compensate for the reduction by private distributors.
Karunathilaka said the government could not, under the existing agreements with private companies, specify the quantities they should supply to individual filling stations. However, it could require them to maintain minimum stocks in the country.
The Minister said the Energy Ministry had already instructed companies that had failed to maintain the required stocks to take steps to prevent supply disruptions.
The Minister attributed the queues reported at some filling stations to reduced supplies from private distributors, as well as normal variations in fuel distribution. He also said demand for CPC fuel had increased because private companies generally did not provide fuel to dealers on credit, while the CPC offered a three-day credit facility.
“We expect that, as the Ceylon Petroleum Corporation takes on this additional burden, the problem will ease to some extent by Wednesday or Thursday,” Karunathilaka said.
He said instructions had also been issued to increase supplies to CPC filling stations. A special discussion on the issue is scheduled for today (07), with officials of the Energy Ministry and CPC expected to participate,
along with President Anura Kumara Dissanayake.
Meanwhile, Petroleum Dealers’ Association officials have called for an early solution to the supply issue. Association Chairman D.V. Shantha Silva said queues had been reported at many filling stations, mainly those operated by private distributors.
He said the situation was not due to an overall shortage of fuel, but was linked to reduced orders by Lanka IOC, Sinopec and R.M. Parks amid concerns over losses incurred on fuel sales.
The Ceylon Petroleum Private Tanker Owners Association has urged motorists to refrain from panic buying, saying there was no nationwide disruption to fuel supplies.
The government earlier increased fuel prices and introduced a per-litre diesel subsidy following concerns raised by distributors over rising international prices.
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