Sri Lanka bows to Chinese pressure, pays $6.8M for substandard fertilizer

Sri Lanka paid a Chinese company $6.8 million despite rejecting its shipment of organic fertiliser as substandard, officials said Saturday, even though Colombo is in the throes of a foreign exchange crisis. The state-run People’s Bank of Sri Lanka said it paid Qingdao Seawin Biotech Group $6.87 million in connection with an out-of-court settlement over […]

Bentley smuggling foiled

MANILA — Bureau of Customs (BOC) officials on Thursday inspected misdeclared goods worth P12.1 million that were intercepted at the Manila International Container Port (MICP).