People’s Bank of Sri Lanka has been removed from the blacklist of the Economic and Commercial Office of the Embassy of People’s Republic of China. People’s Bank was blacklisted by the Economic and Commercial Office of the Chinese Embassy in Sri Lanka for failing to make the payment according to the Letter of Credit and the contracts between two parties. Following the payment to Qingdao Seawin Biotech Group in accordance with Letter of Credit terms and with the clearance from the courts, the People’s Bank has been removed from the blacklist.
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