Sri Lanka to continue IMF bailout despite prior opposition
Sri Lanka’s new leftist government has agreed to proceed with the IMF’s controversial bailout program. Despite prior criticism, President Anura Kumara Dissanayake backed the plan,...
Sri Lanka
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Sri Lanka faces economic headwinds: December inflation soars to 4.2%
The statistics department released data in December that showed a significant increase in the consumer price inflation rate from 2.8% in November to 4.2% year-over-year. This indicates that Sri Lanka is facing more and more economic challenges.
Sri Lanka debt crisis: Japan presses for swift action on creditor agreements
The November agreement outlined a framework for restructuring $5.9 billion of Sri Lanka's public debt, with a mix of extended maturities and lower interest rates. However, the lack of a finalized MoU and lingering concerns about transparency in non-OCC creditor agreements continue to cast a shadow over the process.
India-Sri Lanka relations gain a positive momentum
Minister Sabry, in a post on X, highlighted the meeting with the newly appointed Indian High Commissioner and underscored the deep-rooted links between Sri Lanka and India.
Sri Lanka’s PM Extends Welcome to New Indian High Commissioner, Ensures Ongoing Collaboration
Mr Jha, who recently assumed his role as the High Commissioner of India to Sri Lanka, expressed his honour to be back in Colombo.
Sri Lanka’s tourism sees revival amidst challenges
Suranga Silva, a tourism economics professor, suggests leveraging Sri Lanka's uninhabited islands for exclusive, high-end tourism. Research identifies 87 such islands, presenting an opportunity for development into luxury resorts, bird sanctuaries, and scenic attractions.
Sri Lanka Anticipates Second Review Of $2.9 Billion IMF Bailout In Early 2024
The IMF's executive board approved the first review on Tuesday, injecting approximately $337 million into Sri Lanka's struggling economy.
Sri Lankan Entrepreneurs Unite To Fundraise For War-Ravaged Gaza
The raised funds in Sri Lanka will be directed towards supplying hot meals and winter jackets, focusing on displaced children. The event featured various contributions, such as a 14-year-old girl selling handmade bracelets in the colors of the Palestinian flag.
List Of Sri Lanka’s Prominent Tanks
This article examines Sri Lanka's prominent tanks, showcasing the country's formidable military capabilities of the T-55AM2, Type 80 and Type 88, The BMP-1, The BTR-80 and the WZ-551 tanks.
Top 5 Flourishing Industries In Sri Lanka
From the lush tea estates in the central highlands to the vibrant gemstone trade and the expansive coconut groves, these industries form the cornerstone of the nation's economic vitality, reflecting its rich history and natural abundance.
U.S. Investment In Sri Lankan Terminal Counters China’s Growing Influence
The upcoming Colombo West International Terminal is planned to have a length of 1.4 kilometers (approximately 0.16 miles) and a depth of 20 meters (about 66 feet), with a projected annual container capacity of 3.2 million units.
Protests Erupt Among Tamil Nadu Fishermen After Alleged Mid-Sea Attack by Sri Lankans
The attack occurred late Saturday night while the fishermen were at sea, resulting in the assailants seizing valuable items such as fishing nets, GPS devices, mobile phones, and a substantial catch.
Ircon International Inks Contract Agreement with Sri Lanka Railways for Signalling and Telecom Systems Worth $14.89 Million
the National Stock Exchange of India Limited (NSE) and BSE Limited imposed fines of Rs 5,36,900 each on Ircon International for non-compliance with Regulation-17(1), pertaining to the independence of board members.
US Expresses Concerns Over Chinese Research Vessel’s Visit to Sri Lanka
The meeting between Nuland and Sabry took place in the United States, on the sidelines of the UN General Assembly session, although the exact date is not specified in the reports.