Sri Lanka is reeling under last year s crushing economic meltdown and consequent political turmoil, but it is still a good time to invest in the cash-strapped island nation, according to Indian business leaders in capital Colombo.

The International Finance Corporation (IFC), the World Bank s investment arm, said it will provide Sri Lanka with a $400 million cross-currency swap facility to help fund essential imports.

Sri Lanka s tea production is expected to fully recover next year after last year s drop, the country s Environment Minister Naseer Ahamed said.

demands to know why UNP submitted nominations By Shamindra Ferdinando SJB mayoral candidate for the Colombo Municipal Council (CMC) Mujibur Rahuman yesterday denied President Ranil Wickremesinghe having asked him not to quit Parliament to contest the forthcoming local government polls. MP Rahuman resigned on 01 Jan.  The former Colombo District MP said so in response to […]

The Ministry of Power and Energy has sought expressions of interest (EOIs) for the establishment of a petroleum refinery and associated products processing centre in Hambantota. The Ministry has invited EOIs from eligible investors, consortiums or joint ventures to express their interest for the establishment of an export-oriented petroleum refinery and associated product processing centre […...

A retired Indian Ambassador (never posted to Sri Lanka) sent me these two quotations by Nehru. “My greatest challenge has been how to make a modern nation of a people steeped in religiosity” and at the tail end of his career he was asked, ‘What has been your greatest success?” He answered, “to have taught […]

Belarus and Sri Lanka have explored the possibilities of developing business contacts, BelTA learned from the National Centre for Marketing of Belarus, agency reports said. Representatives of the National Centre for Marketing held an introductory meeting with the Ceylon Chamber of Commerce (Sri Lanka). The parties have agreed on steps to raise awareness of companies […]

by Prof. R.P. Gunawardane A very interesting article, ‘Ceylon’s first university in memory and imagination’, by Ernest Macintyre in The Sunday Island of 12 February 2023 describing the life at University of Ceylon, Peradeniya Campus in fifties prompted me to write about the life at Peradeniya Campus in the next decade, the nineteen sixties. Macintyre […]

Colombo and Jaffna are likely to feel the effect of any powerful earthquake happening in the Himalayan range, as predicted by Indian geologists, geologist Prof Athula Senaratne said on Saturday. If India experiences a quake of magnitude 8, it would be felt in Colombo and Jaffna, Prof Senaratne told reporters. Two years ago, a quake […]

India, G20 president, will showcase its success in the digital economy and may offer conditional help to other countries to further advance their own digital economy and payments infrastructure, Business Standard has learnt. The host may also hold advanced discussions with G20 partners and multilateral institutions on reducing the sovereign indebtedness of poorer nations in […]

In a high-pressure game which saw nerves from both sides, South Africa fell short  by 19 runs. Truth be told, this was a game of high-intensity cricket, fitting of a grand finale. The pressure was immense, and Australia, more skilled and adept at handling big-match temperament – this was their seventh straight final – came […]

It isn’t often that bits of paper stuck to windows are worth quoting, but these are extraordinary times. “Sold out,” read the signs on the ticket booths at Newlands on Saturday afternoon – more than 24 hours before South Africa will take on Australia in the women’s T20 World Cup final. Cape Town isn’t a […]

In a bid to further facilitate investors through speedy approvals for investment projects, thereby easing the ease of doing business, the Board of Investment of Sri Lanka (BOI) will be granted more powers in future, Investment Promotion State Minister Dilum Amunugama stated.

The Chief of Naval Staff of Pakistan Navy, Admiral Muhammad Amjad Khan Niazi who is currently on an official visit to Sri Lanka, met with Commander of the Sri Lanka Navy, Vice Admiral Priyantha Perera at the Navy Headquarters yesterday (25 Feb.).