Minister of Foreign Affairs Ali Sabri said that President Ranil Wickremesinghe’s desire is to make the most of the development opportunities in the Indian Ocean region, which is the world’s largest emerging economic region. “Today, no country in the world can advance alone, and every developed country in the world has made progress through regional […]

Minister of Foreign Affairs Ali Sabry says that President Ranil Wickremesinghe has discussed India s intervention for the progress of the plantation Tamil people who have been in Sri Lanka for about 200 years.

In response to a severe debt crisis, the Sri Lankan government is taking prompt action to address the situation. One of the key measures being taken is the expediting of Free Trade Agreement (FTA) negotiations with China. Alongside this, Sri Lanka has expressed a strong interest in joining the Regional Comprehensive Economic Partnership (RCEP), which […]

Sri Lanka has notified the Indian rupee as a designated currency, Indian External Affairs Ministry Spokesperson Arindam Bagchi said on Thursday (July 20). “In terms of trading in our national currencies, Sri Lanka has already notified India Rupee as designated foreign currency in their system,” Bachi said during a weekly media interaction in New Delhi. […]

 One of two dissenting govt. board members appointed new Chairman by Sanath Nanayakkare Rohan Fernando was removed from the post of Chairman of Sri Lanka Telecom yesterday. A few hours after his removal, Fernando called a press conference and said: “I called a meeting of the SLT Director Board at 9 am to discuss usual […]

The Spokesman for India s Ministry of External Affairs, Arindam Bagchi, has revealed India s willingness to further expand financial economic relations between Sri Lanka and India.

The All Share Price Index (ASPI) of the Colombo Stock Exchange surpassed 11,000 points today (July 20).

by Y P Prakash The Sri Lankan government, led by Power & Energy Minister Kanchana Wijesekara, has placed significant emphasis on regional energy integration and grid connectivity between Sri Lanka and India. The target for implementing this initiative is 2030. Discussions regarding regional energy integration have been ongoing for more than two decades, and the […]

Sri Lanka has received foreign grants amounting to EUR 9.8 mn meant to improve transparency and accountability in public finance expenditure. The EU disclosed the grant in a statement issued yesterday. According to the statement, the government, the World Bank, the European Union (EU) and Agence Française de Développement (AFD) have signed financing agreements to […]

Sri Lanka stands a strong chance of passing the first review of its $3 billion bailout given falling interest rates and a build-up of foreign reserves, according to the nation s representative on the International Monetary Fund executive board.

The Sectoral Oversight Committee on International Relations chaired by Member of  Parliament  Namal Rajapaksa  when it met recently in Parliament informed the Sri Lanka Tourism Development Authority (SLTDA) and the Sri Lanka Tourism Promotion Bureau (SLTPB) to carry out tourism promotion activities through the Sri Lankan Embassies/High Commissions located in foreign countries. The Committee furthe...

Wednesday 19th July, 2023 Sri Lanka’s public health sector is in the news always for the wrong reasons. Allegations that some Health Ministry panjandrums cut corrupt deals with foreign pharmaceutical companies and procure substandard medicinal drugs to enrich themselves have created quite a stir. Health Minister Keheliya Rambukwella, who is under fire for the rapid […]

Many readers would have been flabbergasted when they read the news of the plan to relocate the Presidential Palace, Temple Trees, the Prime Minister’s Office and the Presidential Secretariat to Sri Jayawardenepura, Kotte from their present locations in Colombo. The Minister of Urban Development has stated that the money for this relocation will be allocated […]

Targeted opening of Cinnamon Life Hotel and Mall expected to bode well for JKH Leisure business By Sanath Nanayakkare John Keells PLC is expected to recover from some of of its downbeat numbers with the overall pickup in the economy, according to a Review issued by First Capital Research, based on information in the public […]

Sri Lanka born international economist Dr. Howard Nicholas of Erasmus University, Netherlands has categorically stated that Sri Lanka must not adopt the IMF recommendations on monetary policy for it has no rational basis and evidence of success anywhere in the world. Coming from a Western based economist that provides a lot of food for thought […]

At the invitation of Indian Prime Minister Shri Narendra Modi, Sri Lankan President Ranil Wickremesinghe is scheduled to leave for India on an official visit from 20 Â 21 July, the foreign ministries of the two nations confirmed on Tuesday.