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Latest Articles in sri lanka

Crisis-hit Sri Lanka Seeks $55 Mn Loan From India To Buy fertiliser

The Cabinet has approved a proposal by the Prime Minister to sign an agreement with India to purchase urea for agriculture, an official said

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India Emerges As Sri Lanka's Top Inbound Tourist Market In May

As many as 5,562 tourists from India visited Sri Lanka in May followed by 3,723 from the UK

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Sri Lanka Grants 40-year Tax Relief For China-backed Port City Investments

A total of 269 hectares of land was reclaimed by China Harbour Engineering Company (CHEC) in the Port City project which raised concerns over a 20-hectare outright grant to the Chinese firm and a no-fly zone

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Sri Lanka Cabinet To Discuss 21st Amendment To Empower Parliament

The SJB has accused the government of watering down the amendment to allow president Gotabaya Rajapaksa to continue enjoying full powers

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World Bank To Provide Financial Assistance To Lanka For Fertiliser Supplies

Sri Lanka's annual fertiliser imports cost USD 400 million. Farmers across the country have protested against fertiliser shortages, saying they are being forced to abandon their farmlands

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India Sends 40,000 MT Of Diesel To Sri Lanka Again

India and Sri Lanka signed a USD 500 million Line of Credit Agreement for the purchase of petroleum products on February 2, 2022

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Former Lankan PM Rajapaksa Questioned By CID Over May 9 Violence

The mob destroyed several tents and other structures erected at Galle Face and also attacked some of the demonstrators

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World Bank Rules Out New Loan Commitments To Sri Lanka

Sri Lanka has suspended repayment of about USD 7 billion in foreign loans due this year out of USD 25 billion to be repaid by 2026. The country's total foreign debt is USD 51 billion

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Sri Lanka Hikes Fuel Prices; Petrol At All-Time High Of Rs 420 Per Litre

Sri Lanka raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country's worst economic crisis due to the shortage of foreign exchange reserves

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India, Japan To Provide Relief Supplies Worth Millions To Sri Lanka

Prime Minister Ranil Wickremesinghe announced this week that Sri Lanka would be facing a severe food shortage

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Ship With Relief Materials From India For Lanka To Reach Colombo On Sunday

Chief Minister Stalin flagged off the cargo carrying the relief, from the Chennai Port, in the presence of his cabinet colleagues and senior officials

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Sri Lanka Welcomes G7 Announcement In Securing Debt Relief: Wickremesinghe

In this challenging time, the Group of Seven (G7) nations have announced that they will assist Sri Lanka in securing debt relief

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Fitch Downgrades Sri Lanka's Debt Rating To "Restrictive Default"

The downgrade came when the Central Bank governor P Nandalal Weerasinghe conceded on Thursday that Sri Lanka wouldn't be able to pay back its debts until it restructures them

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RBI Allows Settlement Of Trade Transactions With Sri Lanka In Indian Rupee

In March, the government had guaranteed a term loan of USD 1 billion extended by the State Bank of India (SBI) to Sri Lanka for financing the purchase of essential goods by the island nation from India

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No Shoot-on-sight Orders Given During Violence: Lankan PM

He said that while properties belonging to some members of Parliaments had been attacked last week, a shoot-on-sight order was not issued

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