The New Wings activists take part in a silent protest demanding justice of the 2019 Easter Sunday suicide attack, in Colombo on April 20, 2024. | Photo Credit: AFP Sri Lanka marks on April 21 five years since Islamist bombers slaughtered 279 people in the island’s deadliest suicide attack, but grieving families say they are … Read more
The International Monetary Fund (IMF) logo. File. | Photo Credit: Reuters The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on April 18. “We hope an agreement consistent with the parameters of … Read more
A view of Katchatheevu in Sri Lanka. | Photo Credit: L. BALACHANDAR The statements coming out of India on “reclaiming” Katchatheevu island from Sri Lanka have “no ground”, the Sri Lankan Minister of Fisheries Douglas Devananda has said. The senior Sri Lankan Tamil politician’s comments came days after the Narendra Modi government targeted the Congress … Read more
The World Bank raised its forecast for Sri Lanka’s economy on Tuesday, projecting growth of 2.2 per cent for 2024 as the crisis-hit nation makes a faster-than-expected recovery from its worst financial crisis in decades. Sri Lanka secured a $2.9 billion bailout from the International Monetary Fund (IMF) in March last year, helping it temper … Read more
New Delhi: A tiny island between India and Sri Lanka on Palk Straight has become the hot button issue ahead of the general election in Tamil Nadu, where the BJP is trying to find a toehold. The island of Katchatheevu, a disputed area, was given to Sri Lanka by the Congress government headed by late … Read more
Chinese President Xi Jinping and Maldivian President Mohamed Muizzu attend a welcome ceremony at the Great Hall of the People in Beijing, China January 10, 2024. | Photo Credit: Reuters A Chinese military delegation recently visited the Maldives, Sri Lanka and Nepal to discuss further cooperation in defence issues, Beijing said on Wednesday. Beijing is … Read more
Sri Lanka’s inflation is expected to return to the government’s 5% target starting from the last two quarters of the year, a Central Bank of Sri Lanka (CBSL) official said on Wednesday, as the economy stabilises from a crippling financial crisis. The economy has shown signs of recovery in recent months, aided by a $2.9 … Read more
Iran-Sri Lanka tea-crude oil barter agreement will likely affect India’s declining tea exports. Also read:Fall in export to Iran brews trouble for Indian tea producers UPASI (United Planters Association of Southern India ) sources said, the agreement between Iran and Sri Lanka is to procure orthodox leaves where the island nation is a major producer … Read more