Colombo, June 23 (newsin.asia) – Sri Lankan Prime Minister Ranil Wickremesinghe has assured of rapid development in the next 18 months as the government aims to strengthen local entrepreneurs, local media reported Saturday. Speaking at the launch of ‘Enterprise Sri Lanka’, Wickremesinghe said the country would look at expanding economic opportunities by strengthening local businesses […]
Colombo, June 23 (newsin.asia) – The Sri Lankan Police on Saturday said it had launched an investigation into the killing of a rare leopard by a group of villagers in Killinochchi, in northern Sri Lanka, earlier this week, and would soon arrest the perpetrators. Police Spokesperson, SP Ruwan Gunasekara told newsin.asia the Killinochchi Magistrate’s Court had […]
Hundreds of people participated in the International Yoga Day event here on Saturday with Sri Lankan President Maithripala Sirisena as the Chief Guest. People from all walks of life performed various Yoga asanas under the direction of the Sri Lankan yoga exponent Vyasa. The two- hour long program concluded with a unique synthesis of Kathak dance from India and Kandyan dance of Sri Lanka to signify the deep cultural bond between the two neighbors.
by Zhu Ruiqing, Jamila Najmuddin Colombo, June 22 (Xinhua) — For those who hear its name for the first time, “Ministry of Crab” sounds like a government department. Located in the 400-year-old Dutch Hospital Shopping Precinct in Sri Lanka’s capital Colombo, the “ministry” is actually one of the most renowned restaurants in the island country. […]
Colombo, June 22 (newsin.asia) – The International Monetary Fund (IMF) on Friday said raising Sri Lanka’s female labor force participation can boost the island’s economic growth in the long run. The IMF’s executive board said in its latest assessment of its program with Sri Lanka that the island could raise GDP by as much as 20 percent […]
Colombo, June 22 (Daily FT) – As China Merchant Port Holdings Ltd. (CM Port) completes the final tranche of payment for the Hambantota Port joint venture, the public-private partnership is now aiming to attract as much as $ 500 million worth of investments to set up plants inside the port as well as general operation […]
Colombo, June 21 (newsin.asia) – Sri Lanka, on Thursday said it will expand its aviation sector by allowing five new companies to operate internal flights in the island country. Cabinet Spokesperson, Gayantha Karunathilleke said that following a proposal made by Prime Minister Ranil Wickremesinghe and Transport Minister Nimal Siripala De Silva, the Cabinet of Ministers […]
The Subcommittee on Africa, Global Health, Global Human Rights, and International Organizations of the US Congressional Committee on Foreign Affairs on Wednesday heard damaging evidence on “Human Rights Concerns in Sri Lanka,” says Richard J Rogers of the Sri Lanka Monitoring Accountability Panel (MAP).
The Sri Lankan Tamil issue, which has been the subject of very aggressive US-backed resolutions in the UN Human Rights Council (UHRC) against Lankan regimes since 2009, will not be swept under the carpet in the international arena because the US has quit the UNHRC, observers here feel. Former Lankan Ambassador in Geneva and now Ambassador designate to Russia, Dr.Dayan Jayatilleka, said that the exit of the US from the UNHRC does not mean that the US will not play a role in shaping events in the council.“The US had inspired resolutions against Sri Lanka even when it was not part of the 47-member body. The US got the British to engineer a resolution against Sri Lanka when it was not itself a member,” Jayatilleka recalled.
The final tranche of US$ 584 million which China had to pay for taking the Hambantota Port on lease for 99 years was released by the China Merchant Port Holdings Limited (CM Port) on Wednesday. The cheque for the said amount was handed over to the Chairman of Sri Lanka Ports Authority (SLPA), Dr.Parakrama Dissanayake, by the Chief Representative of China Merchant Group in Sri Lanka, Ray Ren in the presence of senior port officials and representatives of CM Port. This third final tranche amounting to US$ 584,194,800 follows the first and second tranches released in December last year and January 2018. The amounts were US$ 292 million and US $ 97 million respectively. With this payment CM Port fulfills the US $ 976 million investment value of the port in terms of the Concession Agreement.