Sri Lanka gets into more debt without any new projects

Sri Lanka gets into more debt without any new projects

Colombo, October 1 (NIA): Even as it is burdened with a total debt of US$ 69.7 billion, which is 75 percent of its GDP, Sri Lanka is getting into more debt, points out Wade Shepard in Forbes. Under President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe, who came to office at the beginning of 2015, domestic debt without starting any new large-scale...

New Zealand and Sri Lanka beef up diplomatic ties

New Zealand and Sri Lanka beef up diplomatic ties

New Zealand/Sri Lanka, Oct 1 (NIA) - New Zealand and Sri Lanka will establish high commissions in each other’s countries, the Prime Minister John Key says. Key was speaking at a joint news conference with his Sri Lankan counterpart, Ranil Wickremesinghe, in Auckland this morning. Mr Key said Mr Wickremsinghe’s visit to New Zealand - the first by a Sri...

Sri Lanka Freedom Party appeals to Wigneswaran not to activate extremists in North and South Sri Lanka

Sri Lanka Freedom Party appeals to Wigneswaran not to activate extremists in North and South Sri Lanka

Colombo, September 30 (NIA) Nimal Sripala de Silva, Senior Vice President of the ruing Sri Lanka Freedom Party (SLFP) and a cabinet minister, has appealed to the Northern Province Chief Minister C.V.Wigneswaran not to raise demands which will encourage Tamil extremists in the North and Sinhalese extremists in the South to come to the fore and stop the on-going post-war...

Sri Lanka regrets current situation is not conducive for SAARC summit

Sri Lanka regrets current situation is not conducive for SAARC summit

Colombo, September 30 (NIA): As one of the founding members of the South Asian Association for Regional Cooperation (SAARC), Sri Lanka on Friday regretted that the current security situation is not conducive to holding a summit. In a statement issued following the indefinite postponement of the Islamabad summit to be held in November, the Sri Lankan Foreign Ministry nevertheless said...

‘Sort your garbage’, Sri Lankan govt tells public

‘Sort your garbage’, Sri Lankan govt tells public

Colombo, Sept 29 (NIA) - Sri Lanka's Ministry of Local Government and Provincial Councils, on Thursday announced that all Municipal Councils islandwide had decided to refrain from collecting garbage unless they were segregated from Nov. 1. The agreement was reached following discussions held on Thursday morning between the Minister of Local Government and Provincial Councils, Faiszer Musthapha and all Municipal Commissioners. The Ministry further said that residential garbage must...

Sri Lanka slips down in global competitiveness index

Sri Lanka slips down in global competitiveness index

COLOMBO, Sept 28 (NIA) - Sri Lanka has fallen behind three notches in global competitiveness this year to rank 71st among 138 countries, the Global Competitiveness Report for 2016/2017 released by the Geneva-based World Economic Forum (WEF) said Wednesday. Sri Lanka, with a score of 4.19 out of 7 ranked 71st in the Global Competitiveness Index (GCI) this year dropping...

US, China express interest in debt stricken Sri Lankan Airlines

US, China express interest in debt stricken Sri Lankan Airlines

Colombo, Sept 28 (NIA) - Two global investment managers, US based BlackRock and TPG Capital, have shown interest in crisis-hit SriLankan Airlines which is looking for a partner, a minister said here on Wednesday. “BlackRock and TPG Capital, two global investment management firms are among the interested parties in addition to some Chinese airlines,” Malik Samarawickrama, Minister of International Trade...

India has set no time frame for signing Economic and Technical and Cooperation Agreement (ETCA) with Sri Lanka

India has set no time frame for signing Economic and Technical and Cooperation Agreement (ETCA) with Sri Lanka

Colombo, September 27 (NIA): India has not given a time frame for negotiating an Economic and Technical Cooperation Agreement (ETCA) with Sri Lanka, although the Sri Lankan government wants to sign the agreement by year end, the visiting Indian Commerce Minister Nirmala Sitharaman said here on Tuesday . Briefing the media after talks with Prime Minister Ranil Wickremesinghe, the Minister...

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