Sri Lankan cabinet forms committee to go into deal with China on Hambantota port

Sri Lankan cabinet forms committee to go into deal with China on Hambantota port

By P.K.Balachandran Colombo, March 22 (The New Indian Express): The Sri Lankan cabinet has formed a six-man committee of ministers to go into the government’s latest proposal on the distribution of shares in the Sino-Sri Lankan joint venture to be formed to run the deep water port at Hambantota. The State Minister of International Trade, […]

Sri Lankan govt proposes to cut Chinese stake in Hambantota port from 80% to 60%

Sri Lankan govt proposes to cut Chinese stake in Hambantota port from 80% to 60%

Colombo, March 18 (newsin.asia): The Sri Lankan government proposes to cut China’s stake in the Hambantota port   from 80% to 60%, well placed sources said here on Saturday. The watering down has been made upon the insistence of the Ports Minister Arjuna Ranatunga, who has been campaigning against the Framework Agreement which gives the China […]

International military cum diplomatic pressure made Somali pirates release ship and crew

International military cum diplomatic pressure made Somali pirates release ship and crew

Colombo, March 17 (newsin.asia): International military cum diplomatic pressure forced Somali pirates to release the oil tanker Aris 13 and its eight-man Sri Lankan crew without ransom and without injuring them in any way, the Sri Lankan Deputy Foreign Minister, Dr.Harsha de Silva, told the media here on Friday. Dr.de Silva thanked the US Ambassador […]

High level European delegation to arrive in Sri Lanka to strengthen economic cooperation

High level European delegation to arrive in Sri Lanka to strengthen economic cooperation

Colombo, March 14 (NIA) – A high level delegation from the European Investment Bank (EIB) will visit Colombo at the end of this month to explore further avenues of economic cooperation between the EU and Sri Lanka. Sri Lanka has sought to increase bilateral trade and investments from the European Union with the enhanced opportunities expected following […]

India lifts ban on cash withdrawals

India lifts ban on cash withdrawals

New Delhi, March 13 – The restrictions placed on cash withdrawals from bank accounts after Centre’s demonetisation drive on November 8, 2016 was completely removed on Monday. The Reserve Bank of India had announced last month that the all caps on cash withdrawals would end on March 13, India TV reported. The limits were imposed after Prime Minister […]

Sri Lankan government to have veto on military use of Chinese-run Hambantota port

Sri Lankan government to have veto on military use of Chinese-run Hambantota port

P.K.Balachandran/www.bdnews24.com Colombo, March 12: A draft Sino-Sri Lankan agreement on the controversial Hambantota port says that the Sri Lankan government has the sole right to decide whether or not, at any given point of time, the port can be used for a military purpose. The port is to be run by a joint venture company […]

Washing machine which does away with the most stubborn curry stains

Washing machine which does away with the most stubborn curry stains

New Delhi March 11 (BBC): A washing machine has been launched for the Indian market, with a special mode to tackle curry and hair oil stains. Panasonic said the introduction of a ‘curry’ button followed complaints from customers struggling to fully get the food off their clothes. It says development took two years, testing combinations of […]

Crocodile skin export could rake in millions for Bangladesh

Crocodile skin export could rake in millions for Bangladesh

Dhaka, March 11 (The Daily Star): Crocodile skin has emerged as a dollar earner for Bangladesh due to high demand in some Asian and European countries. The country’s first crocodile farm, Reptiles Farm Ltd, located in Mymensingh district, exported skins of 200 crocodiles to Japan and earned around $1,06,000 in December last year. Established in Hatiber […]

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