Sri Lanka “a most valued partner” in India’s ‘Neighborhood First policy’ affirms Envoy

Sri Lanka “a most valued partner” in India’s ‘Neighborhood First policy’ affirms Envoy

Colombo, August 119 (newsin.asia): The Indian High Commissioner in Sri Lanka, Taranjit Singh Sandhu, has said that Sri Lanka is “one of the most valued partners” in Prime Minister Narendra Modi’s “Neighborhood First” policy. “The verse from Panchatantra, Vasudhaiva Kutumbakam (the whole world is a family), engraved at the entrance of the Indian Parliament, encapsulates all that India stands for,...

India’s “Act East” policy rests on forging closer links with ASEAN

India’s “Act East” policy rests on forging closer links with ASEAN

Given its seemingly intractable problems with neighbors Pakistan and China, India has been reaching out to friendlier countries beyond the region, both to its West and the East. writes P.K.Balachandran in DailyFT. In the East, its key partners are Japan and the Association of South East Asian Nations (ASEAN), comprising Indonesia, Malaysia, Philippines, Thailand, Brunei, Cambodia, Laos, Myanmar and Vietnam....

Sri Lanka may soon promote Ceylon Tea at London’s luxurious Harrods store

Sri Lanka may soon promote Ceylon Tea at London’s luxurious Harrods store

Colombo, Aug 13 - Sri Lanka is considering a proposal from Harrods, the luxury department store in London, for an in-store promotion of Ceylon tea as the island looks to break into the luxury market, Jeevani Siriwardene, director-general of Sri Lanka's Export Development Board (EDB) said here recently. Speaking at the Colombo International Tea Convention to mark 150 years of Ceylon tea, Siriwardena,...

Long way to go for gender equality in Sri Lanka despite early start

Long way to go for gender equality in Sri Lanka despite early start

Sri Lanka has led the way to female liberation or gender equality in Asia in important ways, and has had an early start in comparison with other South Asian countries. Yet, gender equality remains a distant dream for the majority of its women, writes P.K.Balachandran in DailyFT. With economic development, spread of higher education, and a rise in awareness through...

Bank of China to open its first Sri Lankan branch in Port City

Bank of China to open its first Sri Lankan branch in Port City

By Jamila Husain Colombo, Aug 10 (newsin.asia) - Bank of China, one of the biggest state owned commercial banks in China will open its first branch in Colombo this year in the presently constructed 1.4 billion dollar Port City, China's Ambassador to Sri Lanka, Yi Xianliang said. The Bank would bring in an initial capital of 80 million dollars which...

Sri Lankan Foreign Minister resigns before facing No Trust Motion

Sri Lankan Foreign Minister resigns before facing No Trust Motion

Colombo, August 10 (newsin.asia): The Sri Lankan Foreign Minister Ravi Karunanayake resigned on Thursday before facing a No Confident Motion against him submitted by the Joint Opposition Group for his alleged involvement in the 2015 Central Bank bond scam. Karunanayake made a Special Statement in parliament and then resigned from his post. In the statement he said that he is...

China enlarges its footprint in South Asia

China enlarges its footprint in South Asia

China is increasing its footprint throughout South Asia, with global power United States under Donald Trump becoming inward looking, and regional power India being hamstrung by financial constraints and bilateral political issues bedeviling relations with its South Asian neighbors, writes P.k.Balachandran in Daily Mirror. Technically, the Sino-Lankan Concessional Agreement of July 29 over the funding and management of the US$1.4...

Arms industries in India, China and Pakistan need to modernize to be competitive

Arms industries in India, China and Pakistan need to modernize to be competitive

India, China and Pakistan have indigenous arms industries in order to sustain their independence and assert their power in the region and beyond, but they, China included, lag behind the West in terms of organizational structure and technology, writes P.K.Balachandran in www.southasianmonitor.com. Indeed, all three countries have come a long way from total dependence on friendly foreign suppliers to meeting...

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