Freshly minted Sino-Lankan agreement on Hambantota port to be put to parliament on Friday

Freshly minted Sino-Lankan agreement on Hambantota port to be put to parliament on Friday

Colombo, July 25 (newsin.asia): A freshly minted Sino-Sri Lankan agreement on the controversial Hambantota port will be submitted to the Sri Lankan parliament for a debate on Friday to secure political legitimacy for it, said the Minister of Ports, Mahinda Samarasinghe at a press briefing here on Tuesday. As per the new “Concessional Agreement” the Sri Lankan government via the Sri...

IMF warns Sri Lanka to tighten monetary policy if inflation, credit growth does not abate

IMF predicts Sri Lanka’s economy will accelerate in 2018

Colombo, July 25 - The International Monetary Fund (IMF) forecasts Sri Lankan economy to rebound in 2017 and accelerate in 2018, despite the lower than expected 3.8 percent GDP growth registered in the first quarter of 2017. The IMF has attributed the slow growth at the early part of the year to the lingering effect of drought which significantly contracted...

China goes in for radical economic and military reform

China goes in for radical economic and military reform

As war clouds gather over the Sino-Bhutan border where China’s real adversary is nuclear-armed India, China has announced its intention to thoroughly overhaul its military and economic structure and philosophy to meet challenges of the emerging world order, writes P.K.Balachandran in DailyFT. The idea is to make China’s economy and military meet needs arising from its expanding global interests as...

Travel goods from Sri Lanka to get duty free entry to US

Travel goods from Sri Lanka to get duty free entry to US

Colombo, July 21 (newsin.asia) - Export of travel goods from Sri Lanka will get duty free entry to the United States following a decision by the US to approve the inclusion of travel goods from all GSP (General System of Preferences) beneficiary countries, the Foreign Ministry said here Friday in a statement. The move would enable the duty-free entry of...

MOUs between Bangladesh and Sri Lanka need to be more than wish lists

MOUs between Bangladesh and Sri Lanka need to be more than wish lists

By Frances Bulathsinghala/www.southasianmonitor.com Colombo, July 19: Over two months after inking a Memorandum of Understanding (MoU) with its immediate neighbour India on cooperation in economic projects, Sri Lanka has now turned its attention on Bangladesh. Following his first State visit to Bangladesh after being elected in 2015, Lankan President Maithripala Sirisena by signing fourteen MoUs in diverse sectors last week,...

China records the strongest growth in tourist arrivals to Sri Lanka in 2016

Sri Lanka to host mega Tourism Leaders Summit in October

Colombo, July 19 (newsin.asia) - Sri Lanka will host a tourism leader's Summit in October in order to strengthen its position in the global tourism sector, Tourism Minister, John Amaratunga said here Wednesday. Speaking at a media briefing in capital Colombo, Amaratunga said this year’s Tourism Leaders’ Summit and International Research Symposium will be held on the theme ‘Sustainable Tourism for...

Pakistani court quashes ban on Indian teledramas

Pakistani court quashes ban on Indian teledramas

Lahore July 18 (Express Tribune): Noting that “the world has become a global village”, the Lahore High Court (LHC) lifted on Tuesday a ban on the airing of Indian drama serials imposed by the broadcast media watchdog last year. Chief Justice Syed Mansoor Ali Shah passed the order after hearing arguments on a petition filed by a local media company praying...

Three years into Modi government, economic outlook is still cloudy

Three years into Modi government, economic outlook is still cloudy

By R.Jagannathan/Times of India New Delhi, July 17 (Times of India): There is an important parallel in the challenges faced by Atal Bihari Vajpayee’s government two years before the General Election and Narendra Modi’s. In both cases, growth has been sluggish, though formal growth numbers on Modi’s watch have been higher, possibly due to a change in the methodology of...

Sirisena’s visit to Bangladesh: Implementation of MOUs will be litmus test of success

Sirisena’s visit to Bangladesh: Implementation of MOUs will be litmus test of success

Colombo, July 16: Sri Lanka and Bangladesh have signed 13 MoUs and an agreement during the three-day visit of President Maithripala Sirisena which ended on Saturday. While the fields covered by the MoUs are wide, relevant and impressive, their real worth will be seen only in implementation, writes P.K.Balachandran in www.bdnews24.com Implementation is challenging because Sri Lanka’s record of implementation...

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