There’s a historical basis for re-connecting the divided Bay of Bengal region

There’s a historical basis for re-connecting the divided Bay of Bengal region

Dhaka, April 11 (www.bdnews24.com): The Bay of Bengal region, comprising Bangladesh, Bhutan, India, Nepal, Sri Lanka, Myanmar and Thailand, was once connected closely through trade, religious and cultural ties. But these were torn asunder by sweeping political changes in the region and beyond with the advent of European dominance. However despite persistent conflicts between the countries of the region, all...

Signing of Sino-Lankan agreement on Hambantota port put off indefinitely

Signing of Sino-Lankan agreement on Hambantota port put off indefinitely

Colombo, April 2 (newsin.asia): The signing of a Sino-Sri Lankan agreement on the Hambantota port, which was take place between April 7 and 8, has been put off indefinitely apparently because of the continuing controversies in Sri Lanka over the draft agreement, informed sources said. Nevertheless, an 80-member high level business delegation headed by Yu Zhengsheng, Chairman of the Chinese...

Sri Lanka to build two luxury hotels at Katunayake Airport

Sri Lanka to build two luxury hotels at Katunayake Airport

Colombo, March 30 - Sri Lanka’s cabinet is expected to approve a proposal to lease out two blocks of land at the Katunayake International Airport to build two star-class hotels. At the cabinet meeting held 10th May 2016, it was decided to call for proposals to select suitable investors for the construction and maintaining of two luxury hotels with a minimum...

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 the Commission recommendation to restore...

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 Narendra Modi announced the decision...

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