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Colombo, July 12: During the three-day visit of the Sri Lankan Prime Minister MaithripalaSirisena to Bangladesh beginning on Wednesday, Bangladesh will showcase its economic achievements and seek to step up bilateral trade and investment, the Bangladesh High Commissioner in Sri Lanka, Raiz Hamidullah, told P.K.Balachandran BDNews24. Ties between Sri Lanka and Bangladesh have thus far remained at a low level...
Colombo, July 12 (newsin.asia) - Sri Lanka will receive US 1,340 million dollars worth of financial and technical assistance from the World Bank Groups for a 3 year period starting July1, Sri Lanka's Finance Ministry said here in a statement on Wednesday. The financial assistance will be received under the IDA (International Development Association) Transitional Support Facility. Previously Sri Lanka received...
Colombo, July 11 (newsin.asia): In a significant step to curb bottom trawling by Indian fishermen in the shallow waters between North Sri Lanka and Tamil Nadu in South India, the Sri Lankan parliament last week amended the Fisheries and Aquatic Resources Act, No. 2 of 1996 to ban bottom trawling. While the ban is a progressive measure and a must...
New Delhi, July 11 (Reuter): India's Supreme Court suspended on Tuesday a government ban on the trade of cattle for slaughter, a boost for the multi-billion dollar beef and leather industries mostly run by members of the Muslim minority. Prime Minister Narendra Modi's Hindu nationalist government in May decreed that markets could only trade cattle for agricultural purposes, such as...
Colombo, July 11 (newsin.asia): Bangladesh will showcase the remarkable progress it has made in agriculture, especially rice cultivation under difficult conditions, when Sri Lankan President Maithripala Sirisena visits that country between July 13 and 15, the Bangladesh High Commissioner in Sri Lanka, Riaz Hamidullah, told Daily Mirror columnist P.K.Balachandran in an interview ahead of the Presidential visit. “President Sirisena will...
Dhaka, July 10 (BDNews24): UNESCO has allowed the construction of the India-aided 1320 MW coal fired power plant at Rampal in the Sundabans reserve forest in Bangladesh, on the grounds that it is satisfied with the environment protection measures that will be taken by the Bangladesh government, Tawfiq-e-Elahi Chowdhury, the Energy Advisor to Prime Minister Sheikh Hasina, said here on...
Colombo, July 9: Bangladesh will offer Sri Lanka help in a variety of economic areas, particularly disaster preparedness and rice cultivation, during the forthcoming visit of the Sri Lankan President Maithripala Sirisena, the Bangladesh High Commissioner in Sri Lanka, Riaz Hamidullah, said here on Friday. Speaking to P.K.Balachandran of South Asian Monitor the envoy said that twelve to 13 agreements are...
Colombo, July 7 (newsin.asia) - Sri Lanka will import 200,000 metric tonnes of rice immediately from Pakistan, Myanmar and India to meet a rice shortfall in its domestic market, a statement from the Ministry of Commerce and Industry said here Friday. A four member team from Sri Lanka will leave for Pakistan on Friday evening to pick rice varieties afterwhich the...
Colombo, July 5 (newsin.asia) - Chief Economic Adviser of the Indian government, Dr. Arvind Subramanian will attend a key Economic Summit in Sri Lanka this month which is hosted to discuss strengthening the island's economy a statement by the Ceylon Chamber of Commerce said Wednesday. Subramanian, a Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and Senior Fellow...
Colombo, July 4 - The Sri Lankan rupee is expected to fall further this year, steeper than last year, with a rising fuel import bill and heavy government borrowings, a new report by a stock brokerage said. Bartleet Religare Securities said the Central Bank will not protect the rupee at the cost of external reserves, which would effectively remove the...
