UNESCO says Indian coal fired power plant in Bangladesh won’t damage Sundarbans forest

UNESCO says Indian coal fired power plant in Bangladesh won’t damage Sundarbans forest

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...

Bangladesh offers Lanka help in disaster preparedness and rice cultivation

Bangladesh offers Lanka help in disaster preparedness and rice cultivation

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...

Sri Lanka to immediately import rice to meet rice shortage

Sri Lanka to immediately import rice to meet rice shortage

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...

Indian govt’s top economic adviser to attend Sri Lanka Economic Summit

Indian govt’s top economic adviser to attend Sri Lanka Economic Summit

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...

Sri Lanka rupee seen falling further this year

Sri Lanka rupee seen falling further this year

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...

Sri Lanka signs agreement with IFAD to strengthen rural household

Sri Lanka signs agreement with IFAD to strengthen rural household

Colombo, July 4 (newsin.asia) - The International Fund for Agricultural Development (IFAD) and the Sri Lankan government have signed a 33.7 million dollar financing agreement that will help 57,500 rural households in Sri Lanka, a Foreign Ministry statement said here Tuesday. The agreement will increase the families' incomes and food security by expanding livelihood and business opportunities in agriculture. The agreement was...

Sri Lanka’s ‘Ceylon Tea’ receives favorable flavor in Africa

Sri Lanka’s ‘Ceylon Tea’ receives favorable flavor in Africa

Colombo, July 3 (newsin.asia) - The Sri Lankan Foreign Ministry, on Monday said it hoped to promote the island's popular 'Ceylon Tea' in Africa with local tea companies participating in the annual South African International Trade Exhibition (SAITEX). The SAITEX is considered Africa’s largest international products sourcing exhibition that is held annually. The Foreign Ministry in a statement here said the...

Emirates double deck A380 to begin weekly flights to Colombo

Emirates double deck A380 to begin weekly flights to Colombo

Colombo, June 29 (newsin.asia) - For the first time in Sri Lanka’s aviation history, Emirates will launch its double-deck Airbus A380 aircraft on flights to Colombo commencing Aug 14, state media reported here Thursday. An official from Ministry of Transport and Civil Aviation said the flight would fly to Colombo once a week and it would operate with a stopover...

Despite Trump-Modi bonhomie, Indo-US economic relations remain in the doldrums

Despite Trump-Modi bonhomie, Indo-US economic relations remain in the doldrums

Colombo, June 27: Despite words signifying undying friendship and bear hugs, which marked President Donald Trump’s interaction with Indian Prime Minister Narendra Modi in Washington on Monday, economic relations between the United States and India seem destined to remain in the doldrums indefinitely, writes P.K.Balachandran in www.lankabusinessline.com While there was a strong understanding on cooperation to tackle terrorism and on...

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