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Fostering Collaboration and Unity: Sri Lanka Pakistan Business Council’s Diplomatic Outreach

The Sri Lanka Pakistan Business Council of The Ceylon Chamber of Commerce recently paid acourtesy call on the newly appointed High Commissioner of Pakistan in Sri Lanka, Major General (R)…

Debt-for-nature swaps could give $100 billion boost to climate fight, says report

(Reuters) – Debt-for-nature swaps, where poorer countries have debt written off in return for protecting ecosystems such as barrier reefs or rainforests, could provide $100 billion for the fight against…

U.S. Embassy in Sri Lanka to Host Youth Forum Leadership Summit 2024: Empowering Young Leaders Across South Asia

The Youth Forum Leadership Summit 2024 organized by the U.S. Embassy in Sri Lanka will be held March 4 to 7 in Colombo.  The eagerly anticipated Youth Forum Leadership Summit is…

Russia is re-emerging in South Asia

By Aleksei Zakharov  Forced by the unprecedented isolation from the West, Russia has embarked on a course of outreach to the global South. South Asia is a region where Moscow…

Alibaba’s South Asian E-Commerce Giant Daraz Announces Layoffs in Memo

 Alibaba-owned e-commerce platform Daraz Group has announced layoffs across the group to “adopt a more streamlined and agile structure”, acting Chief Executive Officer James Dong said on Tuesday in an…

IFC Appoints Imad N. Fakhoury as Regional Director for South Asia

IFC, a member of the World Bank Group, has appointed Imad N. Fakhoury as Regional Director for South Asia. Based in New Delhi, Fakhoury will spearhead IFC’s strategy and operations, while…

Sri Lanka’s August consumer inflation eases to 2.1%

(Reuters) – Sri Lanka’s consumer price inflation rate eased to 2.1% year-on-year in August from 4.6% in July, helped by falling food prices, the statistics department said on Thursday. The…

India hands over INR 450 million for Sri Lanka’s Unique Digital Identity project

Indian High Commissioner handed over a cheque of 450 million for the Sri Lanka Unique Digital Identity (SL-UDI) Project.  High Commission of India in Colombo, Sri Lanka twitted, “High Commissioner…

Abu-Dhabi based low-Cost Carrier Air Arabia clears to operate to Sri Lanka

The low-Cost Airliner (LCA) will operate scheduled direct flights to Colombo, qualifying itself with the Sri Lanka Civil Aviation technical and operational requirements and meeting with international safety standards, Passenger…

World Bank set to approve $700 mln for Sri Lanka next week -sources

(Reuters) – The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters,…