U.S. Bans Import of dogs from Sri Lanka and other countries
The United States is imposing a ban on the entry of dogs from Sri Lanka and several dozen other countries that have been identified as “high risk for importing dog…
Sri Lanka and IFAD partners to launch $42.7M project to reduce poverty and increase food security in the face of climate change
The International Fund for Agricultural Development (IFAD) together with the Government of Sri Lanka last week signed a financial agreement to launch the Smallholder Agribusiness and Resilience Project (SARP). The…
Sri Lanka Retailers’ appeals for cost-sharing from Business Partners amid current economic crisis
The Sri Lanka Retailers’ Association (SLRA), the apex body for organized retail in Sri Lanka is requesting landlords, lessors, and business partners to reduce leases and rentals for the Association’s…
Potential Russian Nuclear Power Plant In Sri Lanka Not On SPIEF Agenda
(UrduPoint News / Sputnik) The prospective plans for Russia to develop a nuclear power plant for Sri Lanka are not part of the agenda of this year’s St. Petersburg International Economic Forum (SPIEF), Sri Lankan State Minister of Money and…
Fitch Ratings Expects IMF Board to Approve Proposed SDR allocation in August
Fitch expects the new general special drawing rights (SDR) allocation to be approved by the IMF’s board of governors, likely in August. The move will raise foreign exchange reserves for…
Delhi-Colombo-Beijing triangle undergoes another shift
By Professor Harsh V Pant Chinese Defence Minister Gen. Wei Fenghe was in Sri Lanka last week seeking to shore up support for Chinese projects at a time when new…
New Investor to soon acquire Breadtalk’s Sri Lankan franchisee
RIL Properties PLC is progressing with negotiations with a potential investor to dispose of its entire stake in FoodBuzz (Private) Limited which owns franchise rights of BreadTalk in Sri Lanka. The…
Sri Lanka Declares Worst Economic Downturn in 73 years
(AFP) : Sri Lanka announced Friday that its economy shrank 3.6 percent last year due to the Covid-19 pandemic, making it the worst downturn since independence from Britain in 1948.…
Singapore to stop entry of visitors from Sri Lanka and two other SA countries
(PTI): Singapore will stop the entry or transit to visitors with recent travel history to Bangladesh, Nepal, Pakistan and Sri Lanka from May 2 following “deterioration” of coronavirus situation in…
Former US Ambassador to UN Samantha Power Secures Senate Vote to Become the New USAID Administrator
The Former United States (US) Ambassador to the United Nations (UN) Samantha Power was confirmed by United States Senate as the nineteenth Administrator of the United States Agency for International…