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Thailand sees shortcut to Belt and Road with Sri Lanka trade deal

Thailand sees shortcut to Belt and Road with Sri Lanka trade deal

Thailand sees a planned trade deal with Sri Lanka as an opportunity to tap into China’s signature Belt and Road Initiative while hedging against fallout from the escalating global trade…

Nelson Mandela, a remarkable leader- President

Nelson Mandela, a remarkable leader- President

President Maithripala Sirisena while calling on world leaders to follow in the path of anti-apartheid revolutionary and statesman Nelson Mandela yesterday said that his life teaches the world many lessons…

Sri Lanka has to improve budgets, keep flexible exchange rate: IMF rep

Sri Lanka has to improve budgets, keep flexible exchange rate: IMF rep

Sri Lanka has to keep on a path of reducing budget deficits, broaden revenues keep the exchange rate flexible to conserve forex reserves and move towards inflation targeting, an International…

Millennium Challenge Corporation official visits Sri Lanka

Millennium Challenge Corporation official visits Sri Lanka

A delegation from the U.S. Government’s Millennium Challenge Corporation (MCC), led by Chief Operating Officer, Jonathan Nash, visited Sri Lanka this week, to continue progress on the proposed MCC Compact…

Climate change to erode Sri Lanka living standards, slow growth: World Bank

Climate change to erode Sri Lanka living standards, slow growth: World Bank

Climate change could decrease Sri Lankan living standards around 4.9 to 7 percent by 2050 and wipe out up to 50 billion dollars in gross domestic product (GDP), a new…

India, Sri Lanka urged to be more open; new trade deal expected in December

India, Sri Lanka urged to be more open; new trade deal expected in December

India and Sri Lanka are likely to sign a new trade deal by December and both countries should be more open in order to improve competitiveness and attract foreign direct…

Indian grant for 5,000 tonne cold storage in Sri Lanka

Indian grant for 5,000 tonne cold storage in Sri Lanka

India Monday signed an agreement with Sri Lanka to grant 300 million rupees to build a 5,000-metric ton temperature controlled warehouse to reduce post-harvest losses and price swings in agriculture.…

Cygnett to enter Dhaka, Colombo

Cygnett to enter Dhaka, Colombo

Gurugram-based Cygnett Hotels & Resorts is planning to set up hotels in Bangladesh and Sri Lanka soon, said a top official. “Having established our presence in northern and western parts…

China-built Sri Lanka ‘Port City’ aims to lure Indian investors

China-built Sri Lanka ‘Port City’ aims to lure Indian investors

A ‘Port City’ reclamation project funded by China next to Sri Lanka’s Colombo port to build a financial centre aims to attract investors from the region, especially Indians and expatriates…

World Bank commits US$ 200 million to elevate Sri Lanka’s public health services

World Bank commits US$ 200 million to elevate Sri Lanka’s public health services

The World Bank has committed US$ 200 million to upgrade the standards of performance of Sri Lanka’s public health system under the Second Health Sector Development Project for Sri Lanka.…