Reuters – Crisis-hit Sri Lanka will make a presentation to its international creditors on Friday, laying out the full extent of its economic troubles and plans for a debt restructuring and multi-billion dollar International Monetary Fund bailout. Years of economic mismanagement combined with the COVID-19 pandemic have left Sri Lanka in its worst economic crisis…
TikTok expands its suite of creation tools as they continue to foster authentic and real-time connections TikTok Now is a daily photo and video experience for users to share their most authentic moments with the people who matter the most As the home for creating engaging content and discovering new and exciting communities, today TikTok…
The Secretary General of Parliament Mr. Dhammika Dasanayake said (15) that steps will be taken to establish a separate budget office in Parliament to monitor the financial affairs by directly obtaining accurate information related to the government’s financial control including income and expenditure. The Secretary General said this at a special public outreach program jointly…
Further expanding its footprint in the fast-growing food and beverage business, Softlogic Holdings Group has taken over the global brand Subway’s franchise in Sri Lanka. The move is via diversified blue chip’s fully owned subsidiary Softlogic Restaurants Ltd. It has entered into a joint venture and management agreement last week for the development and operation…
Building on the USAID Administrator Samantha Powers’s recent visit, US Ambassador to Sri Lanka Julie Chung announced today that the United States, through USAID, will provide an additional estimated $65 million (more than 23 billion Sri Lankan rupees) in assistance to Sri Lanka over a five-year period. The assistance falls under the Development Objectives Assistance…
Gautam Adani’s wealth surged to make him the second richest man in the world, led by a sharp rally in the Adani Group stocks. Adani Group’s Chairperson and Indian billionare Gautam Adani surpassed Amazon’s Jeff Bezos to become the world’s second richest person. He is now only behind Tesla CEO Elon Musk, who remains the world’s richest man with…
Due to a computer system breakdown, services of the Verification and Attestation units of the Consular Affairs Division of the Ministry of Foreign Affairs, Colombo 01 and its Regional Offices in Jaffna, Trincomalee, Matara, Kandy, Kurunegala, will be suspended until further notice. The system repairs are underway and the public will be notified once the…
The Albatross Golf Resort Digana, Kandy by The Clarks is in close proximity to a 18 hole Golf Course with breathtaking views of the hills and the Victoria reservoir The Clarks Hotels and Resorts strengthens its footprints in Sri Lanka by opening The Albatross Golf Resort in Kandy. They are aiming to promote the country…
Sets itself the ambitious mission of raising USD 1.5 million in 90 days to secure the futures of 100,000 children in need In Sri Lanka today, many families are struggling to provide the basic needs of their children and committing their limited resources for educational expenses is becoming increasingly difficult. According to a recent needs assessment…
FAO Representative for Sri Lanka and the Maldives, Vimlendra Sharan and the Secretary to the Ministry of Agriculture, Rohana Pushpakumara, in the presence of the Hon. Minister for Agriculture, Mahinda Amaraweera, signed a Memorandum of Understanding (MoU) today regarding the beneficiary selection and distribution of fertilizer to paddy farmers in Sri Lanka. As the Food…
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