(Reuters) – Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the central bank governor told Reuters in an interview on Tuesday. The island nation aims to…
“On March 24, 2023, the U.S. District Court for the Southern District of New York denied Sri Lanka’s motion to dismiss the Amended Complaint in Hamilton Reserve Bank Ltd. v. The Democratic Socialist Republic of Sri Lanka, No. 22 Civ. 5199 (S.D.N.Y.). Plaintiff Hamilton Reserve Bank had commenced the action on June 21, 2022, initially seeking damages…
Minister of Power and Energy Kanchana Wijesekera has assured that there will be no shortage of coal to operate the Norochcholai Power Plant, despite recent speculation in this regard by both the Ceylon Electricity Board (CEB) and the media. Taking to Twitter, the Minister gave a detailed breakdown of how many stocks of coal cargo…
Reuters – U.S. Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Zambia and Ghana for restructuring of their sovereign debts, and moves to conclude a debt treatment for Sri Lanka, Treasury said on Monday. Yellen, who is slated to meet counterparts from around the world during this week’s meetings…
The Sri Lanka Tourism Promotion Bureau (SLTPB) in collaboration with Sri Lanka Embassy in Manila recently hosted a familiarization tour for nine Filipino Tour Operators from March 29th to April 6th, 2023. The goal of the tour was to increase awareness of Sri Lanka as a new travel destination and to establish connections between Sri…
Mojo Lanka Academy — a new platform for learning mobile journalism in Sri Lanka The United States Agency for International Development (USAID) and The International Research and Exchanges Board (IREX) are pleased to announce the launch of Mojolanka.lk, a website celebrating mobile journalism in Sri Lanka, and home to MoJo Lanka Academy, a platform that…
Minister of Foreign Affairs Ali Sabry convened a briefing on current developments in Sri Lanka for the Colombo-based diplomatic corps on Monday, 10 April 2023. Minister of State of Foreign Affairs Tharaka Balasuriya, Chief of Staff to the President Sagala Ratnayaka and Foreign Secretary Aruni Wijewardane were associated with the briefing. Opening the meeting, the…
First time in its history, Sri Lanka’s renowned global brand “Lion Beer” successfully unveiled its presence in the Indian market. As an initiative made by Deputy High Commissioner of Sri Lanka in the Southern India Dr. Venkateshwaran to promote Sri Lankan products in the Indian market, necessary steps were taken to collaborate M/S Lion Brewery…
Instructions from the President to provide a formal water management program in the city and provide permanent solutions to the drinking water problem. Nuwara Eliya city should be developed maintaining a tranquil environment instead of tall buildings Let’s all rally for the new program for the country stepping out of the traditional framework -Says the…
The new service will provide direct and seamless connectivity between Kochi, Mundra, Karachi, Jebel Ali, Abu Dhabi, Kuwait, Qatar and Sri Lanka DP World welcomed the newly launched weekly Malabar Service at its state-of-the-art International Container Trans-shipment Terminal (ICTT) in Kochi. The new service will be operated by Mediterranean Shipping Company (MSC) and will have…
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