By Lakshila Wanigasinghe Empty supermarket shelves, endless queues to buy essentials and overnight camping around fuel stations are now regular sights in Sri Lanka. As the economy continues to plummet with no viable short-term solutions in sight, levels of frustration among the citizens continue to rise. The country’s worst economic crisis since independence has battered…
To All the Party Leaders Representing the Parliament, The primary demand of the people’s movement held on July 9, 2022 was to compel the then President Gotabhaya Rajapaksa and the Prime Minister Ranil Wickremesinghe to step down. Prime Minister Ranil Wickremesinghe has been appointed to fill the vacant position due to the resignation of the…
Secretary, Foreign Affairs Aruni Wijewardane led bilateral consultations with a senior delegation from the Ministry of Foreign Affairs of Japan led by the Assistant Minister of the Southwest and Southeast Asia Affairs Division of the Ministry of Foreign Affairs of Japan Kano Takehiro on Friday 15 July, 2022. The Sri Lanka delegation included the Governor of the…
The Bank for Everyone, DFCC Bank, has recently launched a special marketing drive and scheme to attract Foreign Inward Remittances. Looking to support the nation at this challenging time, DFCC Bank is offering an additional LKR 1/- per US Dollar, for all individual foreign inward remittances received to a DFCC Bank account. This special incentive…
Operations at the Hambantota International Port (HIP) from port services, marine services, energy hub, Port Industrial Park and Integrated logistics are running uninterrupted, despite the current fuel crisis in the country. As an essential service, HIP has ensured continuous fuel supply to enable the port to function 24/7 with no disruptions in shipping, logistics operations…
Bloomberg – In the spartan offices of his small private investment firm, Raj Rajaratnam, former inmate 62785-054, is searching for his next big trade. All is quiet inside the townhouse in Manhattan’s East 50s — 200 miles and a world away from the federal prison where he served seven-and-a-half years for insider trading. It’s been…
Seeking as much as $4 billion financial help from Beijing Sees China-Sri Lanka relations surviving Rajapaksa resignation Bloomberg – Sri Lanka is continuing negotiations with China for as much as $4 billion in aid and is confident Beijing will agree “at some point,” according to a top envoy. Colombo is asking China for a loan…
Reuters – The International Monetary Fund is still in contact with officials at technical levels within the Sri Lankan government and hopes to be able to resume discussions with higher-level officials, an IMF spokesman said on Thursday, after Sri Lanka’s president announced his resignation. We are closely monitoring the ongoing developments in Sri Lanka 🇱🇰….
Fitch Ratings has placed Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) and associated instruments Under Criteria Observation (UCO) following the conversion of the agency’s Exposure Draft: Sovereign Rating Criteria to final criteria. A summary of the changes introduced by the new criteria is available at: Fitch Ratings Publishes Final Sovereign Rating Criteria The UCO assignment…
Emirates values our partnerships with airport stakeholders across our network with whom we engage continuously, and collaboratively, to secure our flight operations and ensure minimal customer disruption, particularly over the peak travel months. It is therefore highly regrettable that LHR last evening gave us 36 hours to comply with capacity cuts, of a figure that…
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