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U.S. Transfers Beechcraft King Air 360ER to SL Air Force, Enhancing Maritime Domain Awareness & Security

U.S. Transfers Beechcraft King Air 360ER to SL Air Force, Enhancing Maritime Domain Awareness & Security

At a ceremony held today at Sri Lanka Air Force Base Katunayake, U.S. Navy Admiral Steve Koehler, commander, U.S. Pacific Fleet, officially handed over a …

October 10, 2024 | Defense | Read More
Opinion: A Nation’s Fight for Economic Survival & Sovereignty, A Strategic Blueprint for SL’s Currency Revival

Opinion: A Nation’s Fight for Economic Survival & Sovereignty, A Strategic Blueprint for SL’s Currency Revival

By Jithendra Antonio A Nation at the Crossroads Sri Lanka’s currency, the Sri Lankan Rupee (LKR), has faced an unrelenting battle over the years, weakening …

October 10, 2024 | Watch Tower | Read More
Cinnamon Air Launches New Flights Connecting South Coast with Cultural Triangle and Central Hill Country

Cinnamon Air Launches New Flights Connecting South Coast with Cultural Triangle and Central Hill Country

Cinnamon Air, Sri Lanka’s premier domestic airline, is proud to announce the launch of two new daily scheduled flights connecting Kandy and Sigiriya with the …

October 10, 2024 | Aviation | Read More
IFC, EBRD, EU, and France Help Deliver Largest FDI in Ukraine Since Invasion

IFC, EBRD, EU, and France Help Deliver Largest FDI in Ukraine Since Invasion

IFC, a member of the World Bank Group, and the European Bank for Reconstruction and Development (EBRD), with support from the European Commission (EC) and the …

October 10, 2024 | World | Read More
Advocata Institute Congratulates New President; Offers Expertise in Research and Policy Support

Advocata Institute Congratulates New President; Offers Expertise in Research and Policy Support

The Advocata Institute extends its heartfelt congratulations to Anura Kumara Dissanayake on his election as the 9th Executive President of the Democratic …

October 10, 2024 | Special Reports | Read More
UN renews human rights mandate on Sri Lanka; Sri Lanka rejects resolution

UN renews human rights mandate on Sri Lanka; Sri Lanka rejects resolution

The United Nations Human Rights Council on October 9, 2024, adopted a resolution on the human rights situation in Sri Lanka, which on September 21 elected a …

October 10, 2024 | Politics | Read More
U.S. Admiral to Visit Sri Lanka, Strengthening Bilateral Security Cooperation

U.S. Admiral to Visit Sri Lanka, Strengthening Bilateral Security Cooperation

The U.S. Embassy in Sri Lanka is pleased to announce that Admiral Steve Koehler, a 4-star U.S. Navy Admiral and Commander of U.S. Pacific Fleet, will visit Sri …

October 9, 2024 | Defense | Read More
Ceylon Chamber and Sri Lanka Banks’ Association strengthen ongoing partnership

Ceylon Chamber and Sri Lanka Banks’ Association strengthen ongoing partnership

The Ceylon Chamber of Commerce and the Sri Lanka Banks’ Association (SLBA) signed a Memorandum of Understanding (MOU) to formalise and strengthen their …

October 9, 2024 | General Services | 1 Comment | Read More
Increases to VAT rates & removal of exemptions hurt poorest; PAYE & PIT highly progressive: IPS Economist

Increases to VAT rates & removal of exemptions hurt poorest; PAYE & PIT highly progressive: IPS Economist

The Institute of Policy Studies of Sri Lanka (IPS) recently hosted a knowledge-sharing and networking event to mark the release of its annual flagship report, …

October 9, 2024 | Economy | 2 Comments | Read More
Political Risks to Sri Lanka’s Debt Restructuring Agreement Recede: Fitch Ratings

Political Risks to Sri Lanka’s Debt Restructuring Agreement Recede: Fitch Ratings

The Sri Lankan authorities’ confirmation that they endorse the targets set under the country’s IMF programme, and intend to implement debt restructuring …

October 9, 2024 | Economy | 1 Comment | Read More
Sri Lanka to scrutinize wind energy procurement practices post-elections, including Adani project

Sri Lanka to scrutinize wind energy procurement practices post-elections, including Adani project

Cabinet Spokesman Minister Vijitha Herath says that the Sri Lankan government will review wind energy procurement practices including the project by India’s …

October 9, 2024 | Power | Read More
Sri Lanka to pursue BRICS membership at upcoming summit in Russia

Sri Lanka to pursue BRICS membership at upcoming summit in Russia

Sri Lanka is set to pursue membership in the BRICS economic bloc at the upcoming summit in Kazan, Russia, scheduled from October 22 to 24, 2024, according to …

October 9, 2024 | Politics | Read More
Sri Lanka smartphone market surges 218-pct in Q2 2024: IDC

Sri Lanka smartphone market surges 218-pct in Q2 2024: IDC

Sri Lanka’s market shipped 365 thousand units, with 218% YoY growth, showing a triple-digit growth trend for 5 consecutive quarters, market intelligence …

October 9, 2024 | Technology | Read More
Chinese People’s Liberation Army Navy Sail Training Warship ‘PO LANG’ arrives in Colombo

Chinese People’s Liberation Army Navy Sail Training Warship ‘PO LANG’ arrives in Colombo

The Chinese People’s Liberation Army Navy Sail Training Warship ‘PO LANG’ arrived at the port of Colombo on a formal visit yesteday morning (08). The …

October 9, 2024 | Defense | Read More
Mahindra Ideal Finance appoints Mufaddal Choonia as MD and CEO

Mahindra Ideal Finance appoints Mufaddal Choonia as MD and CEO

Mahindra Ideal Finance Limited (MIFL), a subsidiary of Mahindra Finance has announced the appointment of Mufaddal Choonia as its new Managing Director & …

October 8, 2024 | Companies | Read More
Sunshine Healthcare Lanka attracts USD 10Mn FDI from IFC

Sunshine Healthcare Lanka attracts USD 10Mn FDI from IFC

Sunshine Healthcare Lanka Limited (SHL), the healthcare arm of diversified conglomerate Sunshine Holdings PLC (CSE: SUN), announced the successful conclusion …

October 8, 2024 | Banking and Finance, Companies, Economy & Markets, Featured | Read More
Sri Lanka Facilitates Repatriation of 56 Pakistani Prisoners

Sri Lanka Facilitates Repatriation of 56 Pakistani Prisoners

Sri Lanka has successfully facilitated the repatriation of 56 Pakistani prisoners who had been languishing in Sri Lankan jails for several years. The group, …

October 8, 2024 | South Asia | Read More
Sanath Jayasuriya appointed Sri Lanka’s full-time head coach

Sanath Jayasuriya appointed Sri Lanka’s full-time head coach

Sri Lanka Cricket (SLC) announced the appointment of Sanath Jayasuriya as the head coach of the national team. This decision was made by the Executive …

October 7, 2024 | Sports | Read More
World Bank Signs Additional USD 200 Mn to Support Sri Lanka’s Economic Reforms

World Bank Signs Additional USD 200 Mn to Support Sri Lanka’s Economic Reforms

The World Bank and the Government of Sri Lanka today signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation …

October 7, 2024 | Economy | Read More
HIP sees 40-pct Increase in RORO transshipment between 2nd and 3rd Quarters

HIP sees 40-pct Increase in RORO transshipment between 2nd and 3rd Quarters

The Hambantota International Port (HIP) has marked a 40 percent increase in RORO vehicles handled between the 2nd and 3rd quarters of 2024. From 125,526 units …

October 7, 2024 | Shipping and Transport | Read More
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