Category: South Asia
Sri Lankan Pharmaceutical sector eyes Vietnamese market
The Embassy of Sri Lanka in Hanoi, in collaboration with the Sri Lanka Export Development Board (EDB) organized a webinar on “Sri Lankan Pharmaceutical Industry” for Vietnamese pharmaceutical companies just prior to the Medipharm Expo 2024 in Ho Chi Minh (HCM) city. This was organized in order to raise awareness as well as to highlight the potential […]
Foreign Minister invites Japan to resume investment projects which are currently in pipeline
In an effort to strengthen economic ties, the Foreign Minister of Sri Lanka cordially invites Japan to resume the investment projects that are currently in the pipeline. Additionally, he warmly welcomes fresh investments from Japan across various sectors, including power, infrastructure (such as ports and highways), as well as the green and digital economy. Media […]
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FitchRatings has downgraded the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘B-‘. Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS Ratings Downgrade: The downgrade of the Maldives’ […]
India lifts export ban on onions for Sri Lanka
The government of India has lifted the export ban on onions for Sri Lanka, with export of up to 10,000 MT of onions permitted vide the enclosed notification of the Directorate General of Foreign Trade. The exemption for Sri Lanka reiterated India’s Neighbourhood First policy, adding to the Sinhala and Tamil New Year festivities here, […]
Indian Political Parties Clash Over Katchatheevu Creating A Political Hot Potato for Elections
Indian prime minister Narendra Modi has accused the Congress party of “callously giving away” the island of Katchatheevu to Sri Lanka. The tiny island was claimed by both countries from 1921 to the 1970s. In 1974, a Congress government under prime minister Indira Gandhi gave up its claim and ceded the island to Sri Lanka. […]
”’ magazine takes flight in the Middle East to help build economic bridges
Embarking on a journey of connectivity, the Kuwait Chapter of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) ventured into uncharted territories by marking a significant milestone in the landscape of communication with the launch of “The Hub” magazine. The magazine was officially launched at the Crowne Plaza Hotel in Kuwait, with […]
Minister Jeevan Thondaman inaugurates Ramayana Art Exhibition in New Delhi
At the invitation of the Director General of the National Gallery of Modern Arts (NGMA) New Delhi, Minister of Water and Estate Infrastructure Development Jeevan Thondaman inaugurated the ‘Ramayanam Chitrakavyam’ exhibition as the Guest of Honour together with Minister of State for External Affairs and Culture Meenakshi Lekhi on 1 March 2024. Addressing the event, […]
FAO’s Director-General Arrives in Sri Lanka to Inaugurate UN FAO Conference
FAO Director-General, Dr QU Dongyu, arrived on Sunday in Sri Lanka for a three-day visit to participate in the 37th Session of the FAO Regional Conference for Asia and the Pacific. Government Ministers and Heads of Delegations from as many as 46 Member Nations are gathering in Colombo for the event. Sri Lanka is hosting […]
Sri Lanka Embraces Indian Tourists with Virtual Launch of UPI Transactions via LankaQR
In a ground-breaking move aimed at enhancing the convenience and security of digital payments for Indian tourists in Sri Lanka, a virtual launch event marked the introduction of Unified Payments Interface (UPI) transactions through LankaQR this afternoon (12). The initiative, spearheaded by a collaboration between NPCI International Payments Limited (NIPL) and LankaPay (Pvt) Ltd, promises […]
Sri Lankans resettled in Tamil Nadu receive passports
The Deputy High Commission of Sri Lanka in Chennai conducted an event on 19 January 2024 to hand over the first batch of ” All Country Passports” to Sri Lankan nationals resettled in Tamil Nadu. The Government of Sri Lanka has so far been issuing a travel document called Refugee Repatriation Passport for this segment […]
Sri Lanka and Thailand to Sign Free Trade Agreement in February 2024
The 8th round of negotiations for the Sri Lanka-Thailand Free Trade Agreement (SLTFTA) concluded successfully on November 29th, paving the way for a historic deal to be signed in February 2024. The negotiations, co-chaired by the Chief Negotiators of both countries, Auramon Supthaweethum (Thailand) and K. J. Weerasinghe (Sri Lanka), saw both sides agree to […]
Suvasarya Pioneers Mixed Reality in Asian Ambulance Service with Pilot Projects in Colombo & Jaffna
Today marks a significant step forward for 1990 Suvasarya, as the ambulance service becomes the first in Asia to adopt mixed reality and AI technology for real-time doctor-paramedic communication. This innovative partnership with Wavenet and Microsoft marks a major advancement in emergency medical care for the region. Previously limited to phone calls, communication between paramedics […]