SL aims to establish FTAs with most Southeast Asian countries, Min Balasuriya

Significant strides in establishing Free Trade Agreements with Bangladesh and the Maldives, together with existing FTAs will pave the way to initiate FTAs with most Southeast Asian countries by next year, enhancing Sri Lanka’s position as an attractive destination for Foreign Direct Investment, State Minister of Regional Cooperation, Hon. Tharaka Balasuriya stated recently. Speaking at […]

Minister of External Affairs of India calls on Foreign Minister Prof. GL Peiris

Foreign Minister Prof. G. L Peiris and Minister of External Affairs of India Dr.S. Jaishankar discussed bilateral relations between Sri Lanka and India on the sidelines of the 5th Indian Ocean Conference in Abu Dhabi. Cooperation in the economic sector, cultural as well as people to people initiatives, and joint initiatives in regional organisations formed […]

South Asia Must Reform State-Owned Banks & Enterprises to Avert Next Financial Crisis: WB

South Asia’s heavy reliance on state-owned commercial banks, state-owned enterprises, public-private partnerships and other national and sub-national public entities conceals its vulnerability to accumulating unsustainable levels of debt, according to a new World Bank report, Hidden Debt: Solutions to Avert the Next Financial Crisis in South Asia, released today. South Asia is more exposed to the risk […]

Palitha Kohona formally presents Credentials to Chinese President

Ambassador Dr. Palitha Kohona presented Letters of Credence to President of the People’s Republic of China Xi Jinping on 14 April 2021 at the Great Hall of the People in Beijing.He also formally handed over the letter of recall of the former Ambassador. By the presentation of the credentials, Dr. Kohona has been formally recognised […]

Sri Lanka is not renegotiating Hambantota port lease deal with China: report

Sri Lanka’s ambassador to China Palitha Kohona has dismissed suggestions that the country is planning to extend a 99-year lease it granted to Beijing to run Hambantota port. Palitha Kohona said in an interview with the South China Morning Post that his country would “never be an unsinkable aircraft carrier posing a threat to anyone […]

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