Saudi Arabia, Bahrain, UAE, Egypt cut diplomatic ties with Qatar

June 05, 2017 (LBO) – Saudi Arabia broke diplomatic relations and all land sea and air contacts with fellow Gulf Arab state Qatar on Monday, saying the move was necessary to protect the kingdom from what it described as terrorism and extremism. The United Arab Emirates (UAE), Bahrain and Egypt also cut ties with Qatar […]

Korean community donates relief goods for flood victims in Sri Lanka

The Korean Businessmen’s Association (KBA) of Sri Lanka donated relief goods worth of about LKR 15 Million to Sri Lanka Police on 02 June 2017, including 5,000 pairs of long boots, 10,000 pairs of rubber gloves, 1,000 pairs of gloves for industrial use and 2,500 soaps. The goods will be distributed to the people affected […]

Sri Lanka vehicle registrations drop in April: JB Securities

Jun 02, 2017 (LBO) – Total vehicle registrations in Sri Lanka fell to 33,438 units in April from 40,021 in March, with declines in all major categories except three-wheelers and tractors, JB Securities said in a research note, likely affected by the holiday season. Three-wheelers observed a 12 percent growth, month-on-month, to 1,452 units in […]

Maldives hands over financial assistance to Sri Lanka

Minister of Foreign Affairs, Ravi Karunanayake, met with Special Envoy of the President of Maldives Dr. Mohamed Asim, Minister of Foreign Affairs of Maldives on Wednesday, at the Ministry of Foreign Affairs. The two Ministers discussed several issues of importance relevant to bilateral relations of the two countries. The Special Envoy condoled with the Minister […]

‘s Global Economy Programme

Jun 02, 2017 (LBO) – Sri Lanka’s foreign policy think tank Lakshman Kadirgamar Institute has signed a memorandum of understanding with the MJF Group to establish a Global Economy Programme to focus on international trade, foreign investment, and tourism. The establishment of the programme at LKI reflects the increasingly key role of economic diplomacy in Sri […]

Sri Lanka tea production to be impacted by bad weather

Jun 02, 2017 (LBO) – Sri Lanka’s tea production is likely to be further impacted as the country experienced its worst disaster from torrential rain since 2003 last week, a report said. “The worst affected is the Southern and Sabaragamuwa provinces,” Forbes and Walker Tea Brokers said. “Needless to say, the current scenario would adversely […]

”’ LNG to Sri Lanka

June 01, 2017 (LBO) – India’s Petronet LNG has proposed to supply ‘green’ LNG to Sri Lanka and is awaiting an evaluation of their proposal, Deputy Manager of Petronet LNG Manik Jhamb said during a visit to Colombo. “Investing in it is a win-win for Lankan government, consumers and for us since it is Green […]

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