Though foreign loans are repaid in instalments (they are effectively converted to rupee debt since Sri Lanka does not have a budget surplus), rupee debt is simply rolled over with interest forever. In addition there was 524 billion rupees of government…
Bangladesh have named uncapped 17-year old Nayeem Hasan in their 14-man squad for the first Test against Sri Lanka starting January 31 in Chittagong. An offspinner, Nayeem is currently playing in the Under-19 World Cup in New Zealand. Nayeem’s inclusion comes as a big surprise since he has …
Uncapped 17-year-old allrounder Naeem Hasan has been named in the Bangladesh squad for the first Test against Sri Lanka, Bangladesh Cricket Board announced on Friday (January 26). This series will also see Shakib al Hasan return as Test captain after M…
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LPG retailers in Sri Lanka have been compelled to increase the price of a domestic gas cylinder due to global LPG gas price hikes that has been ongoing since October 2016. The price of a domestic gas cylinder was increased by Rs. 110 by the Consumer Af…
Sri Lanka already has FTAs with India and Pakistan and is working towards getting into more bilateral trade agreements with several other countries including Bangladesh and Malaysia. In the pipeline is also an extension to the current FTA with India. P…
A group of representatives of the Japanese Chamber of Commerce and Industry (JCCI) Economic Mission, who visited Sri Lanka to explore new … During this meeting, President Sirisena recalled the long-standing friendship between Japan and Sri Lanka and …
A gym in the Sri Lankan capital Colombo caused outrage after it put up a billboard featuring a picture of a barrel with the text “this is no shape for a woman”. The BBC’s Ayeshea Perera reports on the fight to get it taken down. The hoarding for Osmo gym went up in a Colombo suburb last week and the …
The aboriginal people of Sri Lanka are still alive in the deep jungles of the south. Hunting and gathering for food is their way of life.
THREE half centuries from the Zimbabwe Under-19 cricket team players were in vain as the youth team fell to Sri Lanka by five-wickets in the semi-final of the Plate competition at the ICC Under-19 Cricket World Cup currently underway in New Zealand. Th…