The Central Bank, in the first copy of the Annual Report for 2017 which was released today, notes that following the Memorandum of Understanding (MOU) signed between China and Sri Lanka in September 2014, the two countries have conducted six rounds of …
A British tourist, who was allegedly raped at a luxury hotel in Sri Lanka during a holiday to the island in 2010, had been denied compensation by the UK Court of Appeal today, the Daily Mail reported. According to Daily Mail, the woman was on holiday w…
A spokesperson for the Sri Lankan government tells Maclean’s the country is concerned that Prime Minister Justin Trudeau repeatedly sidelined the South Asian nation’s majority ethnic group in his festive statements—one of which was described internally as “clearly out of step” by his national security …
Apr 26, Hanoi: Vietnam and Sri Lanka have agreed to maintain and intensify the exchange of all-level delegations of their legislative bodies, particularly special committees, in order to share information and experience in parliamentary activities, law…
NEW YORK–(BUSINESS WIRE)–A visiting delegation of government officials and businesspeople from Sri Lanka visited ERI, the nation’s leading recycler of electronic waste and the world’s largest cybersecurity-focused hardware destruction company. The visit was part of the U.S. Department of …
Reform policy implementation in Sri Lanka looks to “become slower and more challenging,” as “pressure for more populist policies” may rise as Sri Lanka enters an election cycle, said Fitch Ratings today. “Recent political developments in Sri Lanka have…
Apr 26, Colombo: British High Commissioner to Sri Lanka James Dauris has assured full support for economic development in Sri Lanka when he met Minister of Industry and Commerce Rishad Bathiudeen on Wednesday at the Ministry. The British High Commissio…
By Shihar Aneez. COLOMBO, April 26 (Reuters) – Sri Lanka’s central bank said on Thursday that it would intervene to support the rupee when necessary and that there was no reason for the rupee to be under pressure given the country’s record foreign currency reserves. The rupee slipped to an all-time …
STR’s hotel performance sample in Sri Lanka has grown to nearly 50% of the 14,806 rooms in the country. STR’s census database shows 146 properties with another 26 across the Under Contract phases of the pipeline. STR’s March Pipeline Report showed 15 properties in construction comprising …
Sri Lanka’s economic grew by only 3.1 per cent last year, the lowest in 16 years with the fall blamed on mostly adverse weather conditions, according to Central Bank (CB) released on Thursday. Though this data was contained in the CB’s annual report for 2017 released to the public on Thursday, CB …