COLOMBO (AFP) – A controversial Sri Lankan opposition legislator on Thursday (March 22) said that US authorities prevented him from taking a flight to Texas from Moscow where he was an observer for the Russian presidential election. Mr Namal Rajapakse,…
ECONOMYNEXT – A team of senior executives from Sri Lanka’s Hayleys group and its new subsidiary Singer Sri Lanka were in the United States last week meeting with global funds to discuss investment opportunities. Decker & Co., the institutional equities broker handling the visit, said in a statement …
Mar 19, Washington, DC: The United States International Trade Commission (USITC) has decided to terminate the Antidumping and Countervailing Duty investigations on imports of rubber bands from Sri Lanka. U.S. Department of Commerce Initiated Antidumpin…
Mar 14, Colombo: Sri Lanka’s Board of Investment says the Koggala Export Processing Zone in the South contributed US$122 million worth of exports earnings in 2017 emerging as a major economic center in the South and an important contributor to the national economy. According to a press Release …
The US Department of Commerce’s Advocacy Center Director Stephen Renna met with government leaders and US companies in Colombo recently, to discuss opportunities to increase US exports to Sri Lanka. “The United States is eager to expand open, fair and reciprocal trade,” said Renna during his …
During this year’s Pacific Partnership exercise, which begins Friday and runs through June, the Navy hospital ship USNS Mercy will travel to Indonesia, Malaysia, Sri Lanka and Vietnam while the USNS Fall River heads to, Malaysia, Palau, Thailand and Yap in Micronesia. Events will include civic-action …
Feb 22, Colombo: Despite a double-digit growth in exports surpassing US$ 1 billion for the fifth time in the year, Sri Lanka’s trade deficit also widened to exceed US$ 2 billion mark in December 2017, according to the Central Bank data released in its External Sector Performance Review on Thursday.
ECONOMYNEXT – Sri Lanka has recorded a balance of payments surplus of 2,068 million dollars as capital flight reserved and domestic credit slowed, and the central bank sterilized dollar purchases, reversing money printing in 2015 and 2016. The central …
A rural midwife holds a newborn baby in El Llano, Guatemala, where rural midwives deliver six of every 10 babies. Photograph: Rodrigo Abd/AP. The risk of dying as a newborn in the US is only slightly lower than the risk for babies in Sri Lanka and Ukra…
The US ambassador to Sri Lanka and his Indian counterpart this week publicly stepped in to halt a planned breakup of the National Unity Government headed by President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe after its heavy losses a…