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Government’s Decision to Suspend Foreign Debt Payments Accumulates USD 8.6 Billion in Unpaid Debts and Installments Over 24 Months
The latest report released by the Ministry of Finance reveals that the total unpaid debt and instalments amount to USD 8.6 billion over the past 24 months, following the government’s decision to temporarily suspend foreign debt payments. According to the Ministry of Finance, since the temporary suspension of foreign debt and instalment payments on April…
Adani Green Energy to Invest Over $1 Billion in Sri Lankan Wind Energy Projects Amidst Environmental Concerns
Adani Green Energy is set to invest more than $1 billion (Rs 83.5 billion) in wind energy projects in Sri Lanka, according to a report by the Press Trust of India. This investment marks the largest foreign direct investment in the country to date and is poised to be one of Sri Lanka’s most significant…
Thai PM Visit and FTA Signing Underscore Growing Trade Ties Between Sri Lanka and Thailand
As Thai Prime Minister Srettha Thavisin prepares to visit Sri Lanka on February 3-4, the recently released trade data sheds light on the burgeoning economic relationship between the two countries. The visit, which will culminate in the signing of a free trade agreement (FTA), further solidifies this promising direction. According to oec.world, in 2021, Thailand…
Tropical Belt Climate Ambition Plan: A Beacon of Hope for a Sustainable Future
In the face of an escalating climate crisis, the call for ambitious action has echoed across the globe. Recognizing the urgency of the situation, President Ranil Wickremesinghe of Sri Lanka introduced the Tropical Belt Climate Ambition Plan (TBCAP) at the UN Climate Summit in September 2023. This bold initiative aims to transform the highly biodiverse…
Empowering Farmers: Historic Land Ownership Program Launched in Sri Lanka
Ajith Perakum Jayasinghe Sri Lanka ushered in a new era for its agricultural sector yesterday with the launch of a groundbreaking program granting freehold deeds to farmers. This initiative, championed by the President Ranil Wickramasinghe, represents a transformative step towards empowering generations of families and revitalizing rural communities. While some political groups have expressed concerns…