In an internationally widely observed and landmark visit to Sri Lanka, the Iranian President Dr. Ibrahim Raisi yesterday renewed his country’s further support to the progress of the Indian ocean nation. In a whistle stop but highly secure tour to Sri Lanka, President Raisi inaugurated the $ 514 million worth ‘Uma Diya Janani’ multi-purpose development…
The Government of Sri Lanka donated USD 01 million to assist children impacted by the conflicts in the Gaza Strip. The donation was formally transferred to the Government of Palestine through the United Nations’ official channel, overseen by President Ranil Wickremesinghe at the Presidential Secretariat this morning (01). Issuing a statement, the President’s Media Division…
After a four-year hiatus, Thai Airways flight TG 307 arrived at Katunayake Bandaranaike International Airport at 11:55 last night. Originating from Bangkok, Thailand, the flight carried approximately 150 foreign tourists, including Thai nationals. According to Katunayake airport authorities, flights between Thailand and Sri Lanka are now operating daily. The Hon. Minister of Ports, Shipping, and…
An income of Rs. 3,439 million was earned in February this year by exporting coconut water from Sri Lanka, the Coconut Development Authority (CDA) said. According to the data from the CDA, the amount earned by exporting coconut water in February 2023 is Rs. 2,705 million. There has been an increase in export income of…
From November 30th last year, the Sri Lankan Rupee is appreciating against the US Dollar gradually. The Rupee value of a dollar on November 30th was Rs. 329 and the same on March 20th was Rs. 304. Sri Lanka is experiencing an appreciation of the Rupee for a second time. Over decades the value of…
Half of the countries in the region-Afghanistan, Maldives, Pakistan, and Sri Lanka-are either in debt distress or at high risk of it. In 2006, South Asia’s total external debt stock increased by a record 23 percent. In 2022, the ratio of government debt-to-GDP in the region averaged 86 percent, higher than that of any other…
Power and Energy Minister Kanchana Wijesekera revealed yesterday that United Petroleum of Australia has finalised an agreement with the Power and Energy Ministry to venture into petroleum retail operations in Sri Lanka. The announcement comes following last month’s signing of the agreement between the two parties. “They plan to sign the agreement with the BOI…
SriLankan Airlines and Korean Air have officially activated a new codeshare partnership effective 15 March 2024, presenting enhanced travel options and connections for customers of both airlines travelling between Colombo and Seoul. Richard Nuttall, Chief Executive Officer of SriLankan Airlines stated: “We are delighted to launch our first-ever codeshare partnership with Korean Air, and boost…
President Ranil Wickremesinghe on Sunday made a compelling case for the need to introduce a new legal framework to modernise the economy. He revealed that over the past 14 months, the Parliament has enacted 42 new laws to facilitate the country’s economic transformation. Furthermore, the President highlighted the necessity of passing an additional 62 laws…
The European Union will investigate whether ByteDance’s TikTok breached online content rules aimed at protecting children and ensuring transparent advertising, an official said on Monday, putting the social media platform at risk of a hefty fine. EU industry chief Thierry Breton said he took the decision after analysing the short video app’s risk assessment report…
