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Commercial Sri Lanka’s president on Wednesday appealed for endurance amid the nation’s worst financial disaster however promised brighter occasions forward. President Ranil Wickremesinghe stated in a coverage speech after inaugurating a brand new parliamentary session that he had been pressured to make unpopular selections to salvage the nation’s funds, together …

Commercial Sri Lankan President Ranil Wickremesinghe knowledgeable the All-Occasion Leaders Convention on Reconciliation on January 27 that the Cupboard was agreeable to completely implementing the 13th amendment to the structure. Wickremesinghe mentioned that he’s sure to implement the legal guidelines of the land. The thirteenth modification, he identified, is a …

Commercial Sri Lanka’s independence course of could be very a lot lauded by students and historians. The writer of a “History of Sri Lanka,” Ok. M. de Silva, famous the peaceable means of independence and juxtaposed Sri Lanka’s path to that of different nations in South Asia similar to India …

Armed troops parade in Colombo amid criticim over the occasion’s price at a time of dire financial disaster. Sri Lankans have protested within the capital Colombo in opposition to the federal government’s resolution to organise a pompous army parade to mark 75 years of independence from British colonial rule at …

— The Paris Membership, an off-the-cuff group of creditor nations, will present monetary assurances to the Worldwide Financial Fund on Sri Lanka’s debt, Reuters has reported quoting two unnamed sources. — An assurance from the Paris Membership, in addition to different bilateral collectors, is without doubt one of the situations …

Billionaire investor Tim Draper got a tougher reception than he anticipated when proposing Sri Lanka, a bankrupt nation, to Bitcoin. Draper was in Sri Lanka on Tuesday, talking with local entrepreneurs about cryptocurrency adoption. The entrepreneur met the nation’s President Ranil Wickremesinghe on that day concerning the matter. Draper went …

Commercial A lot has occurred and but so little has modified in Sri Lanka. The final 12 months was a interval of unprecedented political turmoil on the South Asian island, as an financial disaster led to offended protests that captured headlines world wide. A strongman president, as soon as dubbed …

A view of the Sri Dhandayuthapani Swamy hill temple in Palani, Tamil Nadu. File | Photograph Credit score: G. KARTHIKEYAN Whereas the world celebrates locations equivalent to because the Colosseum in Rome, notorious for the bloody gladiator video games, as one of many seven wonders of the world, Tamil Nadu …

Commercial The Chinese language authorities’s slightly extreme response to an invite prolonged by Sri Lankan Buddhist monks to the Dalai Lama to go to the island underscores but once more Beijing’s deep insecurities vis-à-vis the Tibetan chief. The incident additionally lays naked the open arm-twisting China indulges in with small …

Did EAM Jaishankar’s go to to Colombo fulfil the Sri Lankan authorities’s expectations for assist with the financial disaster? I feel from our facet, sure, very a lot so. It was the primary go to because the new President [Ranil Wickremesinghe] was sworn in final yr, and Mr. Jaishankar carried …

Commercial India’s Minister for Exterior Affairs S. Jaishankar’s go to to Sri Lanka on January 19-20 was important. It marked an essential breakthrough in Sri Lanka’s efforts to entry IMF funding. Through the go to, Jaishankar drew consideration to India’s concrete assist for Sri Lanka’s financial restoration. In a letter …