China’s ‘strategic trap’ for Sri Lanka
The term ‘debt trap’, doesn’t capture the non-financial aspects of Chinese investments and loans in Sri Lanka, according to Asanga Abeyagoonasekera, Senior
Breather for crisis-hit Lanka as tourism revives
Earnings from tourism in February were $314.5 million, while the country earned $268 million in January, the data shows….reports Asian Lite News
Currency depreciation lands Lanka in soup
The country’s biggest wheat importer PRIMA increased the price of a kg of wheat flour by 35 LKR….reports Asian Lite News The
Lanka woos foreign investors
Sri Lanka’s state-owned investment agency the Board of Investment (BOI) last week said the country is aiming to attract $3 billion in
32 Lankans evacuated from Ukraine
The Foreign Ministry is also monitoring the status of Sri Lankan nationals in countries which share land borders with Ukraine….reports Asian Lite
Lanka on mission to combat fuel shortage
The Central Bank has also recommended that the use of private vehicles must be discouraged …reports Asian Lite News The Sri Lankan
Lanka completes return of illegally imported waste to UK
The 45 containers loaded onto a ship at a Colombo port on Monday were the final batch of 263 containers holding about
Lanka moving away from China
Fears have also been rife in Colombo regarding Chinese loans, as the country has previously been forced to hand over strategic projects
India pledges $2.4 billion to Sri Lanka: Report
India’s critical support to Sri Lanka is due to the ongoing fuel crisis where the country is unable to purchase due to
Lanka, India ink strategic Trincomalee oil tank deal
The agreement is also to help Sri Lanka to unlock $1.9 billion of support from India of which $400 million is a