Sri Lanka

COLOMBO: Namal Rajapaksa, the 38-year-old heir to the Rajapaksa dynasty, was on Wednesday named as the SLPP candidate for the presidential election, thus officially ending Rajapaksa family's backing to the incumbent Ranil Wickremesinghe.…

COLOMBO: Sri Lankan President Ranil Wickremesinghe on Friday declared his candidacy to contest the presidential election in September as an independent candidate by depositing money to contest the upcoming polls. Earlier in the day, the…

COLOMBO: Japan will resume funding stalled infrastructure projects in Sri Lanka, including the expansion of the main international airport, government officials said Wednesday, after the bankrupt island nation successfully restructured its…

Wickremesinghe intends to contest as an independent candidate backed by all political parties who are bent on maintaining the economic reforms programme set in by him.

Colombo: The Sri Lankan government disbursed nearly 12 billion Sri Lankan rupees ($39 million) to the bank accounts of people selected as beneficiaries under Aswesuma welfare benefit payment program, the President's Media Division (PMD)…

Colombo; With a major move to turn around the country's worst-ever financial crisis, Sri Lanka President Ranil Wickremesinghe thanked India and other key bilateral creditors for finalising a debt restructuring deal valued at a combined…

Colombo; Sri Lankan cabinet approved a proposal to make preparations to develop the Hingurakgoda airport in the North Central Province as a complete airport for civilian use, the government's information department said on Tuesday.…

Colombo: Sri Lankan President Ranil Wickremesinghe on Sunday thanked Prime Minister Narendra Modi and External Affairs Minister (EAM) S. Jaishankar for their "continued support" to the island nation. Wickremesinghe met EAM Jaishankar in…

Colombo: Sri Lanka's cabinet of ministers, on Tuesday, authorised the investigation of the cause of the recent floods, which left 17 dead and thousands displaced as heavy rains and strong winds lashed out across many parts of the country.…

Colombo: As India has completed its elections and results are out, foreign policy experts and academics have viewed the results as proof of India’s strong democracy while the re-election of Prime Minister Modi’s government is proof of…

They had joined the Russian and Ukrainian forces after unscrupulous foreign employment agencies misled them in the name of foreign employment.

Last month, the Asian Development Bank also warned that the recovery could be stalled by abrupt policy changes after elections if the outcome weakened the commitment to austerity measures.

The world’s poorest countries will suffer 61% bigger income loss than the richest ones, the study calculated.

Sri Lanka aims to complete debt restructuring agreements with private creditors and sovereign bond-holders by June, in time for the next review of the IMF bailout programme.

“The Cabinet did not discuss it as it was never raised," Bandula Gunawardena, the Cabinet spokesman and minister of information, told reporters here today.

China is the biggest bilateral lender of Sri Lanka and accounts for more than 10 per cent of the Island's total foreign debt.

The pro-China Maldivian leader's comments came days after the first batch of Indian military personnel left the island nation after Muizzu stepped up his anti-India rhetoric.

Sri Lanka and China share close ties with Beijing being one of the top lenders to the cash-strapped island nation.

A collapse in foreign exchange reserves saw months of food and fuel shortages along with street protests that forced the ouster of President Ranil Wickremesinghe's predecessor in 2022.

The fishermen were arrested on February 7 off the coast of the Delft islet in Jaffna in northern Sri Lanka.