sri lanka

Colombo, April 9 Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the combined fifth and sixth reviews of the island nation’s reform program, the global body said in a statement on Thursday.An IMF team was in Sri Lanka...

Colombo/Washington, April 3 Sri Lanka and the World Bank Group have launched a new five-year partnership aimed at supporting the island nation's economic recovery and boosting private investment, according to a joint announcement.A new five-year Country Partnership Framework (CPF) has been...

Colombo, March 31 Sri Lanka has decided to increase electricity prices, effective April 1, the power authorities said.The Chairman of the Public Utilities Commission of Sri Lanka (PUCSL), KPL Chandralal, said on Monday that the state-owned electricity entity, the Ceylon Electricity Board...

South Asian Nations Face Energy Crisis Risks Amid Middle East Conflict New Delhi, March 30 – The ongoing Middle East crisis presents a heightened risk to Bangladesh, Pakistan, and Sri Lanka, among South Asian nations, according to a report by S&P Global Ratings. The report highlights the...

Colombo, March 26 Sri Lanka and Russia began talks here on Thursday aimed at purchasing Russian oil to strengthen bilateral energy cooperation, officials said.The talks were led by visiting Russian Deputy Energy Minister Roman Marshavin, the Russian Embassy said.Officials of the state oil...

Moscow, March 25 Russia is set to redirect its hydrocarbon supplies to Asia amid growing demand, the Russian Energy Minister said on Wednesday, without naming any country, amid the ongoing West Asia crisis and the blockage of the Strait of Hormuz.India and China have been the main importers of...

Colombo, March 25 Sri Lanka is hoping to receive two installments of its bailout package from the IMF when the IMF team arrives here to complete its mission, Central Bank Governor Nandalal Weerasinghe said on Wednesday.An International Monetary Fund (IMF) team will arrive here on Thursday and...

Travel Trends Shift: Asian Destinations and Domestic Getaways Gain Momentum Amid Middle East Disruptions Mumbai, March 23: Travel preferences among Indian tourists are undergoing a noticeable shift as disruptions in the Middle East reshape global travel patterns. A report released on Monday...

Sri Lanka Urges Public to Conserve Fuel and Electricity Amid Price Hikes and Global Oil VolatilityColombo, March 22 – The Sri Lankan government has urged citizens to use fuel and electricity sparingly due to potential shortages amid volatile global oil markets. This advisory follows a second...

UPI Expansion in Sri Lanka: NPCI International Strengthens Digital Payments for Indian Tourists Seamless UPI Payments to Boost Travel Experience in Sri Lanka New Delhi, March 17: NPCI International Payments Limited, the global arm of the National Payments Corporation of India, on Tuesday...

Lanka IOC Assures Continued Fuel Supply to Sri Lanka Amid Middle East Conflict Lanka Indian Oil Corporation Reaffirms Energy Security Commitment Colombo, March 14: Lanka Indian Oil Corporation (LIOC), the Sri Lankan subsidiary of Indian Oil Corporation, has assured uninterrupted fuel supplies to...

Gravita India to Acquire 98.95% Stake in Rashtriya Metal Industries for ₹559 Crore Gravita India Ltd. will be in focus on Friday, March 13, after the Jaipur-based recycling company signed definitive agreements to acquire a 98.95% stake in Rashtriya Metal Industries Ltd. (RMIL) for a total...

Sri Lanka Raises Fuel Prices Over 8% as Global Oil Surge Triggers Panic Buying Retail Fuel Prices Increased to Control Hoarding Sri Lanka has raised retail fuel prices by more than 8 percent, effective from midnight on Monday, as authorities attempt to curb hoarding and panic buying following...

Gold and Silver Prices Rise as US–Iran Tensions Lift Safe Haven Demand Gold and silver prices advanced on Thursday as intensifying geopolitical tensions in the Middle East and currency movements influenced global bullion markets. The rally reflects renewed safe haven demand alongside broader...

SriLankan Airlines Plans Ahmedabad Entry Within Three Months New Delhi, February 24: SriLankan Airlines is set to strengthen its footprint in India with plans to launch direct flights between Colombo and Ahmedabad within the next three months. The move is part of the carrier’s broader strategy...

Government Targets Higher Foreign Tourist Arrivals Through Airport Upgrade Colombo, February 23 Sri Lanka is moving ahead with plans to expand Jaffna International Airport as part of a broader effort to increase foreign tourist arrivals and strengthen economic activity in the Northern Province...

Sri Lanka’s AI Future Linked to Regional Partnership New Delhi, February 23: Sri Lanka’s path to participating in the global artificial intelligence race lies in partnering with a fast-growing nation, with India emerging as the most viable option, according to an article published in the Colombo...