Sri Lanka closes schools as floods and mudslides leave 10 dead and 6 others missing
The Economic Times » Sri Lanka Food Crisis
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2d ago
Sri Lanka closed schools on Monday as heavy rain triggered floods and mudslides in many parts of the island nation, leaving at least 10 people dead and six others missing, officials said. The education ministry announced that the reopening of schools would depend on how the weather develops ..read more
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Operators of illegal betting apps moving from Dubai to Sri Lanka
The Economic Times » Sri Lanka Food Crisis
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2d ago
As Dubai's scrutiny intensifies on the online gambling empire Mahadev, illegal betting operators are relocating to Sri Lanka. Offshore call centers and offices, crucial for these betting apps, are being established there. Staff running multiple betting websites are now operating discreetly from Sri Lankan villas, drawn by the country's cheaper costs and less rigorous enforcement compared to Dubai ..read more
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Adani to invest over $1 bn in Sri Lankan wind projects
The Economic Times » Sri Lanka Food Crisis
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2d ago
Adani Group plans to invest over USD 1 billion in setting up projects in Sri Lanka through Adani Green Energy Ltd. The projects include two wind farms in Sri Lanka's Mannar town and Pooneryn village with a total capacity of 484 megawatts ..read more
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Sri Lanka's presidential election first, parliamentary polls later: President Wickremesinghe
The Economic Times » Sri Lanka Food Crisis
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2w ago
President Ranil Wickremesinghe confirms the scheduling of the presidential election before the parliamentary election, in line with the Elections Commission's timeline and amid pressure from the ruling SLPP party ..read more
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Rajapaksas to launch political comeback bid in Sri Lanka
The Economic Times » Sri Lanka Food Crisis
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2w ago
The ruling Sri Lanka People's Front of the Rajapaksas, commonly known by its Sinhalese name Sri Lanka Podujana Peramuna (SLPP), will hold a public rally later in the day in the north central rural town of Thalawa, party member and former minister SM Chandrasena told reporters ..read more
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Sri Lanka to hold presidential election between Sept 17 and Oct 16: Election Commission
The Economic Times » Sri Lanka Food Crisis
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3w ago
Sri Lanka will hold presidential election between September 17 and October 16, the country's top electoral body announced on Thursday. In a notice signed by its chairman R M A L Ratnayake, the Election Commission said it will call for nominations to hold the Presidential election within the specified timeframe in terms of the provisions of the Constitution, according to local media reports ..read more
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Maldives gets IMF debt warning as more Chinese loans loom
The Economic Times » Sri Lanka Food Crisis
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3w ago
Maldives warned by IMF of 'debt distress' due to heavy borrowing from China. Urgent need to increase revenue, reduce spending, and limit external borrowing to avoid economic crisis amid high risks and dependence on Chinese funding ..read more
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Govt allows onion export to Bangladesh, UAE, Sri Lanka & 3 more countries amidst domestic supply worries
The Economic Times » Sri Lanka Food Crisis
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1M ago
The Indian government has authorized the export of 99,150 metric tons of onions to Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka. This decision stems from lower estimated Kharif and Rabi crops in 2023-24 compared to the previous year, along with heightened international demand. The National Cooperative Exports Limited (NCEL) will oversee onion exports, sourcing them from domestic producers through competitive e-platforms ..read more
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Indian envoy underscores India's special relationship with Sri Lanka's Eastern Province
The Economic Times » Sri Lanka Food Crisis
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1M ago
​​During a visit last week,Santosh Jha, India's High Commissioner in Sri Lanka, highlighted the multi-sectoral grant assistance package consisting of 33 different projects throughout the province in diverse areas as well as ongoing discussions between the two governments to collaborate for the comprehensive development of Trincomalee, an official statement said ..read more
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Indian company to manage Sri Lanka's China-funded airport
The Economic Times » Sri Lanka Food Crisis
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1M ago
Sri Lanka plans to transfer management of its Chinese-built Mattala Rajapaksa International Airport to Indian and Russian companies to mitigate losses. The airport, funded by China EXIM Bank, has faced operational challenges since 2013. Sri Lanka is also seeking to restructure its loan with China EXIM Bank amid financial crisis ..read more
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