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Sri Lanka says China Exim Bank agreed in principle to restructure $4.2bn of debt
Sri Lanka says it has reached an agreement on the key principles and indicative terms of a debt treatment with the Export-Import Bank of China (Exim Bank).
In a press release on Wednesday (Oct. 11), the Ministry of Finance, Economic…
Jaishankar calls on President Ranil; India and Sri Lanka ink three new agreements
India’s Minister of External Affairs, Dr. S. Jaishankar, has met with President Ranil Wickremesinghe at the Presidential Secretariat a short while ago.
Extensive discussions were held to further strengthen Indo-Sri Lankan relations,…
Sri Lanka reiterates commitment to achieve IORA objectives
Officials of the Indian Ocean Rim Association’s (IORA) Member States gathered in Colombo for the 25th Meeting of the IORA Committee of Senior Officials. The two-day meeting from 9-10 October 2023 was chaired by Foreign Secretary Aruni…
President Ranil instructs to ensure safety of Sri Lankans in Israel
In a briefing to the Cabinet, President Ranil Wickremesinghe expressed deep concern over the recent attacks in Israel and its implications on Sri Lankans and Israelis residing in both countries.
President Wickremesinghe emphasized the…
“Colombo Port City to become a major economic hub in the region”, says former British Prime Minister…
The recently concluded Port City Colombo UAE Road Show unveiled the potential of PCC for all to see, drawing the attention of numerous global investors and dignitaries to the immense investment and business opportunities that this visionary…
Iran Funding Hamas Operations: Israel UN Envoy Gilan Erdan
Israel UN Envoy Gilan Erdan’s statement comes amid the war with Palestine that started after Hamas launched its biggest attack on Israel from the Gaza Strip.
Israel’s Security Council says country at war with Hamas and authorizes significant military steps
Israeli Prime Minister Benjamin Netanyahu’s office says his Security Cabinet has declared the country at war following a deadly Hamas assault in southern Israel.
The decision, announced on Sunday, formally authorizes “the taking of…
Ex-president Gotabaya granted time to file objections against FR petition
The Supreme Court has granted time for former President Gotabaya Rajapaksa to file objections in relation to a Fundamental Rights (FR) petition filed challenging the decision taken by him during his tenure as the president to impose…
Sri Lanka’s official reserves estimated at USD 3.5 billion
The level of gross official reserves of the country were estimated at around USD 3.5 billion as of the end of September 2023, according to the Central Bank of Sri Lanka (CBSL).
However, this includes the swap facility from the People’s…
US says Sri Lanka bondholder lawsuit should be put on hold
The US government said a bondholder’s lawsuit against Sri Lanka over the country’s historic debt default should be put on hold.
In a statement of interest filed Monday in New York federal court, the US backed the Sri Lankan government’s…