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Double-digit gains suggest turning point for Sri Lanka
Sri Lankan stocks extended gains as markets reopened post a three-day holiday, after a plan to revamp domestic debt eased concern over financial sector stability.
The Colombo All-Share Index climbed as much as 5.3%, its biggest gain in…
Air China resumes services from Chengdu to Colombo
Resuming operations to Sri Lanka, Air China’s first flight arrived at the Bandaranaike International Airport (BIA) in Colombo last night with 142 passengers onboard.
Accordingly, Air China will operate three flights a week from Chengdu…
Sri Lanka launch program to gauge resistance of buildings against earth tremors
A program to gauge the resistance of buildings and new constructions against earth tremors is being conducted across Sri Lanka, the country’s Geological Survey and Mines Bureau (GSMB) said on Monday.
Several small tremors have been felt…
Oil prices slip on global economic slowdown fears
Oil prices slipped in early Asian trade on Monday as global macroeconomic headwinds and possible further interest rate hikes from the U.S. Federal Reserves offset forecasts of tighter supplies amid OPEC+ cuts.
Brent crude futures dropped…
MoU to be signed for direct flights between Sri Lanka and Israel
The Civil Aviation Authority of Israel has confirmed that a Memorandum of Understanding (MoU) will be signed by the relevant authorities of Israel and Sri Lanka in order to commence the air service of providing direct passenger flights from…
‘Muthu Raja’ airlifted back to Thailand for treatment
The ailing tusker ‘Muthu Raja’ was airlifted to Thailand by a special flight which left the Bandaranaike International Airport (BIA) this morning.
The tusker is expected to receive treatment from Thai veterinary surgeons after reaching…
Teen of Sri Lankan origin arrested over murder of young girl in Rome
A Rome preliminary investigations judge (GIP) on Saturday ruled that a 17-year-old boy accused of murdering a girl of his same age in the north of the Italian capital this week should remain under arrest.
The boy was taken to a juvenile…
Proposed domestic debt optimization strategy passed in Parliament
The Resolution on Domestic Debt Optimization (DDO) was passed in Parliament with amendments a short while ago (01 July).
Accordingly, the DDO strategy was passed in Parliament with a majority of 60 votes, with 122 votes in favour and 62…
Parliamentary debate on domestic debt restructuring program today
A full-day special parliamentary session is taking place today during which the lawmakers will debate the proposed domestic debt optimization (DDO) plan.
The Members of Parliament will vote on the proposed DDO if a division is requested…
Sri Lanka seeks more cooperation with China and rejects ‘debt trap’ claims
China has invested a lot in Sri Lanka in recent years and Sri Lanka looks forward to expanding the mutually beneficial partnership, Ali Sabry, Sri Lanka’s minister of foreign affairs, told the media during his visit to China.…