COLOMBO (AFP) – Sri Lanka plans to sell a billion dollar sovereign bond this year to offset expensive short-term foreign loans, the government said Thursday. MediaMinister Keheliya Rambukwella said the cabinet approved the move this week, but did not announce a...
COLOMBO ' Sri Lankan police have filed a new case against former army chief and defeated presidential candidate Sarath Fonseka for allegedly employingmilitary deserters, his party said Tuesday. Fonseka, who is also now an opposition lawmaker, is...
web Reconciliation commission will heal wounds of conflict - President Only the military campaign is finished and the work to address the root cause of their 30-year problem is still ongoing, stated President Mahinda Rajapaksa in an interview with the ManilaTimes...
MUMBAI — The European Union is suspending preferential treatment for Sri Lankan imports because it says the government has not committed to resolving human rights complaints. Sri Lankan imports to Europe will lose “GSP-plus” treatment beginning Aug....
Colombo The Sri Lankan government on Tuesday was due to present its first budget since defeating Tamil separatist rebels last year but was not cutting defence expenditures, legislators said. Estimates presented to...
web The International Monetary Fund (IMF) today approved the immediate disbursement of US$407.8 million ( equivalent to SDR 275.6 million) as its third tranche bringing total disbursements under the arrangement to an amount equivalent to SDR 689.0 million...
web The prestigious newspaperWall StreetJournal – Asia, published an article under the above heading on Sri Lanka’s endeavour to rehabilitate its reputation in some international circles since the Sri Lankan government was being sharply criticized by human...
COLOMBO: India has agreed to lend $1 billion to fund Sri Lanka's infrastructure projects, mainly in former war zones in the country's north and east, the island nation's treasury secretary said on Thursday. "India assured us $800 million for the reconstruction of...
