Sri Lanka – Page 23 – Asian News from UK

Sri Lanka hopes for IMF loan, but China’s stance a roadblock

Sri Lanka is likely to get that elusive $2.9 billion from the IMF in the first quarter this year provided China decides to play ball and dump its notorious debt trap diplomacy…reports

February 24, 2023

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Lanka approves Adani Group’s two wind power plants

The new projects will generate nearly 1,500-2,000 employment opportunities…writes Susitha Fernando Struggling to generate power amid the ongoing financial crisis, Sri Lanka has given the go-ahead to two wind power plants by

February 23, 2023

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Sri Lanka ends power cuts after tariff hike

The tariff hike is likely to generate revenue of around LKR 287 billion in the cash-strapped nation…reports Asian Lite News Sri Lankan Power and Energy Minister Kanchana Wijesekera has assured that no

February 17, 2023

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Ranil pins hopes on IMF bailout package by March

Wickremesinghe added that the country needs to have political stability to carry out the debt restructuring process…reports Asian Lite News Sri Lankan President Ranil Wickremesinghe on Wednesday said he is hopeful that

February 16, 2023

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Sri Lanka gears up to hike power tariffs by 66%

The Ceylon Electricity Board suffered an estimated loss of Rs 152 billion ($416 million) in 2022…reports Asian Lite News Sri Lanka’s electricity regulator, Public Utilities Commission (PUCSL), on Wednesday approved increasing the

February 16, 2023

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Non-urgent surgeries put on hold in Lanka

Sri Lanka has been facing a medical shortage since 2022 due to its balance of payment crisis, and the price of medicine has also gone up last year due to rising inflation…reports

February 12, 2023

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Lanka provides Ceylon tea to quake-hit Turkey

The donation was coordinated by the Prime Minister’s Office, the Ministry of Foreign Affairs and the Sri Lanka Tea Board…reports Asian Lite News Sri Lanka’s government has donated a consignment of Ceylon

February 12, 2023

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Pakistan Pledges Military Assistance to Sri Lanka

General Mirza also met Sri Lanka’s President Ranil Wickremesinghe, reports Asian Lite News Visiting Chairman Joint Chiefs of Staff Committee (CJCSC) of Pakistan, General Sahir Shamshad Mirza NI (M), has pledged Pakistan’s

February 10, 2023

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Paris Club backs IMF bailout for Lanka, hails India’s role

The Paris Club members also urged China, among other official bilateral creditors, to do the same in line with the IMF programme parameters as soon as possible….reports Susitha Fernando Paris Club creditors,

February 8, 2023

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India provides 50 more buses to Lanka

So far, India has handed over 165 buses as the registration of 40 is already being done…reports Asian Lite News Colombo, Feb 5 (IANS) Marking the island nation’s 75th Independence anniversary, India

February 5, 2023

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Sri Lanka - Page 23