Sri Lanka – Page 12 – Asian News from UK

ADB: Lanka’s gradual recovery expected next year

The crisis-hit economy contracted by 7.8 per cent in 2022 and is forecast to contract by 3 per cent in 2023 as it continues to grapple with the challenge of debt restructuring…reports

April 6, 2023

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SLINEX 2023: India-SL maritime exercise begins in Colombo

While addressing the forces, Deputy High Commissioner of India to Sri Lanka Vinod Jacob said it is the first SLINEX held after the COVID-19 pandemic…reports Asian Lite News Keeping up the high

April 4, 2023

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Lanka revises tourism goals

SLTDA official said Sri Lanka has already exceeded its target for March 2023, with over 112,000 tourists arriving in the first 28 days of the month…reports Asian Lite News Sri Lanka’s tourism

April 3, 2023

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Historic ferry link rekindles Indian-Lankan Tamils ties

This cross national ferry service is not by any means a new venture. In fact it’s a resuscitation of a colonial era transport service between the two countries, writes Darakhsha Qamar A

March 31, 2023

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Lanka slashes fuel prices

Sri Lanka increased fuel prices by over 200 per cent in 2022 amid the worst-ever economic crisis in the island nation since independence in 1948….reports Asian Lite News Sri Lanka’s Power and

March 29, 2023

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India, US, Japan secure IMF bailout for Sri Lanka

The IMF bailout will undoubtedly inject Sri Lanka’s economy a lifeline, but the government must follow the IMF’s guidelines, which could be one of the hardest tasks for this administration or any

March 29, 2023

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India to help Lanka in strengthening its energy sector

India already has a significant stake in Sri Lanka’s energy sector and a strategic interest in Trincomalee…reports Asian Lite News A high-level Indian delegation led by the Secretary of the Ministry of

March 26, 2023

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Lanka: Ranil’s yes to armed forces to maintain public order

The Army, Navy and Air Force have been called out for the maintenance of public order in nearly 30 districts, including capital Colombo….reports Asian Lite News Amidst looming protests mainly over tax

March 23, 2023

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IMF funding will lay foundation for a strong economy: Lanka President

The President told Parliament that the government also aims to reduce the inflation rate to 4 per cent to 6 per cent and bring it to a single digit by mid-2023…reports Asian

March 22, 2023

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‘LKR to appreciate once we enter IMF deal’

Wickremesinghe said once Sri Lanka receives the IMF funds, it can start restructuring external debt, adding that the LKR will trade between 185 to 200 against a dollar….reports Asian Lite News The

March 21, 2023

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Sri Lanka - Page 12