The IMF has undertaken field studies, held discussions and said it would help Sri Lanka, but that involves a process which requires time, Goonetilleke said, adding that it can be painful to the people of the country. Goonetilleke also said the World Bank had expressed its view, citing its...
Contrary to the narrative peddled by Beijing's critics of a so-called debt trap, China's help has become a driver for the long-term economic growth of countries that are participating in the BRI, the analysts said. In Sri Lanka, the Colombo Port City and Hambantota Port projects, as wel...
In the years since independence, Sri Lanka has experienced severe communal clashes between its Buddhist Sinhalese majority-- approximately 74 percent of the population--and the country's largest minority group, the Sri Lankan Tamils, who are Hindus and comprise nearly 13 percent of the population. ...
Dec 20 (LBO) Sri Lanka plans to invite oil companies to explore for petroleum deposits in new areas in the north of the island, a senior minister said, where Tamil Tiger rebels are active. The petroleum ministry has been given the government nod to kick off exploration in the Sri Lankan ...
A small controlled explosion occurred in Sri Lanka's capital Colombo on Wednesday when the bomb disposal unit attempted to check a suspicious motorcycle, the police said. Security personnel stand guard outside St. Anthony's Shrine in Colombo on April 22, 2019, a day after the church was hit...
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Col3neg Google Lanka Video Sri Lankan Tube SriLive YouTube Sri Lanka recovers more tsunami victim bodies Mar 1 (Xinhua) Sri Lankan police on Monday has recovered more skeletal remains of suspected victims in the Dec. 26 Tsunami tidal wave attack. Remains of some 29 bodies of people who we...
"I think (this is) definitely one of the worst economic crises since the founding" of modern-day Sri Lanka, said Lawrence Loh, director of the Centre for Governance and Sustainability at the National University of Singapore Business School. And "there are a lot of domestic and external reason...
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