Sri Lanka owed Chinese lenders USD 7.4 billion - nearly a fifth of its public external debt - by the end of last year, calculations by the China Africa Research Initiative (CARI) published on Wednesday showed, an estimate higher than many others. MORE..
Sri Lanka s State Minister of Finance Shehan Semasinghe says today (June 12) marks a significant milestone for Sri Lanka s economy as the International Monetary Fund s executive board is scheduled to discuss the second review of the Extended Fund Facility (EFF) and Article IV consultation.
Fisheries Minister Douglas Devananda underscored the commitment of the government to protecting and revitalizing Oluvil Port, citing its significance for the advancement of the country.
The Sagarika train has suffered a breakdown at Kalutara, leading to significant delays along the coastal railway line, according to Sri Lanka Railways.
Nepal, which earlier hesitated to completely pivot towards China because of several economic and geopolitical factors, seems to have tilted heavily towards its big northern neighbor, giving it an opportunity to further increase its footprint in the Himalayan country’s political, economic, and social space. Yet what concerns Nepal watchers the most is the Himalayan nation’s […]
The Public Utilities Commission of Sri Lanka (PUCSL) says that the granting of approval for the new electricity tariff revision proposed by the Ceylon Electricity Board (CEB) is anticipated to be finalized by mid-July.
Hunter Biden was convicted Tuesday of all three felony charges related to the purchase of a revolver in 2018 when, prosecutors argued, the president s son lied on a mandatory gun-purchase form by saying he was not illegally using or addicted to drugs.
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