Nepalese Forbes listed billionaire Binod Chaudhary announced the massive acquisition of majority shares in UBC (United Bank of Colombo), Srilanka.
In Defense of Sri Lanka’s Defense Budget
Reducing allocation for defense will require retrenching soldiers. Cutting loose angry youth with weapons skills is not what the crisis-ridden island needs now.
In Defense of Sri Lanka’s Defense Budget
Reducing allocation for defense will require retrenching soldiers. Cutting loose angry youth with weapons skills is not what the crisis-ridden island needs now.
Sri Lanka holds all-party meet to resolve Tamil’s political autonomy issue
An all-party meeting was held here to discuss the 13th Amendment to Sri Lanka’s Constitution as mooted by India to resolve the demand for political autonomy for the minority Tamils …
Re-expropriation of Sri Lanka plantation land to violate property rights, scare investors
Attempts to re-expropriate assets of Sri Lanka’s privatized commercial plantations on the pretext of being under-utilized will undermine property rights and discourage investors, officials and …
IMF not expected to discuss Sri Lanka before year-end -sources
The executive board of the International Monetary Fund is not expected to formally approve Sri Lanka’s $2.9 billion bailout before year-end, a key step required for the embattled country to receive …
Re-expropriation of Sri Lanka plantation land will violate property rights, scare investors
Sri Lanka’s privatized plantations which are on 50-year lease have only 70,000 hectares of land. Plantations are an emblematic case in Sri Lanka’s post-independence economic decline where they were …
Sri Lanka weighs favoured creditor clause to speed up debt talks
COLUMBO: Sri Lanka is considering using a special clause to expedite its debt restructuring negotiations, according to people familiar with the matter, as prolonged talks risk delaying a crucial …
Navy Chief R Hari Kumar arrives in Sri Lanka for four-day official visit
Chief of Naval Staff Admiral R Hari Kumar has been invited as the Chief Guest and Reviewing Officer for the Commissioning Parade at the Naval and Maritime Academy …
Discouraging support for Sri Lanka counterproductive – High Commissioner of New Zealand in Sri Lanka, Michael Appleton
At a time when sri lanka is seeking international support for a critical agreement with the International Monetary Fund (IMF), New Zealand…. ..