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Tag: Sri Lanka

Posted on November 29, 2020

China Regains Clout in Sri Lanka With Family’s Return to Power

With the return to power of the Rajapaksa family, Sri Lanka is deepening its ties to Beijing despite U.S. efforts to gain influence, with China poised to start building a $13 billion city on Sri Lanka …

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Posted on November 29, 2020

Sri Lanka digs trench to keep elephants away from rubbish dump

A trench is being dug around a rubbish dump in Sri Lanka to deter elephants from scavenging for food among mounds of plastic waste. Elephants regularly swarm to the landfill site near a wildlife …

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Posted on November 29, 2020

Hotels in Sri Lanka want closure on opening up

Sri Lanka is among the fewer 52 countries in the world that has not yet revived its tourism industry with some of the smaller hotels closed and over 500,000 workers still reeling from the toll of …

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Posted on November 28, 2020

CA Sri Lanka’s BSc. Degree Graduates can fast-track their way to become Chartered Accountants by completing only the final level

Graduates of the special degree will only need to complete the Strategic Level of the CA Sri Lanka Chartered Accounting programme while enjoying exemptions from the Business Level and the Corporate …

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Posted on November 28, 2020

Eyeing China, NSA Doval looks to promote Indo-Pacific strategy in Sri Lanka

New Delhi: National Security Advisor (NSA) Ajit Doval’s visit to Sri Lanka Friday for the trilateral maritime cooperation was an attempt to bring Colombo closer to the Indo-Pacific cooperation, …

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Posted on November 28, 2020

UPDATE 2-Fitch downgrades Sri Lanka on rising default risk

Fitch downgraded Sri Lanka’s sovereign credit rating to “CCC” on Friday, warning the country’s debt levels were set to soar past 100% of GDP and that it was increasingly at risk of default.

( read original story …)



Posted on November 28, 2020

UPDATE 1-Fitch downgrades Sri Lanka as default fears loom

Ratings agency Fitch downgraded Sri Lanka’s sovereign debt to “CCC” on Friday, warning that the country was at increasing risk of missing debt payments due to the coronavirus pandemic.

( read original story …)



Posted on November 28, 2020

UPDATE 2-Fitch downgrades Sri Lanka on rising default risk

Fitch downgraded Sri Lanka’s sovereign credit rating to “CCC” on Friday, warning the country’s debt levels were set to soar past 100% of GDP and that it was increasingly at risk of default.

( read original story …)



Posted on November 28, 2020

Sri Lanka can build back better from COVID-19 – WB Country Director

The World Bank’s new Country Director for Maldives, Nepal and Sri Lanka, Faris Hadad-Zervos, completed his first visit to Sri Lanka yesterday. The purpose of his visit was to meet key policymakers and …

( read original story …)



Posted on November 28, 2020

UPDATE 1-Fitch downgrades Sri Lanka as default fears loom

Ratings agency Fitch downgraded Sri Lanka’s sovereign debt to “CCC” on Friday, warning that the country was at increasing risk of missing debt payments due to the coronavirus pandemic.

( read original story …)



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