News

Clifford Chance, the legal advisor for Sri Lanka's debt restructuring programme, has requested a 30-day extension of the pretrial conference scheduled for August 26 on the case filed against Sri Lanka by the Hamilton Reserve Bank in a letter dated...

Last night, the Chinese CZ5B rocket, which was launched on July 24, collided with the Earth. The Indian Ocean was one of the expected areas, with parts of it crashing into the Sulu Sea off the coast of the Philippines...

The decision to extend the state of emergency for a month by Parliament will further hit the tourism industry that is expected to bring in the necessary foreign exchange to Sri Lanka. THASL President M. Shanthikumar said: "Our arrivals to...

The Sri Lanka Junior Athletics team was unable to travel to the World Athletics Junior Championship in Cali, Colombia as planned due to officials' failure to provide them with flight tickets on time. The tournament was set to feature seven...

The military and strategic implications of Chinese spy ship 'Yuan Wang 5' in the Indian Ocean Region are manifold and will have major consequences for the Indian security architecture. The ship has a distinct role in missile and satellite tracking...

According to parliamentary sources, all MPs' fuel allowances have been suddenly increased by nearly two lakh rupees. As a result, a member of parliament in a remote area like Jaffna will be credited with an additional amount of nearly two...

Economic instability has Indian investors and exporters worried about receiving payments. The Indian government is doing what it can to help keep essential goods moving. As Sri Lanka's political and economic crisis continues to spiral downward, trade with neighboring India...

The new India Today news paper reported today anti Prime Minister Modi protest taking root in India. It is said these protests takes shape as it happened in Sri Lanka. The members of 'Thanthai Periyar Dravidar Kazhagam' has staged a...

Sri Lanka’s Colombo Dockyard, a unit of Japan’s Onomichi Dockyard said it had lost a shipbuilding contract after the Indian Ocean Island’s government defaulted on its foreign debt. Sri Lanka was downgraded to selective default by rating agencies after it...

 The World Bank does not plan to offer new financing to Sri Lanka, which is battling its worst economic crisis in decades, until the Indian Ocean nation has an adequate macroeconomic policy framework in place, the lender said on Thursday....