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Dengue fever outbreak: Sri Lanka update
Dengue fever outbreak: Sri Lanka update

The outbreak of dengue fever in Sri Lanka is spreading at epidemic levels with the latest case count at 63,987, including 177 deaths as of today. This compares with the approximately 23,000 cases reported during the same period in 2016.This has prompted the Presidential Task Force on Prevention of Dengue and the Ministry of Health to declare an hour every week for…

NT - Jun 16 19:02 GMT - more ... [ Tags: World, SriLanka, Economy ]

Sri Lanka: A country trapped in debt
Sri Lanka: A country trapped in debt
Sri Lanka: A country trapped in debt

China is investing billions of dollars in infrastructure and developments in Sri Lanka, but many local citizens feel the country is being sold to the Chinese. Normally the roads leading to Asian ports are bustling. Trucks loaded with cargo. Small shops where lorry drivers and workers take a tea break. Hambantota port in southern Sri Lanka is starkly different. …

BBC - May 26 07:50 GMT - more ... [ Tags: World, Economy, China ]

Gary Anandasangaree
  • India-Sri Lanka: A grim tale of economic cooperation

    India-Sri Lanka: A grim tale of economic cooperation

    On May 11, Prime Minister Narendra Modi visited Sri Lanka to attend the International ‘Vesak Day’ celebrations, just two weeks after Sri Lankan Prime Minister Ranil Wickremesinghe’s five-day visit to New Delhi. PM Modi’s visit marked the seventh interaction between the Indian and Sri Lankan heads of state since 2015, which is suggestive of vigorous high-level …

    Daily Mirror - May 26 07:49 GMT - more ...
    [ Tags: India, Economy ]

  • The EU grants enhanced market access for Sri Lanka as a reform incentive

    The EU grants enhanced market access for Sri Lanka as a reform incentive

    The European Union will remove a significant part of the remaining import duties on Sri Lankan products entering the EU market in exchange for the country's commitment to ratify and effectively implement 27 international conventions on human rights, labour conditions, protection of the environment, and good governance. These one-way trade preferences will consist of…

    EU - May 16 15:26 GMT - more ...
    [ Tags: EU, Economy, WarCrimes ]

  • Sri Lanka’s airline sell off fails, seeks new partner

    Sri Lanka’s airline sell off fails, seeks new partner

    A US equity firm that bid to buy a stake in Sri Lanka’s loss-making national airline has pulled its offer, officials said today as the carrier scrambled for a new partner. TPG, a San Francisco-based private equity firm, has withdrawn its bid for a 49 percent stake in Sri Lankan, dashing hopes of a quick revival of the airline. “After completing the due diligence,…

    AFP - May 06 13:13 GMT - more ...
    [ Tags: Colombo, Economy, WarCrimes ]

  • RTI can be game changer in Sri Lanka’s path to prosperity: World Bank

    RTI can be game changer in Sri Lanka’s path to prosperity: World Bank

    Sri Lanka’s newly enacted Right to Information (RTI) Act if used effectively can be key for the country’s transition to upper-middle income status and to increasing its shared prosperity, a senior World Bank official said. “RTI law is a game changer in Sri Lanka’s path to prosperity if used with a focus on development effectiveness,” Jan Walliser, the…

    LBO - May 05 10:35 GMT - more ...
    [ Tags: SriLanka, Economy, WarCrimes ]

  • Sri Lanka to go ahead with proposed oil deal with India: Government

    Sri Lanka to go ahead with proposed oil deal with India: Government

    The Sri Lankan government today said it will go ahead with its plans to strike a deal with India to jointly operate a strategic oil facility in the eastern port district of Trincomalee despite opposition from other parties. "Suddenly objections are being raised for a deal which has been coming since 2002," Finance Minister Ravi Karunanayake told Parliament,…

    ET - May 03 19:12 GMT - more ...
    [ Tags: India, SriLanka, Economy ]

  • -First round win but issues ahead

    -First round win but issues ahead

    The Sri Lanka Government claimed victory on Friday after an unexpected resolution before the European Parliament objecting to the resumption of GSP+ concessions was defeated but issues loom ahead when eventually concessions are secured. While welcoming the pro-Sri Lanka vote in the European Parliament, Felix Fernando, Chairman – Sri Lanka Apparel Exporters…

    ST - Apr 29 21:47 GMT - more ...
    [ Tags: EU, SriLanka, Economy ]

  • Oil workers' strike triggers gasoline lines in Sri Lanka

    Oil workers\' strike triggers gasoline lines in Sri Lanka

    Long lines formed at gasoline stations across Sri Lanka on Monday as workers from a state-run petroleum company went on strike to protest the government's plan to lease out oil tanks to neighboring India. D.J. Rajakaruna, secretary of the Ceylon Petroleum Common Workers Union, said workers stopped releasing fuel from 12 storage facilities on Sunday night. He said…

    News Tribune - Apr 24 11:45 GMT - more ...
    [ Tags: India, SriLanka, Economy ]

  • Sri Lanka finance minister pledges fiscal discipline

    Sri Lanka finance minister pledges fiscal discipline

    After a warning from the International Monetary Fund about its thin foreign-currency reserves, the Sri Lankan government has pledged its commitment to strong fiscal discipline in line with conditions stipulated for a bailout by the Washington-based organization. "We should have a national vision to address burning issues in the economy, including fiscal-sector…

    Nikkei - Mar 17 13:47 GMT - more ...
    [ Tags: Economy ]

  • Mayor Tory to lead Toronto business mission to India and Sri Lanka

    Mayor Tory to lead Toronto business mission to India and Sri Lanka

    Mayor John Tory, Councillor Michael Thompson (Ward 37 Scarborough Centre), Chair of the Economic Development Committee, and Councillor Neethan Shan (Ward 42 Scarborough-Rouge River) will join a delegation of Toronto companies and organizations on a business mission to India and Sri Lanka from March 15 to 24. "We know there are opportunities to establish a bigger…

    CoT - Mar 02 17:14 GMT - more ...
    [ Tags: Jaffna, Canada, Economy ]

  • Sri Lanka and its cheap labor pool

    Sri Lanka and its cheap labor pool

    When it comes to labor costs, Sri Lanka is a bargain, considering the size of its economy, according to statistics from the Japanese trade promotion organization known as JETRO. Since the island's civil war ended in 2009, Sri Lanka's economy has been expanding. Its per-capita gross domestic product for 2015, as reported by the Central Bank of Sri Lanka, was $3,924…

    Nikkei - Mar 02 12:04 GMT - more ...
    [ Tags: HumanRights, World, Economy ]

  • China's 'New Silk Road' Is Derailed In Sri Lanka By Political Chaos And Violent Protests

    China\'s \'New Silk Road\' Is Derailed In Sri Lanka By Political Chaos And Violent Protests

    It was supposed to be a great new catalyst of transportation, manufacturing, and trade that would be used to stimulate growth in Sri Lanka’s remote Hambantota district. The dream was for Sri Lanka, China, and other nations to join together in the building of a new international city that would rise up from the southern jungles that could complement booming Colombo,…

    Forbes - Feb 23 08:08 GMT - more ...
    [ Tags: Politics, Economy, China ]

  • China 'Silk Road' project in Sri Lanka delayed as Beijing toughens stance

    China \'Silk Road\' project in Sri Lanka delayed as Beijing toughens stance

    China will delay a planned $1.1 billion investment in a port on its modern-day "Silk Road" until Sri Lanka clears legal and political obstacles to a related project, sources familiar with the talks said, piling more pressure on the island nation. Heavily indebted Sri Lanka needs the money, but payment for China's interests in Hambantota port could be held up by…

    Reuters - Feb 16 15:29 GMT - more ...
    [ Tags: Politics, Economy, China ]

  • Sri Lanka has potential to become next Asian Tiger: US

    Sri Lanka has potential to become next Asian Tiger: US

    Sri Lanka has the potential to become the next Asian Tiger, a top US official said, lauding the government's renewed commitment towards reconciliation and unprecedented level of cooperation between the two countries. "The United States will continue to stand with you as your friend and your partner. While our level of cooperation today is unprecedented, there is…

    PTI - Feb 08 14:54 GMT - more ...
    [ Tags: USA, Economy ]

  • Chinese media slams India's 'meddling' in Sri Lanka

    Chinese media slams India\'s \'meddling\' in Sri Lanka

    Two articles in the party-run Global Times, a tabloid known for its nationalistic views, stressed that China would go ahead with its increasing economic investments in Sri Lanka, which have drawn attention in India. China's media on Tuesday hit out at what it described as India's 'meddling' into Chinese projects in Sri Lanka, stating that Beijing would press on with…

    India T - Feb 07 11:09 GMT - more ...
    [ Tags: India, Economy, China ]

    Related:
      - China’s state-run newspaper says India working against Beijing’s interests in Sri Lanka - Hindustan Times
  • European Commission proposes GSP+ to SL

    European Commission proposes GSP+ to SL

    The European Commission today proposed that a significant part of the remaining import duties on Sri Lankan products should be removed by the European Union in exchange for the country's commitment to ratify and effectively implement 27 international conventions on human rights, labour conditions, protection of the environment and good governance. Removal of…

    Daily Mirror - Jan 11 21:37 GMT - more ...
    [ Tags: History, Economy, WarCrimes ]

  • China betting on regime change in Sri Lanka?

    China betting on regime change in Sri Lanka?

    The highly unusual outburst by China's ambassador criticising Sri Lanka's finance minister and the island's economic policies is seen by many analysts as a sign that Beijing may be expecting a regime change in Colombo. Chinese ambassador Yi Xianliang called a rare press conference Tuesday and criticised Finance Minister Ravi Karunanayake by name, not once, but…

    EN - Nov 04 16:52 GMT - more ...
    [ Tags: SriLanka, Economy, China ]

    Related:
      - If Chinese loans are expensive, why ask for another? - Daily Mirror
  • Looking at Economic Affairs in Sri Lanka

    Looking at Economic Affairs in Sri Lanka

    There was suspicion in the market that Perpetual Treasuries had benefitted from some inside information throughout to superperform in the market, making longstanding and large primary dealers just dwarfs. This was confirmed by the financial results which they had published in terms of the Central Bank requirements. Accordingly, from February 2014 to March 2016, they…

    Huffington Post - Nov 03 18:45 GMT - more ...
    [ Tags: History, SriLanka, Economy ]

    Related:
      - COPE probe will be impartial: President - Daily Mirror
  • Over 200,000 people affected by drought

    Over 200,000 people affected by drought

    Nearly 208,000 persons from 51, 561 families in several districts have been affected by the prevailing drought. According to the Disaster Management Center sources, 69,678 people in Eastern Province, 8,600 people in Northern Province, 8,422 people in North Western Province, over 10, 000 people in Sabaragamuwa Province, and 110, 350 people from 23,000 families in…

    RW - Oct 05 15:26 GMT - more ...
    [ Tags: History, SriLanka, Economy ]

    Related:
      - Sri Lanka: Over 200,000 Affected By Drought - EurAsiaReview
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