India Came Forward To Help During Tough Times, Says Sri Lankan Finance Minister

A Chinese spy ship docked at Sri Lankan port recentlyMumbai: India came forward to help during tough times, said Sri Lankan Finance Minister Shehan Semansinghe in Mumbai on Friday.Semasinghe said, "India played a major role in Sri Lanka’s recovery process and stabilization process. And I’m sure will play a major role in the growth of the economy, too. So we are thankful to the government of India

August 11, 2023
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Japan Attaches Importance To Ties With India & Sri Lanka, Says Envoy

NEW DELHI: In an Ambassador-level trilateral meeting, India, Japan and Sri Lanka, spoke about ways to forge ties that would lead to a free and open Indo Pacific."The Japanese PM, Fumio Kishida, had highlighted that South Asia as one of the major pillars in Free and Open Indo Pacific. Japan attaches primary importance to ties to India and Sri Lanka as they are indispensable partners,’’ said

August 11, 2023
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Chinese Naval Surveillance (Spy) Warship Docks In Colombo Port: Report

COLOMBO: A Chinese Navy warship capable of surveillance has docked at the Colombo port, nearly a year after another spy vessel berthed at a strategic port in the country and raised concerns in India. The Chinese People’s Liberation Army Navy warship HAI YANG 24 HAO arrived at the port of Colombo on Thursday, the Sri Lankan Navy said. The vessel is to leave on Saturday."The 129 metre-long ship

August 11, 2023
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Japan Value India’s Positive Role In Lankan Economic Recovery, Says Envoy Hiroshi Suzuki

New Delhi: Hailing New Delhi’s role in Sri Lankan debt restructuring, Japanese Ambassador to India Hiroshi Suzuki said that India’s issuance of financing assurances to Sri Lanka at the time of its economic crisis was instrumental in accelerating the process of Sri Lanka’s debt restructuring and that it appreciates India’s engagement and forward-looking approach on the issue.While speaking at the

August 10, 2023
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Looking For More Destinations In India, Says Regional Manager of Sri Lankan Airlines

Bhubaneswar: The regional manager of Sri Lankan Airlines for India, Bangladesh and Nepal, V Ravindran, on Friday said the island nation was recovering well from the economic crisis and the carrier was looking to add more destinations, especially in India.He added that Lanka’s national carrier was looking forward to operating at its pre-pandemic frequency."We are interested to operate in any

August 5, 2023
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Authorisation of INR As Designated Currency Do Not Make It A Legal Tender, Clarifies Sri Lanka Central Bank

Colombo: The Central Bank of Sri Lanka (CBSL) has clarified certain misrepresentations of facts currently circulating in the public domain on Indian Rupee (INR), according to an official statement.The Central Bank of Sri Lanka while noting that the authorisation of INR as a designated currency does not make INR a legal tender in Sri Lanka for domestic payments/settlements, said that any

August 2, 2023
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India Eyes China’s ‘Triangle of Death’, Race For Influence In Sri Lanka With Energy, Maritime Deals: Chinese Media

A Chinese SPY ship docked at Hambantota port in August last yearIndia’s recent moves in Sri Lanka are part of a strategy to boost its influence and presence as the ‘strongest player’ in South Asia, observers say. But they warn that the power imbalance between the two means Sri Lanka runs the risk of ‘one-sided deals’ that may not benefit its peopleby Dimuthu AttanayakeSri Lanka and India have

August 2, 2023
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‘During Economic Crisis, Everyone Became Aware Who Is Our Real Friend’: Sri Lankan Minister

Chennai: The India-Sri Lanka relationship is strong and close, and it was revealed during the economic crisis who is a real friend of Sri Lanka, Sri Lankan Minister Jeevan Thondaman said on Monday.He stressed that a “permanent solution” to the fishermen issue is important for India-Sri Lanka cultural and economic ties.The Sri Lanka Minister for Water Resources and Estate Infrastructure was giving

July 31, 2023
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Sri Lanka’s Inflation Drops To Single-Digit Levels In July

Colombo: Sri Lanka finally witnessed a downfall in the inflation rate as it reached single-digit levels, Daily Mirror reported citing Colombo Consumer Price Index (CCPI) data.Sri Lanka’s inflation rate dropped to single-digit levels, 6.3 per cent in July, easing from 12 per cent in June.The sharp reduction in headline inflation is largely a result of the high statistical base effect stemming from

July 31, 2023
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INS Khanjar Saves 36 Fishermen In Bay of Bengal

Trincomalee: Indian Naval Ship Khanjar, mission deployed in the Southern IOR, arrived at Trincomalee, Sri Lanka for an operational turnaround. The ship was accorded a customary welcome by the Sri Lanka Navy.During the ship’s visit, the two navies will engage in various activities including professional exchanges on the topics of mutual interest, sports fixtures and visits onboard Khanjar by

July 30, 2023
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