Page 55 - Sri Lanka

M&M Finance's looks to double AUM of Lankan venture

Company exploring entry into Bangladesh

Sri Lankan Navy arrests 22 Indian fishermen for alleged poaching

The Sri Lankan Navy has arrested 22 Indian fishermen and seized two fishing trawlers for allegedly poaching in the country's territorial waters.

Sri Lanka halts stock trading twice amid mounting economic crisis

The stock exchange suspended trading for 30 minutes twice, first when the gauge fell 5%, then when it declined to more than 7.5%

Sri Lanka open to discussions with IMF as economic situation worsens

Sri Lanka is open to discussions with the IMF and other multilateral lenders for assistance, a cabinet spokesman said on Tuesday, as it faces its worst economic crisis in years.

Lankan Tamil leaders write to Stalin, seek Centre's help for Amendment 13

Sri Lanka's Tamil National Alliance wrote to Tamil Nadu CM M K Stalin, seeking India's intervention in the implementation of the contentious 13th Amendment.

Australia wins 4th Twenty20 match in a row over Sri Lanka

Player of the match Glenn Maxwell scored 48 runs from 39 balls to pace Australia to a six-wicket win over Sri Lanka

Shortage of Suzuki car mirrors reflects Sri Lanka's growing economic crisis

The scramble for the humble product highlights rising economic risks for the South Asian country as imports slump, foreign exchange reserves plummet and a potential sovereign default looms

Sri Lankan FM to visit India to formalise economic relief package

In January, India announced a USD 900 million loan to Sri Lanka to build up its depleted foreign reserves and for food imports, amid a shortage of almost all essential commodities in the country.

BCCI announces revised schedule for Lanka series, T20s to be played first

It was recently reported by media that the T20s against the Lankan side will take place before Test matches in Mohali and Bengaluru and the cricket body has now confirmed it

Stalin seeks PM's intervention in release of 29 fishermen from Sri Lanka

In a letter to PM Modi, he said the incident has come as a rude shock to the people of the state.

Sri Lankan FM to meet S.Jaishankar on 3-day visit to India

Sri Lankan Foreign Minister G.L. Peiris is slated embark on a three-day visit to India during which he will meet External Affairs Minister S. Jaishankar and Foreign Secretary Harsh Vardhan Shringla.

56 Indian fishermen released by Sri Lanka on January 25, says govt

Fifty-six Indian fishermen were released by Sri Lanka on January 25, the government said on Thursday, insisting that both sides should ensure that there was no use of force against the community

Exim Bank extends LOC of $500 mn to Sri Lanka for buying petro products

Export-Import Bank of India (Exim Bank) Thursday said it has extended a line of credit of $500 mn to Sri Lanka for financing the purchase of petroleum products.

Sri Lanka signs $500 million credit line with India to import fuel

Sri Lanka is struggling with its worst financial crisis in years with reserves hitting $3.1 billion in December. The country has to repay about $4 billion in debt repayments this year.

Senior Sri Lanka pacer Suranga Lakmal to retire after India tour

Senior Sri Lanka pacer Suranga Lakmal will retire from all formats of cricket after the tour of India which begins later this month. The 34-year-old Lakmal, a former Test captain, has played 68 Tests, 86 ODIs and 11 T20s. "Former Sri Lanka Test Captain Suranga Lakmal has informed Sri Lanka Cricket that he will retire from all forms of International Cricket following the completion of the upcoming Sri Lanka Tour of India 2022," Sri Lanka Cricket said in a statement. Lakmal thanked SLC for for its support. "I'm indebted to SLC for giving me this astonishing opportunity and having faith in me to bring back my mother land honour as it has been absolute pleasure to be associated with the board that shaped my professional life and also enriched my personal development, said Lakmal in his retirement letter submitted to SLC. I have nothing but the utmost respect for all my players, coaches, team managers, support staff, administrative staff and all other supportive staff,'' he said. Sri

Sri Lanka's inflation rate accelerates to Asia's fastest, shows data

President Gotabaya Rajapaksa's administration announced a $1-billion relief package this month

Malinga appointed as specialist bowling coach for SL's Australia tour

Legendary pacer Lasith Malinga has been appointed as a specialist bowling coach for Sri Lanka's senior men's national team's upcoming tour of Australia, country's cricket board announced on Wednesday. "Malinga, in his new short-term role as a specialist coach, will support Sri Lanka's bowlers, providing tactical insight and technical expertise to help the on-field execution of strategic plans," Sri Lanka Cricket (SLC) said in a release. "SLC is confident that Malinga's vast experience and renowned death-bowling expertise, especially in the T20 format, will help the team immensely going into this series." Sri Lanka are scheduled to play five T20 Internationals in Australia starting from February 11. The former player, one of the island nation's greatest fast bowlers, has worked as a mentor for Mumbai Indians in the Indian Premier League in 2018. The 38-year-old Malinga was appointed by the executive committee of SLC in consultation with the technical advisory committee of the Lanka

India, Sri Lanka extend science and tech cooperation for next 3 years

With focus on new areas such as waste-water technologies, biotech, sustainable agriculture, India and Sri Lanka extended the existing science and technology cooperation for three more years.

India-Sri Lanka extend science and technology cooperation for 3 more years

India and Sri Lanka have extended their science and technology cooperation for three more years, with focus on areas like waste-water technologies, sustainable agriculture, aerospace engineering, big data analytics, and artificial intelligence. In a statement, the science and technology ministry said the decision to extend the cooperation was taken at the India-Sri Lanka 5th Joint Committee on S&T Cooperation' held on Thursday. India and Sri Lanka have a great legacy of intellectual, cultural, and religious interaction and relationship of more than 2,500 years old, Advisor, and Head, International Cooperation, Department of Science and Technology (DST) SK Varshney said. Trade and investment and cooperation in education and other sectors have gone up in recent times, and in this line, cooperation in S&T (science and technology) becomes very critical, said Varshney, who led the delegation from India and was the Indian co-chair. This platform will provide an opportunity for ...

Sri Lanka settles sovereign bond payment as reserves dwindle

The Indian ocean island nation is in its worst crisis in decades, with people facing shortages of essentials like milk powder, cooking gas and kerosene.