Page 61 - Sri Lanka

Sri Lanka signs three-year $1.5 billion currency swap deal with China

Sri Lanka will exchange currency with China under a 10 billion yuan (about $1.5 billion) deal aimed at promoting trade and investment between the two countries, the island nation's central bank said

China in $1.5-billion swap deal as Sri Lanka seeks to shun IMF

The Central Bank of Sri Lanka is entitled to a 10 billion yuan ($1.5 billion) swap facility from the People's Bank of China, Sri Lanka's monetary authority said in a statement Monday

India must vote in favour of UN resolution against Sri Lanka: Chidambaram

Senior Congress leader P Chidambaram on Saturday said India must vote in favour of the United Nations resolution calling out "human rights violations" by the Sri Lankan government

Stone from Sita Eliya in Sri Lanka to be used for making Ayodhya Ram temple

A stone from Sita Eliya, the place where Goddess Sita is believed to have been held as a captive by Ravana in Sri Lanka, will be used in the construction of Ram temple in Ayodhya

India hands over training aids to Lankan Navy for capacity building

India's envoy in Sri Lanka has underlined the importance of close cooperation between the navies of the two countries as an essential part of the overall bilateral engagement

Adani Ports to develop container terminal in Sri Lanka

Adani Ports partners John Keells Holdings PLC and Sri Lankan Port Authority to develop the West Container Terminal of Colombo Port in Sri Lanka on a Build, Operate and Transfer basis for 35 years

1st ODI: Hope ton takes Windies to 8-wicket win over Sri Lanka

Opener Shai Hope scored 110 to lead West Indies to an eight-wicket win over Sri Lanka in the first ODI at the Sir Vivian Richards Stadium

Sri Lanka invites foreign minister of Myanmar junta for BIMSTEC meet

Lanka has invited the new foreign minister of Myanmar's junta to BIMSTEC ministerial meeting next month, triggering a controversy that it is endorsing the military coup in the Southeast Asian nation

Sri Lanka receives 10 state-of-the-art railway passenger coaches from India

Sri Lanka has received ten state-of-the-art railway passenger coaches from India as part of the supply of 160 coaches to Sri Lankan Railways by the Rail India Technical and Economic Service (RITES).

Malaysia's contrarian 1998 playbook helps Sri Lanka shun IMF for China

Island nation picks a cue from the contrarian playbook Malaysia used during the days of the Asian crisis in 1998

Sri Lanka appoints Tom Moody as Director of Cricket for three years

Former Australia all-rounder Tom Moody has been appointed as the director of cricket of Sri Lanka, the country's cricket board said on Sunday. Moody was appointed to the post on the recommendations by the Technical Advisory Committee of Sri Lanka Cricket after the recent poor showings against South Africa and England. Moody has been handed a three-year contract and as per the agreement, the 55-year-old is expected to carry out 300 days of 'Mandatory Assignment'. His job profile entails, "the Analysis of the Future Tour Program, focusing on the Domestic Tournament Structure, Player Welfare, Education and Skill Development, Coaching and Support Staff Structure and High Performance and Data Analytics", SLC stated in a statement. Moody's appointment is effective from Monday. Moody was Sri Lanka's head coach between 2005 and 2007 when island nation made it to the final of the World Cup in the Caribbean. Moody has also served as the director of cricket of the Caribbean Premier League,

Sri Lanka, Pakistan agree to strengthen cooperation in various areas

The agreement came as visiting Pakistani Prime Minister Imran Khan met here with Sri Lankan President Gotabaya Rajapaksa for bilateral ties

Sri Lankan foreign min appeals for rejection of UN rights body resolution

The minister described the impending resolution as unsubstantiated and a pure political move against Sri Lanka

Imran says Pak seeks to enhance trade ties with Sri Lanka through CPEC

Pakistan Prime Minister Imran Khan on Tuesday said that he was looking forward to enhancing trade ties with Sri Lanka through the multi-billion dollar China-Pakistan Economic Corridor (CPEC). Khan, in an address following his meeting with his Sri Lankan counterpart Mahinda Rajapaksa, said that his maiden visit is aimed at strengthening the bilateral relationship. It is to strengthen our trading ties. Pakistan is part of the Belt and Road Initiative (BRI) of China, the CPEC is one of its flagship programmes," he said. Khan said that the CPEC means connectivity right up to Central Asia. "We also discussed other areas where we can enhance our trading ties where Sri Lanka can benefit from Pakistan's connectivity in the future, right up to central Asia. And our trading ties will also mean that the two countries will get together," he said. The CPEC, which connects Gwadar Port in Balochistan with China's Xinjiang province, is the flagship project of Chinese President Xi Jinping's ambiti

Sri Lanka officially seeks Indian support ahead of key UNHRC sessions

Speaking to Hitu TV, Foreign Ministry Permanent Secretary Jayanath Colombage said India was the first country that Sri Lanka had turned to for support

Sri Lanka to procure 10 million doses of Covid-19 vaccine from India

Sri Lanka will purchase 10 million doses of Oxford-AstraZeneca vaccine from India, officials here have said

Indian mission in Sri Lanka denies Trincomalee oil tanks deal off

The Indian High Commission here has rejected Sri Lankan energy minister's claim that the deal between the two countries on Trincomalee oil tanks leased to the Indian Oil Corporation has been scrapped.

Sri Lanka to re-acquire 99 oil tanks leased to Indian Oil Corp: Minister

Sri Lanka will re-acquire 99 World War II-era oil storage tanks leased to Indian Oil Corporation in the eastern port district of Trincomalee

Muttiah Muralitharan among group asking court to reform Sri Lanka cricket

Former test opener Sidath Wettimuny and Michael Tissera, who played for Sri Lanka in the inaugural 1975 World Cup and later became manager, are among a group of 12 who petitioned the court

Sri Lanka settles $400 million currency swap facility with India

Sri Lanka has settled a USD 400 million currency swap facility with India, the Indian High Commission here said on Friday. The Reserve Bank of India (RBI) and the Central Bank of Sri Lanka (CBSL) had concluded the USD 400 million currency swap agreement in July last year under the SAARC currency swap framework. "This swap facility was drawn by CBSL on July 31, 2020 for an initial period of three months. A three-month rollover was provided at CBSL's request till February 1, 2021," the high commission said in a statement. "Further extension would require Sri Lanka having a successfully negotiated staff level agreement for an IMF (International Monetary Fund) programme, which Sri Lanka does not have at present," it said, adding that the CBSL settled the swap facility with the RBI as scheduled. "It is reiterated that India abides by all of its international and bilateral commitments in letter and spirit," it said. The SAARC currency swap framework came into operation on November 15, 2