Sri Lanka’s small and medium-sized banks (SMBs) will have to brace for a turbulent period ahead, stemming from the weaker asset quality and pressure on profits among a host of other problems in a hobbling economy, Fitch Ratings said in a brief note on the club of seven banks.Fitch Ratings, which analysed the profiles of the small and mid-sized banks operating in Sri … [Read more...] about Daily Mirror – Rocky path ahead for Sri Lanka’s small and mid-sized lenders, says Fitch
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Pan-Nationalism, Islamic State adds to minority oppression, churning violence in Sri Lanka
ECONOMYNEXT - In Sri Lanka, indoctrination and hate targeting communities not considered to be the 'core-nation' as defined in ethno-religious terms start early in state-funded schools. From Grade One, in fact. 'Don't call your Thaththa (father) Appachchi,' a teacher tells 30 odd wide-eyed kids in a Sinhalese dominated class where there is only one Tamil … [Read more...] about Pan-Nationalism, Islamic State adds to minority oppression, churning violence in Sri Lanka
Development projects worth Rs. 48 billion implemented island wide under the Gamperaliya program
* Development projects worth Rs. 48 billion implemented island wide under the Gamperaliya program Tue, Jun 18, 2019, 11:47 pm SL Time, ColomboPage News Desk, Sri Lanka. June 18, Colombo: Sri Lanka's Finance Minister Mangala Samaraweera says that Rs. 48 billion worth development projects are being implemented throughout the country under the Gamperaliya program.Speaking in … [Read more...] about Development projects worth Rs. 48 billion implemented island wide under the Gamperaliya program
Daily Mirror – Putting Sri Lanka on map as a regional energy hub
One of the key growth drivers of the global liquefied petroleum gas (LPG) market is the use of LPG as a cooking fuel, primarily seen growing rapidly in countries in the Asia-Pacific, Africa and South and Central American regions. This segment accounted for more than 40 percent of overall LPG consumption in 2017, according to the Statistical Review of Global LPG 2017, … [Read more...] about Daily Mirror – Putting Sri Lanka on map as a regional energy hub
Sri Lanka seeks India’s help to counter terrorism: PM Wickremesinghe
Sri Lankan Prime Minister Ranil Wickremesinghe said Monday that he sought India's help to train the country's security forces in counter-terrorism during his meeting with Prime Minister Narendra Modi.Modi on Sunday became the first foreign leader to visit Sri Lanka after the deadly Easter terror attacks on April 21 which killed … [Read more...] about Sri Lanka seeks India’s help to counter terrorism: PM Wickremesinghe
PM Narendra Modi promotes ‘neighborhood first’ policy in Sri Lanka visit | India News
COLOMBO, SRI LANKA: Indian Prime Minister Narendra Modi paid a visit to Sri Lanka on Sunday as part of his first overseas tour since being reelected this spring, emphasizing India's "neighborhood first" policy. Before commencing official talks, Modi visited St. Anthony's Church in Colombo, one of three churches targeted by Easter Sunday suicide bombers. The bombings on three … [Read more...] about PM Narendra Modi promotes ‘neighborhood first’ policy in Sri Lanka visit | India News
‘India is an experienced player when it comes to tackling terror’: Former Sri Lanka president Mahinda Rajapaksa | india news
Ahead of Prime Minister Narendra Modi’s Sri Lanka visit on Sunday, Mahinda Rajapaksa, former President and the leader of the Opposition, shared his views on the security situation in South Asia in the wake of the Easter attacks in the island nation that killed over 250 people. He spoke to Padma Rao SundarjiQ. PM Modi is arriving on Sunday. What are your expectations from his … [Read more...] about ‘India is an experienced player when it comes to tackling terror’: Former Sri Lanka president Mahinda Rajapaksa | india news
Sri Lanka Tourism Alliance roots for PPP in promotions
ECONOMYNEXT- The Tourism Alliance, a travel industry group formed after the Easter Sunday attacks, will start talks with the government to form a public-private partnership (PPP) to conduct market research and promotions, an official said."The Tourism Alliance will be proposing to the government to undertake promotions as a PPP," Malik J Fernando, Managing Director at … [Read more...] about Sri Lanka Tourism Alliance roots for PPP in promotions
Sri Lanka president vows to block Easter attacks probe, Government & Economy
Sat, Jun 08, 2019 - 12:35 PM [COLOMBO] Sri Lanka's president has told his cabinet that he will not cooperate with a parliamentary investigation into security lapses leading to the Easter suicide bombings, official sources said Saturday. Maithripala Sirisena summoned an emergency meeting of his cabinet on Friday night to oppose the Parliamentary Select Committee (PSC) … [Read more...] about Sri Lanka president vows to block Easter attacks probe, Government & Economy
Sri Lanka : ‘We have our debt repayment under control’
* 'We have our debt repayment under control' - Minister Sagala Fri, Jun 7, 2019, 10:03 am SL Time, ColomboPage News Desk, Sri Lanka. June 07, Colombo: Sri Lanka's Minister of Ports, Shipping and Southern Development, Sagala Ratnayaka says Sri Lanka is working hard to get back to normal business after the devastating Easter Sunday bomb attacks. Speaking to Deutsche … [Read more...] about Sri Lanka : ‘We have our debt repayment under control’
