Navy assists yacht with foreign couple off Galle

Sri Lankan refugees living in poor conditions in India

The Indian Government says Sri Lankan refugees are living in poor conditions in India. Indian Union Finance Minister Nirmala Sitharaman said that from 1964 to 2008, more than 4,00,000 Tamils from Sri Lanka have been given Indian citizenship. ?In the last six years, as many as 2838 Pakistani refugees, 914 Afghanistani refugees, 172 Bangladeshi refugees including Muslims have been given Indian citizenship. From 1964 to 2008, more than 4,00,000 Tamils (from Sri Lanka) have been given Indian citiz

19 Jan, 2020

Moody’s warns Sri Lanka’s debt moratorium for SMEs unlikely to support economic recovery

Moody’s has warned that Sri Lanka’s debt moratorium for Small and Midsize Enterprises (SMEs) is unlikely to support economic recovery. On 13 January, Sri Lanka’s (B2 stable) central bank, the Central Bank of Sri Lanka (CBSL), issued guidelines on the debt moratorium for SMEs that the Government announced in December last year. The debt moratorium is credit negative for Sri Lankan banks and the sovereign because it risks increasing SMEs’ risk appetite and relaxing their attitude toward debt rep

20 Jan, 2020

Threat of mines still a concern for people in the North

The threat of mines is still a concern for people in the North, the Delegation of the European Union (EU) to Sri Lanka said today. Ambassador of the Delegation of the European Union (EU) to Sri Lanka, Denis Chaibi, visited the Northern Province from 15 to 17 January 2020. Ambassador Chaibi launched an EU-funded demining project implemented by HALO Sri Lanka during a visit to the Muhamalai minefield on 17 January 2020. The EUR 2.5 million grant will support mine clearance in Muhamalai, Sri Lan

20 Jan, 2020