UAE turns to U.S for financial lifeline as Iran war shows no end – Report
The United Arab Emirates has begun preliminary talks with the U.S. about securing a potential financial safety net if theContinue Reading
Tag: Economy
Sri Lanka’s Energy minister resigns
COLOMBO, April 17 (Reuters) – Sri Lanka’s Energy Minister Kumara Jayakody and ministry secretary Udayanga Hemapala resigned on Friday followingContinue Reading
Sri Lanka unveils US$320 million subsidy to offset energy costs
COLOMBO (AFP)-Sri Lanka announced on Tuesday (Apr 7) a record US$320 million relief package for farmers, fishermen and low-income householdsContinue Reading
Sri Lanka raises Power tariffs as energy costs begin to bite
COLOMBO, March 30 (Reuters) – Sri Lanka raised power tariffs for most households by 7.2% and industries by 8.7% onContinue Reading
Sri Lanka takes control of Iranian ship fearing new U.S sub attack
Colombo (AFP) – Sri Lanka has offloaded crew of an Iranian navy vessel and assumed countrol of it, the South AsianContinue Reading
Coal Procurement Followed Due Process; Over US$ 2 Million in Penalties Imposed on Substandard Shipments, Says Minister
Cabinet Spokesman and Minister Nalinda Jayatissa said the coal procurement process was carried out in full compliance with established guidelinesContinue Reading
A robotic dog made in China gets an Indian university kicked out of an A.I summit
A private Indian university was removed from a major A.I summit in New Delhi after one of its representatives displayedContinue Reading
Sri Lankan Lawmakers scrap their pensions in a sweeping vote
COLOMBO, Sri Lanka (AP) — Sri Lankan legislators overwhelmingly voted on Tuesday to scrap their pensions, in a bid toContinue Reading
Pakistan’s Boycott of India T20 World Cup Match could result in Financial Loss For Sri Lanka, urged to reconsider its decision
Pakistan’s last-minute boycott of its February 15 T20 World Cup group match against India in Colombo has sparked concern amongContinue Reading
Sri Lanka cyclone caused $4.1 bn damage-World Bank
Colombo (AFP) – Cyclone Ditwah, which struck Sri Lanka last month, caused an estimated $4.1 billion in direct physical damageContinue Reading
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