Sri Lanka Financial News

IND vs BAN Live Score 1st Test Day 4: Rohit Sharma led team India are just 6 wickets away from a hard-fought victory against the visitors at the MA Chidambaram Stadium in Chennai. While India are generally known to perform well on their home turf, this win will perhaps mean a little more to the skipper after the defeat they suffered in the ODI series against Sri Lanka.

Marxist politician took a comfortable lead Sunday in a keenly fought presidential election that has turned into a referendum on an unpopular IMF bailout. Early results from Saturday's vote strongly suggested that the 55-year-old Anura Kumara Dissanayaka could end up the first leftist commander-in-chief and head of state of the small but strategically placed island nation. Dissanayaka had 58 percent of the 250,000 votes counted out of just over 700,000 postal ballots. Public servants involved in conducting the election are entitled to post their ballots, which are the first to be counted.

Sri Lanka voted for its next president Saturday in an effective referendum on an unpopular IMF austerity plan enacted after the nation's unprecedented financial crisis. Turnout was nearly 70% an hour before polling stations shut at 1030 GMT, an election commission official said, citing provisional figures. The record for voter turnout in a Sri Lankan presidential election was set in 2019 with 83.72%. President Ranil Wickremesinghe is fighting an uphill battle for a fresh mandate to continue belt-tightening measures that stabilised the economy and ended months of food, fuel and medicine shortages. His two years in office restored calm to the streets after civil unrest spurred by the downturn in 2022 saw thousands storm the compound of his predecessor, who promptly fled the country. «I've taken this country out of bankruptcy,» Wickremesinghe, 75, said after casting his ballot. «I will now deliver Sri Lanka a developed economy, developed social system and developed political system.»

Catch LIVE updates with MintSri Lanka elections result 2024 LIVE Updates: In July 2022, Ranil Wickremesinghe was elected by Parliament to complete Rajapaksa's term and is now seeking another term to build on recent gains.However, many accuse him of shielding the Rajapaksa family, whom they hold responsible for the crisis, and he was primarily elected with support from Rajapaksa loyalists in Parliament and his Cabinet.Sri Lanka elections result 2024 LIVE Updates: The economic collapse in Sri Lanka caused severe shortages of essentials like medicine, food, cooking gas, and fuel, leading to long lines and widespread riots. Protesters stormed key buildings, including the president's house and office, ultimately forcing then-President Gotabaya Rajapaksa to flee and resign.Sri Lanka elections result 2024 LIVE Updates: According to a report by DW, the cost of living in Sri Lanka remains very high, unemployment remains very high, so people are still reeling from the economic crisis.Therefore, a nation that has voted on the lines of religion, of race, and ethnicity, in all these years, only has 'ECONOMIC CRISIS" as their sole concern for electing the 10th President.Notably, none of the 38 candidates in this election are women, despite Sri Lanka's historical significance in having the world’s first female prime minister, Sirimavo Bandaranaike, who took office in 1960.Namal Rajapaksa, at 38, is the youngest candidate in the race and the eldest son of former President Mahinda Rajapaksa.

Voting has ended in Sri Lanka’s presidential election as it seeks to recover from the worst economic crisis in its history and the resulting political upheaval

Two years ago, tens of thousands of Sri Lankans rose up against their president and forced him to flee the country

Sri Lankans who usually vote along religious and ethnic lines will be keeping another factor in mind when they vote Saturday on a new president

Both leading candidates in Sri Lanka's presidential election are promising to give land to the country’s hundreds of thousands of plantation workers, but the long-marginalized group has heard promises like these before

Aishwarya Rai stole the show in dazzling red attire at Anant Ambani & Radhika Merchant’s wedding in July. Now, a Sri Lankan artist has immortalised her look at the wedding in the form of a doll. A video featuring the doll has become the talk of the town now.

Subscribe to enjoy similar stories. It’s not often that an India-Bangladesh Test series garners as much anticipation as the one starting on 19 September in Chennai. Bangladesh’s historic 2-0 Test series win away from home in Pakistan earlier this month has raised the passionate cricket nation’s status—the greatest ever triumph in the history of Bangladesh as a Test playing nation.

Sri Lanka prepares to elect a new leader, Namal Rajapaksa is running for president. The 38-year-old is the son of former President Mahinda Rajapaksa and the nephew of the ousted President Gotabaya Rajapaksa. Namal Rajapaksa is presenting himself as an agent of change, but many see his bid for presidency as an attempt by the controversial political dynasty to regain power. By mid-2022, the clan's political career seemed in ruins. Some of its members were forced into hiding in military camps after angry protesters stormed their residences. Others simply gave up their seats in the government as people blamed them for hurtling the country of more than 20 million people into an economic crisis.

Sri Lanka’s opposition leader contesting the presidential election next week said Thursday that if he comes to power he will renegotiate with the International Monetary Fund the 2022 economic reforms package to ensure that the rich pay more taxes and t...

UN General Assembly kicked off in New York with the presence of the representatives of Palestine, which have been given a seat in the General Assembly Hall next to the UN member states. Palestine is not a full member of the 193 member UN body. The Palestinian Authority's envoy to the United Nations, Riyad Mansour, took his place on Tuesday afternoon at a table marked «State of Palestine» between Sri Lanka and Sudan.

Sri Lankan elections in India’s Southern neighbourhood with less than a fortnight left for the Presidential polls there. In what promises to be a closely contested fight, Sajith Premadasa, formerly of United National Party, and Anura Kumara Dissanayake of Janatha Vimukthi Peramuna. Incumbent President Ranil Wickremasinghe is fighting an uphill battle. However, can still close the gap and win the polls in the second preference vote. Mahinda Rajapaksa’s son Namal is the other main contender, but may not stand a chance in this election, according to observers of Lankan elections. On a recent visit to Colombo, NSA Ajit K Doval met all four candidates and New Delhi is keeping a close eye on elections whose outcome will enable further strategic and economic partnership.

Sri Lanka will hold its presidential election Sept. 21 in a crucial vote that will decide the future course of the South Asian nation still struggling to recover from its economic collapse in 2022, which provoked mass protests and forced the former pre...

Ventive Hospitality, a joint venture between the world's largest private equity firm Blackstone Group and Pune-based Panchshil Realty, is looking at filing a draft prospectus for an initial public offering in the next couple of weeks, according to sources close to the development. The JV, which could be the largest international multi-brand hotel owner in India by Ebitda, plans to raise around ₹2,500 crore through a fresh issue of shares.

The Congress party today said that protests in Kenya over Adani Group's proposed takeover of Nairobi airport is a matter of grave concern as it could turn into anger against India. «The proposed takeover of Nairobi airport by the Adani Group has sparked widespread protests in Kenya. The Kenya Aviation Workers Union has called for a strike to protest. This is a matter of grave concern for India, as the non-biological prime minister's friendship with Adani is now world-famous. The ongoing protests there could easily turn into anger against India and the Indian government,» Congress leader Jairam Ramesh said in a post on social network X (formerly Twitter).

IndiGo on Sunday started its daily flight services to Jaffna in Sri Lanka from Chennai. Jaffna is the airline's second destination in the island nation after capital city Colombo and 34th international destination, IndiGo said. The new daily direct flights from Chennai to Jaffna cut down the travel time to the city from Chennai to 75 minutes, IndiGo said. IndiGo operates over 2,000 flights to 122 destinations including domestic and overseas.

Champions Trophy 2025, scheduled to be hosted by Pakistan, has stirred discussions in the cricketing world, especially regarding India's potential participation. Despite being chosen as hosts, Pakistan faces challenges due to the ongoing political tension between the two nations, which has hindered any bilateral cricketing series since 2013.

Colombo Security Conclave (CSC) on Friday signed the Charter and the MoU for the Establishment of the CSC Secretariat in the Sri Lankan capital eyeing to create stability in the Southern and Western Indian Ocean region amid growing strategic interests of big powers and terrorism in the region. The Signing Ceremony was hosted in Colombo by the Government of Sri Lanka. Ajit Doval, National Security Adviser, Lt. Col (Retd), Ibrahim Latheef, National Security Advisor of Maldives; Haymandoyal Dillum, High Commissioner of Mauritius to Sri Lanka and Sagala Ratnayake, National Security Advisor to the President of Sri Lanka signed the documents on behalf of the respective Member States.