Sri Lanka Financial News

A sector’s contribution is traditionally assessed through economic metrics. However, in today’s complex geopolitical landscape, the significance of port infrastructure transcends these measures. This sector holds strategic importance for India’s economic vitality, geopolitical influence and national security.

Indian fishermen were arrested and their trawler seized early on Tuesday by the Sri Lanka Navy for allegedly poaching in the island nation's waters, taking the total number of such arrests to more than 180 this year. «In the latest incident of alleged poaching by Indians, one Indian trawler was seized and four fishermen were arrested early on Tuesday around the northern islet of Delft in the Jaffna peninsula,» Sri Lanka Navy said here. Including Tuesday's arrests, a total of 182 Indian fishermen have been arrested and 25 of their trawlers seized so far in 2024 for alleged illegal fishing in Sri Lankan waters, the Navy said. The numbers are almost 75 per cent of the approximate 240-245 held similarly in 2023.

Trade openness is measured as the ratio of trade to GDP. India’s is close to 50%, as per World Bank data. It used to be 7% in 1970, about 15% in 1980 and 1990, and jumped to 26% in 2000 and 49% in 2010.

₹3,360 crore. The money will be used to expand its hospitality businesses and other developing businesses.InterGlobe Enterprises said in an exchange filing on 11 June that “the proceeds will be utilised for scaling up IGE’s hospitality and other businesses it is incubating, as well as for general corporate purposes." On being asked how this money will be put back into the UK company, a spokesperson said this was the only statement it had on the sale of shares.

Sri Lankan community in New York City probably gravitated to Staten Island, just below Manhattan because of cheaper rents, but there might be other reasons why the place feels familiar. One of the best ways to get a good meal in New York is to board the Staten Island ferry. It’s free, you pass the Statue of Liberty and at the other end are a bunch of great Sri Lankan restaurants. You can savour their curries with their distinctive deeply roasted spices and the underlying umami note from the grated dried tuna called Maldi fish, enjoy the hoppers (appams) and rich coconut rice and finish with one of the best desserts ever, thick yoghurt with kithul (fishtail palm syrup). And you can wonder why Staten Island has more Sri Lankan restaurants than all of India. Prime Minister Narendra Modi’s third swearing-in saw heads of neighbouring South Asian countries appear as guests. It might have been more meaningful without the one obvious omission, but it still seemed a gesture towards something that has almost vanished — the idea of South Asia beyond just how the countries affect each other on a political level. There are links of history, geography, cultural exchange, personal histories, environmental connections and, yes, food that also count in the South Asian space.

T20 World Cup has progressed to its Super Eight stage after an intense round of preliminary matches across various venues. The Super Eight phase of the 2024 T20 World Cup is scheduled to commence on June 19, Wednesday, with seven out of the eight teams already confirmed. Anticipation mounts for the June 24 clash between India and Australia, a rematch of the 2023 World Cup Final. India secured their spot by topping Group A with three wins, while their last match was affected by rain. Bangladesh is expected to join as the eighth team in the Super Eight, while the Netherlands remains a distant contender.

A number of analysts attribute the Bharatiya Janata Party’s (BJP) underperformance in the general election to voter unhappiness with the Narendra Modi government over unemployment, job reservations and farmer livelihoods. The Agnipath scheme of military recruitment came in for criticism during the election campaign and many political commentators expect that the new government will be compelled to make changes to it. We should view interpretations of election results with some scepticism, but it does appear that the issue of inadequate employment opportunities has bubbled up to the surface of our political ocean.

NEW DELHI : New Delhi: Demand for air travel is taking off globally, but there aren’t enough planes to carry all the people who want to fly with the aviation sector yet to recover from covid and the repercussions of the Russia-Ukraine war. Not enough parts are available to manufacture planes because of a persistent supply chain bottleneck, forcing several airlines to lease jets instead, often at higher prices. There’s a scramble even for those leased planes.

Bangladesh's captain Shakib Al Hasan's response to criticism from former Indian cricketer Virender Sehwag has gone viral. In a recent post-match press conference, Shakib's reaction to a journalist's question about Sehwag's comments caught widespread attention.

Penna Cement will increase Ambuja Cements' presence in India, particularly in South India, besides making way to markets in neighbouring Sri Lanka, the cement company said in a presentation explaining the rationale behind the acquisition. On Thursday, Ambuja Cements announced that it has decided to acquire 100 per cent shares of Penna Cement Industries Limited. Penna Cement to now become wholly owned subsidiary of Ambuja Cements. The transaction has an enterprise value of Rs 10,422 crore. The cement maker said that the transaction would be fully funded through internal accruals.

Shamaila Khan at UBS Asset Management has deployed a somewhat counterintuitive strategy for bond investments. The head of fixed income for emerging markets is breaking with the likes of Goldman Sachs Group Inc. and is steering clear of investor favorite Indian government debt, while embracing volatile Chinese high-yield bonds, which have suffered from a prolonged property crisis.

acquisition of Penna Cement will be funded through internal accruals. In its edition dated June 13, ET reported that the Adani Group is in talks to acquire Penna Cement. The Group is also evaluating other cement companies for acquisition including Gujarat-headquartered Saurashtra Cement and the cement business of Jaiprakash Associates as well as ABG Shipyard-owned Vadraj Cement.

cricket match and Pakistan win their next, the Net Run Rate (NRR) will decide the second position. Right now, Pakistan’s NRR (+0.191) is better than the US’ (+0.127).Since India have already qualified for the next round, they were supposed to play against Sri Lanka (D2) on June 22. However, the second position for Group D is still wide open while South Africa (D1) have already qualified.India’s June 24 encounter, on the other hand, looks more settled.

Venue : Central Broward Park & Broward County Stadium, Lauderhill, Florida Sri Lanka squad - Charith Asalanka, Kamindu Mendis, Pathum Nissanka, Angelo Mathews, Dasun Shanaka, Dhananjaya de Silva, Wanindu Hasaranga, Kusal Mendis, Sadeera Samarawickrama, Dilshan Madushanka, Dunith Wellalage, Dushmantha Chameera, Maheesh Theekshana, Matheesha Pathirana, Nuwan Thushara Nepal squad - Kushal Bhurtel, Rohit Paudel, Sundeep Jora, Dipendra Singh Airee, Gulshan Jha, Kushal Malla, Aasif Sheikh, Anil Sah, Abinash Bohara, Kamal Singh, Karan KC, Lalit Rajbanshi, Pratis GC, Sagar Dhakal, Sandeep Lamichhane, Sompal Kami Sri Lanka vs Nepal Match Details Match 23 of ICC Men's T20 World Cup, 2024 between Sri Lanka and Nepal to be held at Central Broward Park & Broward County Stadium, Lauderhill, Florida at 05:00 AM.

Domino's plans to double its store count to 4,000 in India in the next 5-6 years, a top company official said. Domino's, which started operations here in 1996, has launched its 2,000th store.

Narendra Modi will take the oath as prime minister of India today at 7:15 p.m. at Rashtrapati Bhawan, New Delhi.

Sri Lanka, Maldives, Mauritius and the Seychelles to the June 9 swearing in of the next Narendra Modi government reflects the focus on the western and southern Indian Ocean (IOR), where India has been security provider and first responder during crises for decades.

ICC's Men's T20 World Cup 2024, concerns have been raised over Nassau County International Cricket Stadium pitch in New York, which has been labelled 'dangerous'.Apart from this, speculations are also gaining momentum that the International Cricket Council may consider moving the blockbuster clash to a different venue. However, the ICC has also stated that it has been forced to take desperate measures to fix the New York pitch.ALSO READ: Rohit Sharma not playing India vs Pakistan match on June 9? Injury scare for Indian captain ahead of T20 World Cup clashEarlier, the newly constructed New York pitch faced heavy criticism after Sri Lanka was folded for just 77 runs in a low-scoring match against South Africa.

Ranil Wickremesinghe announced a development on social media platform X (formerly Twitter), sharing that the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has approved the launch of Starlink's satellite internet services in the country, contingent on a two-week public consultation period.

NED vs SA T20 World Cup match on June 9: The term "Achilles heel" refers to someone's main weakness even though they may generally be very strong or capable. South Africa, considered one of the best cricket teams to ever play the game, have lost in their last 2 World Cup encounters with the Netherlands.The Dutch are considered minnows compared with other powerful cricket teams. But they have managed to beat the Proteas twice, and that cannot be a coincidence or a fluke.In November 2022, at the T20 World Cup, the Netherlands made 158/4 in 20 overs.

Venue : Grand Prairie Cricket Stadium, Dallas Sri Lanka squad - Charith Asalanka, Kamindu Mendis, Pathum Nissanka, Angelo Mathews, Dasun Shanaka, Dhananjaya de Silva, Wanindu Hasaranga, Kusal Mendis, Sadeera Samarawickrama, Dilshan Madushanka, Dunith Wellalage, Dushmantha Chameera, Maheesh Theekshana, Matheesha Pathirana, Nuwan Thushara Bangladesh squad - Najmul Hossain Shanto, Tanzid Hasan, Towhid Hridoy, Mahedi Hasan, Mahmudullah, Shakib Al Hasan, Soumya Sarkar, Jaker Ali, Litton Das, Mustafizur Rahman, Rishad Hossain, Shoriful Islam, Tanvir Islam, Tanzim Hasan Sakib, Taskin Ahmed Sri Lanka vs Bangladesh Live Score: Sri Lanka Kamindu Mendis 4 (3) Pathum Nissanka 11 (7) Bangladesh Taskin Ahmed 1/12 (1) Sri Lanka vs Bangladesh Live Score: FOUR! OFF THE MARK IN STYLE! Taskin Ahmed serves it on the hard length and keeps it outside off. Kamindu Mendis punches it through point and he finds the gap. The ball races off to the fence for four runs.