Sri Lanka Financial News

Sri Lanka's powerful Rajapaksa clan, which suffered political battering due to the country's worst economic crisis in 2022, will launch its political comeback bid on Sunday by targeting the impending elections. Former president Gotabaya Rajapaksa, ex-prime minister Mahinda Rajapaksa and former finance minister Basil Rajapaksa were ousted from power during anti-government protests following the crippling financial and political crisis in 2022. The ruling Sri Lanka People's Front of the Rajapaksas, commonly known by its Sinhalese name Sri Lanka Podujana Peramuna (SLPP), will hold a public rally later in the day in the north central rural town of Thalawa, party member and former minister SM Chandrasena told reporters.

Also Read: Viral video: Thieves use bike to steal goods from moving truck, netizens draw Dhoom parallelOn this day in 1999, during India’s World Cup match against Sri Lanka in Taunton, Sourav Ganguly and Rahul Dravid forged a spectacular partnership of 318 runs for the second wicket. This stand set a record for the highest partnership in ODIs at the time.

Gautam Gambhir, former Australia coach Justin Langer, NCA chief VVS Laxman, Gujarat Titans coach Ashish Nehra, Chennai Super Kings coach Stephen Fleming and former Sri Lanka skipper Mahela Jayawardhane.Former South Africa batsman Ab de Villiers was recently asked if he would like to take on the role of India's next head coach, and the former Proteas player explained that there are some elements of the job that he would enjoy, while some others he wouldn't.In an interaction with News18, De Villiers said, "I absolutely have no idea. I do think I’ll enjoy coaching.

cricket landscape, India boasts the richest and most-watched league in the world. Yet, all that investment and attention hasn't translated into international success for India's national team. Rohit Sharma's India squad travels to the T20 World Cup in the United States and Caribbean, hunting a second title to end a long drought. Undoubtedly, the Indian Premier League is flush with cash and talent, attracting the best cricketers worldwide. Since the advent of IPL, though, India hasn't lifted the World Cup trophy.

New Delhi: India is in talks with Sri Lanka to acquire a graphite mine block in the island nation, pushing ahead with its plan to forge global alliances to secure critical mineral supplies, said people familiar with the development. Separately, the country has received an offer from the United Arab Emirates to partner for critical minerals, they said. «Graphite is crucial for India since it is used for making batteries.

Jubilant FoodWorks Ltd (JFL) which operates master franchise rights from Domino’s Pizza in India and select global markets on Wednesday said it could potentially open over 5,500 Domino’s Pizza stores in the six global markets it operates in the medium term up from the current 2,793 outlets in these markets.To be sure, JFL operates Domino’s Pizza outlets in India, Turkiye, Bangladesh, Sri Lanka, Azerbaijan and Georgia. Last year, Jubilant Foodworks Netherlands BV (JFN), a wholly owned subsidiary of Jubilant FoodWorks Ltd, fully acquired DP Eurasia that operates as exclusive master franchisee of Domino’s Pizza in Turkey and Georgia effectively expanding its geographical footprint outside Asia.Overall, the JFL Group store network across six markets and five brands consists of 2,990 outlets as on 31 March 2024.

presidential election this year ahead of the parliamentary election. Sources confirmed that he told the Cabinet meeting earlier in the day that financial allocations have only been reserved so far for the conduct of the presidential poll. Despite speculation that a General Election will precede a Presidential election, Wickremesinghe informed the Cabinet that the Presidential election will be held first this year.

Pluugin E-commerce has announced plans to expand its operations in India. The company stated that this expansion aims to create over 2,100 jobs in the local market over the next three years. Currently operational in 12 states, Pluugin E-commerce plans to achieve 100 percent pan-India coverage within the next 12 months. Additionally, India will serve as the backend office for its global operations in Bangladesh, Nepal, and Sri Lanka, it said. “We truly believe that every brand has the potential to be borderless in today’s e-commerce landscape, and we intend to help them leverage this potential, with a strong focus on MSMEs. Our strategic entry into the Indian market brings new growth opportunities within the e-commerce space, enabling a global presence for all 'Make in India' brands,” said Aparna Gupta, Founder & Managing Director of Pluugin E-commerce.

West Indies to two Twenty20 World Cup titles as a captain, Daren Sammy has to defy history to win again as a head coach.

acquisition of Haifa port in Israel, which has pounded Gaza after a shock attack by Hamas, sparked the Norges decision. A fourth of India's total cargo is handled by APSEZ, which owns a total of 14 ports including in Israel, Australia and Sri Lanka. An email sent to Norges seeking comment went unanswered.

Mint on the impact of climate change in the Asia Pacific region. India accounts for most of the economic and human losses in South Asia region.

export ban on onions 10 days ago, export demand has dried up as Indian onion is more expensive than Pakistan's. Besides, subdued exports dampened domestic onion prices by over 15 % in the last week. Exporters don't see demand coming for another 15 days as overseas buyers, who have stocked overpriced Pakistani onions when Indian onion was not available. They want to liquidate their stocks as India's entry has crashed the international onion prices by more than 50% in a week. «Most of the buyers from our traditional markets like Malaysia, Sri Lanka, UK and the UAE had stocked onions from Pakistan. They had not expected the Indian government to lift the export ban till the general elections were over,» said an exporter of onions from Nashik, who claims that the export orders, after spiking for a couple of days, have suddenly dried up. India's lifting of its export ban in May took the international markets by surprise. India has kept a minimum export price (MEP) of $550 per tonne with export duty of 40%.

₹130 crore in the fourth quarter of FY24, down from ₹333 crore reported in the year-ago period. The company has posted a net profit of ₹13 crore in Q3FY24. PVR Inox’s revenue from operations in Q4FY24 rose 10% to ₹1,256 crore from ₹1,143 crore, YoY.

LTTE, a Sri Lankan rebel group commonly known as the Tamil Tigers. This decision was prompted by the group's involvement in violent activities and its aim for an independent Tamil state in Sri Lanka, which posed a threat to India's national security. The ban was part of a broader international effort, as many other countries also proscribed the Tamil Tigers due to their use of terrorism tactics.

NEW DELHI : Radihika Khanijo is busy planning vacations this summer for a few uber wealthy clients to a destination that hadn’t been on her luxury travel firm’s radar ever before: South Korea. The Asian country is suddenly on the map of Indian travellers, says the founder of Welgrow Travel, and part of the reason is its easy visa process. “South Korea is seeing a big rise in travel demand from discerning travellers.

Sri Lanka will hold presidential election between September 17 and October 16, the country's top electoral body announced on Thursday. In a notice signed by its chairman R M A L Ratnayake, the Election Commission said it will call for nominations to hold the Presidential election within the specified timeframe in terms of the provisions of the Constitution, according to local media reports. It said that the presidential election will be held on a day between September 17 and October 16.

tourist arrivals, Sri Lanka has renewed visa-free entry for visitors from India and six other select countries, aiming to make travel more accessible and convenient for international tourists. The countries included in this initiative are India, China, Russia, Japan, Malaysia, Thailand, and Indonesia, allowing their nationals to visit Sri Lanka for up to 30 days without visa fees. The Sri Lankan government's decision comes as part of efforts to rebuild the tourism industry, which has faced significant challenges due to the COVID-19 pandemic and the country's ongoing economic and political crises. The visa-free entry scheme, launched in October as a pilot project, reflects Sri Lanka's commitment to promoting tourism and creating seamless travel experiences for visitors from key markets. Although the visa-free entry allows visitors from the select countries to stay in Sri Lanka for 30 days, they are required to apply for their visa online through the website www.srilankaevisa.lk before their arrival. This online application process is designed to ensure smooth processing while maintaining security checks for incoming tourists.

As 94 Lok Sabha seats go to polls on Tuesday in the third phase of the ongoing elections, voter turnout will again be under scrutiny. The election season has had a disappointing start, with overall turnout in the first two phases lower than it was in 2019. This trend has sparked concerns over whether Indian voters are less inclined to cast their ballots amid the scorching summer heat.

connectivity initiatives between India and Sri Lanka, Indian envoy Santosh Jha has said, as he visited the three districts in the province to take stock of several India-assisted projects. During the visit last week, Jha, India's High Commissioner in Sri Lanka, highlighted the multi-sectoral grant assistance package consisting of 33 different projects throughout the province in diverse areas as well as ongoing discussions between the two governments to collaborate for the comprehensive development of Trincomalee, an official statement said. He took stock of several projects being implemented by the Government of India for the people of the province and visited various sites of historical, cultural and commercial significance.

NEW DELHI : Indians are packing travel bags for summer, braving heat waves and steep fares as school vacations and annual holidays beckon. Air travel that hit a daily peak in April is expected to rise further as more travellers work out plans for May and June, cheering airlines and travel industry alike. While there is heightened demand for cooler destinations, places that are typically warm at this time are also seeing interest.

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