Sri Lanka Financial News

Revanth Reddy hosted representatives of 13 countries for dinner at Qutub Shahi Tombs in Hyderabad on Wednesday evening. «Representatives of America, Iran, Turkey, UAE, UK, Japan, Thailand, Germany, Sri Lanka, Bangladesh, Australia, France and Finland attended the event,» read a press note issued by the Chief Minister's Office (CMO).

Maldives President Mohammed Muizzu has proposed to revive the free trade agreement with Beijing, but the move could push Male towards a debt trap. China's current share of Maldives total debt is 37% and there are fears that FTA will further increase debt share, pushing Maldives into a Sri Lanka-type crisis, ET has learnt. The Covid pandemic, notwithstanding India's generous assistance to the island nation, has dented Maldivian economy, according to observers.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Sri Lanka's navy said Monday it was joining a US-led maritime taskforce to protect international shipping against attacks by Yemen's Huthi rebels. «We will be joining 'Operation Prosperity Guardian' led by the US Navy,» naval spokesman Gayan Wickramasuriya said, with the deployment of a patrol vessel crewed by more than 100 people. Huthi fighters have launched more than 100 drone and missile attacks on targets in Israel and the Red Sea, disrupting traffic in the key shipping route that carries up to 12 percent of global trade. The Iran-backed Huthis say they are targeting Israel and Israeli-linked vessels to push for a stop to the offensive in the Gaza Strip, where Israel has been battling Hamas militants since October 7. Sri Lankan President Ranil Wickremesinghe has said that Huthi attacks had raised freight costs and were impacting exports of garments and tea. The South Asian island nation is emerging from its worst economic crisis in 2022, when months of street protests led to the ouster of then-president Gotabaya Rajapaksa. The country defaulted on its $46 billion external debt and is now being supported by a $2.9 billion four-year bailout loan from the International Monetary Fund. Wickramasuriya said the move would add no additional cost as the vessel was already patrolling Sri Lanka's vast maritime boundary. The US-led maritime force announced late last month includes Britain, Canada, France, Italy, the Netherlands, Norway and other nations. Last month neighbouring India deployed several warships in the Arabian Sea and Gulf of Aden after a string of shipping attacks, including a drone strike near India's coast that the United States blamed on Iran.

Also Read: India has thwarted Pakistan's cross-border terrorism plan by not ‘playing that game’: S Jaishankar "I can tell you the world is actually today getting ready for us. It is we who have to make that effort to prepare for a bigger role and to do that we must do it with a sense of historical and civilisational responsibility," said S Jaishankar while delivering the third P Parameswaranji Memorial Lecture organised by Bharatheeya Vichara Kendram (BVK), a prominent Sangh Parivar outfit on Saturday. Also Read: ‘Canadian politics have given space to Khalistani forces’: EAM Jaishankar on India-Canada relations "We should never forget our history, we should never forget our civilisation because that's what sets us apart from everybody else," he added.

S Jaishankar on Saturday said India should make efforts to prepare for a bigger role in today's world order, and it must do so with a sense of historical and civilisational responsibility. Emphasising that tradition has much to teach people in the present world, he noted that in an era of globalisation, looking through the lens of history, tradition, and culture provides a solid foundation to approach the world. Jaishankar was delivering the third P Parameswaranji Memorial Lecture organised by Bharatheeya Vichara Kendram (BVK), a prominent Sangh Parivar outfit.

Mint that while the company has been around for about two decades here, now is a good time to expand their presence. It has 19 brands in the world but only five of those are in India. For this, its master franchisee for the region, Delhi-based Sorrel Hospitality, will focus on strengthening its presence in other regions like Bangladesh, and Sri Lanka as well and is likely to have a total of 51 hotels by the end of 2024, spanning 3,000 rooms when the pipeline becomes operational.

The International Cricket Council's recent release unveiled a schedule comprising 55 matches to be played at various stadiums across the U.S., including Texas, New York, and Florida, from June 1-29.

Men's T20 World Cup, which is set to commence from June 1. While the opening match will be played between hosts USA and Canada, the ball will roll for the marquee clash between India and Pakistan on June 9 in Nassau County International Cricket Stadium in Long Island. Joint hosts West Indies will play Papua New Guinea in Guyana on the second day of group play. The tournament is divided into four groups of five teams each, with the top two teams from each group moving on to the Super Eight stage of the competition, which takes place before the knockout semifinals and final match. The group stage matches are scheduled between June 1 to June 18 and the Super 8 matches will be played from June 19 to June 24. The two semi finals will be played on June 26 and 27, while the final will be played in Barbados on June 29.

Sri Lanka has declared a moratorium on foreign research ships entering its waters for a year amid concerns from India over Chinese research vessels docking in its neighborhood. Though the moratorium comes ostensibly for capacity building it is seen as a reaction to growing concerns in India.

₹5,000-6,000 crore every year to build capacity/ assets across various ports. The investments will be made with an aim to become world's largest port operator by 2030 and help the company continue to grow by 12-14% per annum.

Yashasvi Jaiswal has been nominated for the ICC Men's Emerging Cricketer of the Year 2023 award with three other international stars, The International Cricket Council (ICC) announced on Wednesday. «A pair of exciting fast bowlers and two classy left-hand batters are in the running for ICC Men's Emerging Cricketer of the Year honours for 2023,» ICC said in an official statement. New Zealand's star batter Rachin Ravindra, South Africa's pace sensation Gerald Coetzee and Sri Lanka pacer Dilshan Madushanka are the contenders to win the award.

Sri Lanka Cricket (SLC) will soon introduce a new law to curb meddling of any sorts by people with considerable influence in the corridors of power. A cabinet sub-committee appointed by President Ranil Wickremesinghe last November reported back to him on Monday with the necessary recommendations.

Workers from South Asia are heading to Israel, whose need for labor has become more pressing since the Hamas-led attack in October. Israel's government closed crossings from the West Bank, cutting off thousands of Palestinians from work, and many of the foreign workers whom Israel relies on to operate its farms and construction industry left. Most of the roughly 30,000 foreign agricultural workers in Israel were from Thailand, dozens of whom were kidnapped or killed on Oct.

Virat Kohli has achieved another remarkable feat, breaking the record set by Sri Lankan legend Kumar Sangakkara for scoring over 2000 runs in international cricket the most times in a calendar year. Kohli achieved this milestone during the ongoing test match against South Africa. During the match, Kohli crossed 2000 international runs milestone.

NEW DELHI : India and South Korea are discussing joint development projects in neighbouring countries such as Sri Lanka and Bangladesh, according to persons aware of the matter. While talks are still in early stages, the development is significant as it reflects a renewed focus on bilateral relations between India and South Korea, with Seoul seen expanding its strategic interests beyond East Asia. Mint had earlier reported that South Korean president Yoon Suk-Yeol is eyeing a visit to India to push key projects and discuss strategic technologies, the Indo-Pacific Oceans Initiative and China-related matters.

₹20,000 crore in its flagship business, Adani Enterprises. That got pulled after a devastating report from Hindenburg Research, the US-based short seller. For a few weeks, all 10 listed Adani companies were hitting lower circuits, and soon, the shares of each company had crashed by more than 60%.

India vs South Africa, 1st ODI: Everyone is excited to witness India's two-match Test series against South Africa. The visitors are hoping to create history and become the second Asian team after Sri Lanka to defeat the Proteas in a Test series at their home. In great news for the Indian fans, star batter Virat Kohli is back in the squad after a short break which BCCI sources tagged as a pre-planned trip to London.

South Africa. Since 1992, India have played 23 Tests in South Africa and won only four. They’ve lost 12, with seven draws and what will really hurt was their last visit.

Indian Premier League (IPL)? In the IPL auction earlier this week, for example, Australian fast bowlers Mitchell Starc (Rs 24.75 crores) and Pat Cummins (Rs 20.50 crores) together attracted bids totaling Rs 45.25 crores – nearly half the total budget of a team. Even a relative rookie, Spencer Johnson, received Rs 10 crores. Meanwhile, South African pacer Gerald Coetzee got Rs 5 crores, and the World Cup’s third-highest wicket-taker, Dilshan Madhushanka of Sri Lanka, received only Rs 4 crores.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.