Sri Lanka Financial News

Bengaluru this year with chilly breeze sweeping across the city. Parts of the silicon valley are also witnessing slight drizzle, adding to the cold. The city is set to experience more rain on Wednesday and the coming days as deep depression over the southwest Bay of Bengal is likely to intensify into a cyclone and move towards Tamil Nadu, skirting the Sri Lankan coast, over the subsequent two days, the India Meteorological Department has said.

Adani Group's construction of a major deepwater container terminal in Colombo with US financial support could be in focus after the recent indictment of the group but is being favoured by the advisers of the ruling dispensation in Sri Lanka to boost investor confidence. Leaders of Sri Lanka's ruling party had prior to the recent election spoken about «cancelling the project» but post polls, the government said it needs more time to evaluate the project. On his part, President Anura Kumara Dissanayake has shown interest in continuing with all projects reached between New Delhi and Colombo by his predecessors as he banks on India's support to boost the economy.

bribery allegations against the conglomerate’s billionaire founder and other top executives. The US International Development Finance Corp. hasn’t reached a final agreement on the loan, an official said in an emailed response to questions. “We continue to conduct due diligence to ensure that all aspects of the project meet our rigorous standards before any loan disbursements are made,” the official said. “The project has not reached financial close or signed a loan agreement.”

Dhananjaya de Silva will lead Sri Lanka in a two-match Test series away against South Africa later this month, the country's cricket board said Tuesday. The opening Test starts November 27 in Durban, followed by one in Gqeberha on December 5. The series is part of the ICC World Test Championships, where Sri Lanka are currently ranked third and South Africa fifth.

Shafali Verma was on Tuesday dropped from India's 16-member women's team for the three-match ODI series in Australia in December after a string of poor performances in the past year. The BCCI selectors seem to have once again lost patience with the 20-year-old right-handed batter, whose recent ODI form has been disappointing. Shafali has scored just 108 runs in six matches this year with 33 being the highest. She was dropped in December last year from the team midway during the home ODI series against Australia on the basis of her poor run, before making a comeback against South Africa in June this year in Bengaluru. In fact, the youngster, rated as the next big thing in Indian women's cricket when she broke into the team in 2021, has not scored a ODI half century since making an unbeaten 71 against Sri Lanka in Pallekele in July 2022. Her next highest score was a 49 against the same opponent in the same series.

Sri Lanka’s new Marxist-leaning president has sworn in a 22-member Cabinet after his party secured a two-thirds parliamentary majority in last week's election

Anura Kumara Dissanayaka on Monday appointed a 21-member Cabinet in the new NPP government, keeping with his pre-election promise to streamline the governance system and ease the burden on taxpayers. The National People's Power (NPP) has been advocating a smaller government to reduce costs for the public. Since the NPP won the presidential election in September, the government functioned with just 3 ministers, including the President. As per the island nation's Constitution, there is a provision for appointing a 30-member Cabinet. Dissanayaka retained the finance and defence portfolios, while appointing 12 new parliament members to key positions and entrusting eight veteran members, who have served since 2000, with significant responsibilities.

Kusal Mendis hit a patient 74 not out as Sri Lanka beat New Zealand by three wickets under the DLS method with six balls remaining in the rain-hit second ODI. Sri Lanka took an unassailable 2-0 lead in the three-match series with the final game also at Pallekele on Tuesday. Sri Lanka won the first one-day international by 45 runs — also by DLS — after rain disrupted that game at Dambulla. It was Sri Lanka's fifth ODI series win at home in 2024 after it had beaten Zimbabwe, Afghanistan, India and West Indies. Sri Lanka couldn't qualify for next year's Champions Trophy after finishing ninth at last year's 50-over World Cup in India, but has since then lost just one ODI series in Bangladesh while winning five at home. «It is really tough for batters to score runs here,» Sri Lanka captain Charith Asalanka said. «This is just another series. As a team, we are moving towards a big goal and we have to achieve that, this is a process.»

«All our FTAs, whether it is with the EU or UK, all are progressing as per the schedule,» the official said. In the coming weeks, a bilateral meeting is scheduled between the commerce secretary and the Director-General of the European Union to take stock of the negotiations for the proposed trade agreement with the European Union.

Goa are particularly prone to a kind of reporting. Journalists or social media influencers come on a holiday. They hang out in a resort, go out to a few restaurants, shop in a few places, meet a local friend and speak to their taxi drivers. Then they string together their peeves or “new” discoveries, and a tourism trends story is born. Have to justify the time off, right? Some of the disgruntled posts that triggered the recent spat over the apparently declining state of tourism in Goa are right out of this playbook, with added moralism. “The problem with Goa is that it became rich without much effort,” declared a particularly pompous post. Tourists complaining about tourism-linked problems show a profound lack of self-reflection. Meanwhile, comparing a small state in India with countries like Sri Lanka and Thailand will yield inaccurate perspectives. Nothing is helped, though, by the reliably wrong-headed responses of the Goa government. LOOK CLOSER The data doesn’t show Goa being “down in the dumps”, as a social media post alleged. According to Noesis, a leading hotel investment and advisory firm, Goa’s tourism is gearing up for a landmark year in 2024, building on the momentum of a strong 2023 recovery. Domestic arrivals are projected to top 8.5 million, while foreign visitors may touch pre-pandemic levels, potentially exceeding 500,000.

Snehal Kauthankar and Kashyap Bakle etched their names in Ranji Trophy history with a 606-run partnership for the third wicket against Arunachal Pradesh. However, their joy of setting a new Ranji record turned bittersweet when they realized they had narrowly missed breaking the all-time first-class cricket partnership record by just 19 runs. When Kauthankar and Bakle walked into the dressing room at the lunch break, they were informed they were only 18 runs away from surpassing Maharashtra's Swapnil Gugale and Ankit Bawne’s Ranji Trophy record of 594 runs. On resumption, the duo quickly broke the record amidst loud cheers at the Academy ground in Porvorim. Kauthankar, who had already reached a triple century, was joined by Bakle, who also completed his maiden triple ton in just his second Ranji game. The Goa captain, Darshan Misal, declared the innings at 727-2, sealing the 606-run partnership. Only later did the team realise that they were just 19 runs shy of breaking the all-time first-class record of 624 runs, set by Sri Lanka’s Kumar Sangakkara and Mahela Jayawardene against South Africa in 2006.

Anura Kumara Dissanayake took a large lead Friday in early results from the parliamentary elections, in an apparent solid mandate for his program for economic revival. Dissanayake's National People's Power Party won 15 of the 22 electoral districts whose results have been released so far by the Elections Commission. Dissanayake was elected president on Sept. 21 in a rejection of traditional political parties that have governed the island nation since its independence from British rule in 1948. But he received just 42% of the votes, fueling questions over his party's outlook in Thursday's parliamentary elections. But the party received large increases in support less than two months into his presidency.

National People's Power (NPP) party led by President Anura Kumara Dissanayake has taken an unassailable lead in the parliamentary election held on Thursday. As of 6 am local time Friday, the NPP had garnered a near 62 per cent or over 4.4 million of the votes nationally. They have secured 35 of the 196 seats on offer under proportional representation from districts. The main opposition, Samagi Jana Balawegaya (SJB), and the National Democratic Front (NDF), backed by former president Ranil Wickremesinghe, have been decimated to 18 and under 5 per cent respectively. The SJB has won 8 seats while the NDP has bagged a solitary seat. The Rajapaksa family's Sri Lanka People's Front (SLPP) despite being placed fourth in terms of votes has garnered 2 seats.

Indian tourists are the largest group visiting Sri Lanka, thanks to the country’s proximity—a quick 2.5-hour flight from Mumbai—and its affordability. Following the Sri Lankan rupee’s collapse in 2022, the country became one of the most budget-friendly luxury destinations.

Sri Lankan President Anura Kumara Dissanayake is looking to consolidate his party’s power in Thursday’s parliamentary election to help him implement his election pledges to solve the country’s economic woes and foster good governance

Venue : Rangiri Dambulla International Stadium, Dambulla Sri Lanka squad - Avishka Fernando, Janith Liyanage, Kusal Perera, Pathum Nissanka, Chamindu Wickramasinghe, Charith Asalanka, Dunith Wellalage, Dushan Hemantha, Kamindu Mendis, Kusal Mendis, Nishan Madushka, Sadeera Samarawickrama, Asitha Fernando, Dilshan Madushanka, Jeffrey Vandersay, Maheesh Theekshana, Mohamed Shiraz New Zealand squad - Henry Nicholls, Mark Chapman, Tim Robinson, Will Young, Dean Foxcroft, Glenn Phillips, Josh Clarkson, Michael Bracewell, Mitchell Santner, Nathan Smith, Mitchell Hay, Adam Milne, Ish Sodhi, Jacob Duffy, Zakary Foulkes Sri Lanka vs New Zealand Match Details 1st ODI of New Zealand tour of Sri Lanka, 2024 between Sri Lanka and New Zealand to be held at Rangiri Dambulla International Stadium, Dambulla at 02:30 PM.

Andhra Pradesh rain news: The India Meteorological Department (IMD) has issued a warning for isolated heavy rains and thunderstorms in parts of South Coastal Andhra Pradesh and Rayalaseema over the next three days. Districts likely to experience significant rainfall from November 11 to 14 include Krishna, Guntur, Bapatla, Prakasam, Nellore, Tirupati, Annamayya, Chittoor, Visakhapatnam, Kakinada, Konaseema, and West Godavari.

Chennai’s district collector, Rashmi Siddharth Zagade, has declared a school holiday for Tuesday, as per a TOI report. The India Meteorological Department (IMD) has issued a yellow alert across multiple districts, with alerts set for 12 districts on November 12, 17 districts on November 13, 27 districts on November 14, and 25 districts on November 15. Read more: Chennai to see heavy rain for next few days, IMD issues alerts for multiple districts across Tamil Nadu; Full forecast here

Champions Trophy, Pakistan Cricket Board (PCB) chairman Mohsin Naqvi on Friday denied receiving any formal communication from the Board of Control for Cricket in India (BCCI).

India vs South Africa live score, 1st T20I updates: Having started his captaincy stint with resounding series wins over Sri Lanka and Bangladesh, Suryakumar Yadav will be aiming to keep his winning run when the Men in Blue take on South Africa in the four-match T20I series starting on Friday in Durban. Following the T20 World Cup triumph and retirements of Virat Kohli, Rohit Sharma and Ravindra Jadeja, the Indian team is going through a transition phase, with the next World Cup in 2026 in mind. The last time India went to South Africa for a T20I series was in 2023, where it ended in a 1-1 draw after the first game was washed out.

Garuda Aerospace on Tuesday said it has signed a Memorandum of Understanding (MOU) with CYOL, a Sri Lankan provider of of advanced agricultural technology solutions as they both look to expand their operations in Australia, Africa, and Asia.