Colombo: Sri Lanka’s president said Wednesday he was seeking a moratorium on foreign debt repayments until 2028, following a government default during the island nation’s unprecedented economic crisis two years ago. A collapse in foreign exchange reserves saw months of food and fuel shortages along with street protests that forced the ouster of President Ranil … Read more
The inaugural edition of the FIFA Series, which will pit nations from different confederations against each other, is set to get underway in March. The tournament will provide nations that would otherwise not play each other normally and the opportunity to square up against sides from different continents, with the objective being to permit more … Read more
Sonja Prokopec took her son on their first “solo” trip together when he was six years old. They went to Rome, and it was so memorable that Prokopec said she’s now planning their second trip this summer. “I really enjoy one-on-one time which we have when travelling alone,” she said. “There are no distractions, no … Read more
Home News Sri Lankan MP Visits Ayodhya Ram Mandir; Says, ‘Lord Ram’s Birthplace Has Returned To Its Glory Days’ Namal Rajapaksa, member of Parliament of Sri Lanka visited the Ram Mandir in Ayodhya on Friday with his wife. The Sri Lankan MP praised PM Modi for his involvement in the temple; here’s what he said… … Read more
Debt-stricken Sri Lanka has signed a trade pact with Thailand in a bid to boost trade and investment as the Indian Ocean island nation struggles to recover from its worst economic crisis that hit two years ago. The Sri Lanka Thailand Free Trade Agreement covering trade in goods, investment, custom procedures and intellectual property rights … Read more
Sri Lanka slapped a new 18 percent value added tax (VAT) on fuel, mobile phones and computers from Monday to raise desperately needed revenue ahead of a foreign debt restructuring. An earlier VAT of 15 percent on other consumer goods was also increased to 18 percent as the government sought to shore up its finances … Read more
The Indian Ocean has been receiving considerable attention recently, with a conclave of naval chiefs of littoral nations meeting in Bangkok under the Indian Ocean Naval Symposium banner. The symposium is an Indian initiative begun in 2008 and seeks to further maritime cooperation among the regional navies of the Indian Ocean. Earlier, China convened a … Read more
Curtis S. Chin, a former U.S. ambassador to the Asian Development Bank, is managing director of advisory firm RiverPeak Group. Jose B. Collazo is an analyst focusing on the Indo-Pacific region. Follow them on X at @CurtisSChin and @JoseBCollazo. As 2023 comes to a close, we take a look at the year that was in … Read more
India’s ban on the export of onions has driven up prices of the vegetable for Asian buyers, who are scrambling for cheaper alternatives, particularly as New Delhi is unlikely to lift the curbs before general elections next year. The world’s biggest exporter of onions banned shipments on December 8 after domestic prices more than doubled … Read more
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