Stay updated with breaking news from Rohan masakorala. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
COLOMBO (Reuters) -Sri Lanka's central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of basic goods driven by a devastating economic crisis. ....
COLOMBO, April 8 Sri Lanka’s finance minister today said that the crisis-hit country must urgently restructure its debt and seek external help, while the main opposition threatened a no-confidence motion and business leaders warned that exports could plummet. The heavily indebted country has. ....
No oil spill reported, but Sri Lanka braces for worst after X-Press Pearl sinks by Malaka Rodrigo on 9 June 2021 Days after the ill-fated Singapore-flagged X-Press Pearl cargo ship erupted in flames, attempts to tow the vessel toward deep waters to reduce its impact failed as it began to sink off Sri Lanka’s western coast. The newly commissioned freighter was carrying 300 metric tons of fuel oil in its tanks, but no oil leaks have been reported as of June 8, according to the Sri Lanka Navy. But there’s already fallout from the disaster, with tons of grain-sized plastic pellets from the ship’s cargo washing up on beaches along the island’s western coast, posing a massive cleanup headache. ....
Updated: Sri Lanka ousted India and Japan from one project and awarded them another Share Article AAA A general view of the Chinese-managed terminal of the Colombo port is seen from the Galle Face promenade in Colombo on February 2, 2021. | Photo Credit: AFP Sri Lanka ousted India and Japan from one project and awarded them another In a Cabinet decision on February 1 this year, Sri Lanka booted India and Japan out of a 2019 deal to jointly develop the East Container Terminal (ECT) at the Colombo Port, as trade unions and sections of the Buddhist clergy vehemently opposed foreign involvement in the strategic national asset. Further, some raised questions about the possible conflict of interest, given that the Adani Group operates about a dozen ports in India. ....
The Port of Colombo has reached its capacity and losing market share | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.