Sri Lankan economy in major crisis; lacks funds to repay loans, foreign reserves drop

Sri Lankan economy in major crisis; lacks funds to repay loans, foreign reserves drop

Colombo – Sri Lanka, which has borrowed heavily from China, faces a massive financial crisis. Sri Lanka’s foreign exchange reserves have fallen sharply, with only three months’ worth of foreign reserves remaining. This has led Sri Lanka to impose restrictions on imports of various commodities. According to some reports, Sri Lanka also has no money […]

Read More »

Bangladesh, Myanmar and Sri Lanka trust Indian vaccine

Bangladesh, Myanmar and Sri Lanka trust Indian vaccine

New Delhi: – Myanmar counsellor Aung San Suu Kyi established a dialogue with her countrymen. While speaking to her countrymen, Suu Kyi made a big announcement. India will be supplying the vaccine for the Coronavirus, to Myanmar. Suu Kyi said that agreement for purchase of the vaccine has already been signed with the Serum Institute of India. In the recent elections, […]

Read More »

India-Sri Lanka-Maldives concur on intelligence sharing for security of the Indo-Pacific

India-Sri Lanka-Maldives concur on intelligence sharing for security of the Indo-Pacific

Colombo: – India has started opening fronts on different levels, to counter the increasing Chinese activities in the Indo-Pacific region. Cooperation is being solicited from the neighbouring countries for this purpose. The meeting held on Saturday, between Indian National Security Advisor (NSA), Ajit Doval, and Sri Lanka and the Maldives, clearly point to that. Sources […]

Read More »

Sri Lanka a priority under Neighbourhood First policy, assures PM Narendra Modi

Sri Lanka a priority under Neighbourhood First policy, assures PM Narendra Modi

New Delhi: – Prime Minister Narendra Modi assured, ‘Confidence is seen in the leadership of Mahinda Rajapaksa. A new chapter in the India-Sri Lanka relations has started with his win. India will always give preference to Sri Lanka under the ‘Neighbourhood First’ and ‘Sagar’ policies.’ A virtual meeting was held between the Indian and Sri […]

Read More »

Won’t tolerate dominance of any nation in the Indian Ocean region: Sri Lankan President indirectly warns China

Won’t tolerate dominance of any nation in the Indian Ocean region: Sri Lankan President indirectly warns China

Colombo: – Sri Lankan President Gotabaya Rajapaksa said that Sri Lanka is against any country’s domination in the Indian Ocean region. Henceforth, the Sri Lankan foreign policy will not have any preferences. Moreover, it will have a non-aligned foreign policy. President Gotabaya Rajapaksa drew attention to the changed Sri Lankan foreign policy in the UN […]

Read More »
1 2 3 11