report in ECONOMYNEXT online, Apr 24, 2023China, one of Sri Lanka’s largest bilateral lenders, attempted to prove its close cooperation with the island nation after its state-owned China Merchants Group (CMG) signed the first large investment deal since the Indian Ocean nation declared bankruptcy. The Hong Kong-listed company signed a $392 million agreement with government-owned Sri Lanka Ports Authority on Saturday to jointly build the South Asia Commercial and Logistics Hub. “We are always “providing…
Posts tagged as “Indian”
By Prithvi Man Shrestha in The Kathmandu Post, April 20, 2023The Independent Power Producers Association of Nepal said that deals were initiated for selling 2,200 MW of electricity to India during the two-day power summit that concluded on Wednesday in Kathmandu. Although the private sector is yet to get trading licence to sell electricity in the domestic and foreign market because the current law does not allow it, India’s Manikaran Power Limited on Tuesday signed…
REPORT IN DAHAKA TIBUNE, APR 12, 2023The Ministry of Information and Broadcasting has approved the import of films made in the languages of Indian subcontinent on five conditions including export of films made by Bangladesh. An office order signed by Information and Broadcasting Ministry Deputy Secretary (Films) Saiful Islam was issued in this regard on Tuesday. However, maximum 10 movies will be allowed to be imported in the first year against export of 10 movies,…
By Mukul Sharma in Wion, Apr 07, 2023 at 09:47 PMChina has proposed setting up of a radar base in Sri Lanka, aiming to counter India’s naval presence and strategic oversight in the Indian Ocean region, a report has claimed. The proposed radar base will focus on monitoring the activities of the Indian Navy while also evaluating New Delhi’s strategic assets in the region, Economic Times reported. The paper reported that Aerospace Information Research of…
By Nishel Fernando in Daily Mirror, Mar 31, 2023The use of Indian rupee (INR) in Sri Lanka-India bilateral trade is facilitating traders from both countries to cut transaction costs by over 50 percent while enabling same day trade settlements. Joining a panel discussion themed ‘Indian rupee denominated trade settlements between India and Sri Lanka and the impact to importers’ organized by Ceylon Chamber of Commerce, Bank of Ceylon Deputy General Manager – International Treasury and…
by Malik Asad in Dawn, March 11th, 2023ISLAMABAD: Talha Saeed, son of the chief of banned outfit Jamat-ud-Dawa (JuD) Hafiz Saeed, has approached the Islamabad High Court (IHC) seeking directions to the Ministry of Foreign Affairs to block an Indian move to impose travel and financial restrictions on him. He also annexed a letter of the Indian home ministry, sent to the United Nations, asking for sanctions against Mr Saeed for being the head of…
by Arjun Poudel in The Kathmandu Post, Mar 3, 2023Customs officials at the Tribhuvan International Airport confiscated drugs worth Rs1.8 million last week. The drugs, which are used in the treatment of severe Covid infection, were brought from India to smuggle to China, officials said. “We have been investigating the rising trend of smuggling drugs worth hundreds of thousands of rupees,” said Santosh KC, spokesperson for the Department of Drug Administration (DDA). “We will destroy…
report in Daily Mirror online Mar 8, 2023Sri Lanka is negotiating with India to extend a $1 billon credit line by a few months, two sources told Reuters. The credit line is to due to expire on March 17 with Sri Lanka having used only about two-thirds of it, mainly for medicines and food, said the sources and another person familiar with the matter. The extension talks come as the economy improves and forex reserves…
by Mirudhula Thambiah in The Morning, Feb 27, 2023While handing over a petition to President Ranil Wickremesinghe, Northern Fishermen’s Associations yesterday (26) gave a two-week ultimatum to the President to resolve their issues with regard to the decision taken to permit small vessels of Indian Fishermen to fish in the Northern seas, failing which, the fishermen threatened to hold a massive protest in the Northern Province with the participation 2,000 fishermen from all four districts,…
ANI report in Times of India, Feb 27, 2023 at 09.18 AM ISTNEW DELHI: Two Border Security Force (BSF) jawans received severe injuries after they were attacked by Bangladeshi miscreants and villagers while performing duty in the security of Indian farmers on the international border. BSF has raised the matter with Border Guards Bangladesh (BGB) and called for a flag meeting. In a statement, BSF informed that the incident took place in the area of…
By S. Rubatheesan in The Sunday Times, Feb 12, 2023Fisheries Minister Douglas Devananda donated fishing boats seized from Tamil Nadu fishermen who were illegally fishing in Sri Lankan waters to Sri Lankan fishermen moments after welcoming an Indian Union State Minister who arrived in Jaffna on Thursday for the opening of the Rs. 1.3 billion Cultural Centre, a gift by the Government of India. Five massive high-horse-powered boats used for illegal bottom trawling by the…