President meets Elon Musk, discuss implementation of ‘Starlink’ in Sri Lanka
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President meets Elon Musk, discuss implementation of ‘Starlink’ in Sri Lanka

President Ranil Wickremesinghe has met with billionaire and investor Elon Musk on the sidelines of the 10th World Water Forum High-Level Meeting being held in Indonesia. During the meeting, Wickremesinghe and Musk have discussed the implementation of ‘Starlink’ in Sri Lanka. It was emphasized that Sri Lanka is committed to expediting the application process to…

City of Dreams Sri Lanka to start operations next year
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City of Dreams Sri Lanka to start operations next year

City of Dreams Sri Lanka is an upcoming large-scale entertainment and hotel project. It’s a partnership between Melco Resorts & Entertainment Limited and a company listed in Colombo called John Keells Holdings PLC. Together, they are developing this project, which will feature a casino and a hotel. This development, costing about US$1 billion, will be…

Samson Rubber Products celebrates 30-year anniversary
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Samson Rubber Products celebrates 30-year anniversary

On 27 April, SRP hosted a traditional Pirith chanting ceremony and a special event to honour its long-standing employees, reflecting SRP’s deep rooted cultural values and commitment to its workforce. The evening will conclude with a spectacular fireworks display, lighting up the skies of Galle in celebration of three decades of success. Since the inception…

CBSL forecasts economy to grow by 3% in 2024
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CBSL forecasts economy to grow by 3% in 2024

The Central Bank expects the economy to grow by 3% this year as the benefits of the eased monetary policy stance and low inflation environment continue to be gradually channelled into the economy. The outlook comes on the back of the economy recording a positive performance in the second half of 2023 following six quarters…

Iran reaffirms support to Sri Lanka via landmark presidential visit
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Iran reaffirms support to Sri Lanka via landmark presidential visit

In an internationally widely observed and landmark visit to Sri Lanka, the Iranian President Dr. Ibrahim Raisi yesterday renewed his country’s further support to the progress of the Indian ocean nation. In a whistle stop but highly secure tour to Sri Lanka, President Raisi inaugurated the $ 514 million worth ‘Uma Diya Janani’ multi-purpose development…

Sri Lanka donates USD 1 million to aid children in Gaza
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Sri Lanka donates USD 1 million to aid children in Gaza

The Government of Sri Lanka donated USD 01 million to assist children impacted by the conflicts in the Gaza Strip. The donation was formally transferred to the Government of Palestine through the United Nations’ official channel, overseen by President Ranil Wickremesinghe at the Presidential Secretariat this morning (01). Issuing a statement, the President’s Media Division…

A Thai Airways flight to Katunayake after 04 years
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A Thai Airways flight to Katunayake after 04 years

After a four-year hiatus, Thai Airways flight TG 307 arrived at Katunayake Bandaranaike International Airport at 11:55 last night. Originating from Bangkok, Thailand, the flight carried approximately 150 foreign tourists, including Thai nationals. According to Katunayake airport authorities, flights between Thailand and Sri Lanka are now operating daily. The Hon. Minister of Ports, Shipping, and…

Rs.3,439 million earned by exporting coconut water
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Rs.3,439 million earned by exporting coconut water

An income of Rs. 3,439 million was earned in February this year by exporting coconut water from Sri Lanka, the Coconut Development Authority (CDA) said. According to the data from the CDA, the amount earned by exporting coconut water in February 2023 is Rs. 2,705 million. There has been an increase in export income of…

Unpacking South Asia’s growing role in global debt
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Unpacking South Asia’s growing role in global debt

Half of the countries in the region-Afghanistan, Maldives, Pakistan, and Sri Lanka-are either in debt distress or at high risk of it. In 2006, South Asia’s total external debt stock increased by a record 23 percent. In 2022, the ratio of government debt-to-GDP in the region averaged 86 percent, higher than that of any other…