No international inquiry possible into 2019 Easter bombings: Sri Lankan President Ranil Wickremesinghe

No international inquiry possible into 2019 Easter bombings: Sri Lankan President Ranil Wickremesinghe

Ranil Wickremesinghe. File | Photo Credit: AP Dismissing the possibility of an international probe into the 2019 Easter terror attacks, Sri Lankan President Ranil Wickremesinghe has reiterated that such an investigation into the incident was not permissible under the country’s law. Responding to Sunday’s editorial in the Catholic Church’s Messenger newspaper titled “An international investigation … Read more

Former Sri Lanka President Gotabaya Rajapaksa returns to Sri Lanka from Dubai

Former Sri Lanka President Gotabaya Rajapaksa returns to Sri Lanka from Dubai

Former President Gotabaya Rajapaksa, who was ousted from power last year over his government’s mishandling of the cash-strapped country’s economy, has returned here from Dubai, his first foreign trip since returning to Sri Lanka four months ago. Rajapaksa and wife Ioma arrived at Bandaranaike International Airport here from Dubai on Thursday, the Daily Mirror Lanka … Read more

Crisis-hit Sri Lanka re-introduces fuel rationing

Crisis-hit Sri Lanka re-introduces fuel rationing

Sri Lanka’s state-owned petroleum corporation on Thursday re-introduced fuel rationing for vehicles, as the worst economic crisis in decades roils the country with massive public protests against the government. Ceylon Petroleum Corporation head Sumith Wijesinghe said that now motorcycles and other two-wheelers can purchase fuel up to worth Rs 2,000 per visit to a fuel … Read more

What is the current state of the Sri Lankan economy which has been facing headwinds since the Covid-19 outbreak?

What is the current state of the Sri Lankan economy which has been facing headwinds since the Covid-19 outbreak?

Roots of the crisis lie in economic mismanagement by successive governments in Colombo. But the current crisis was accelerated by deep tax cuts promised by Prime Minister Mahindra Rajapaksa during a 2019 election campaign that were enacted months before the pandemic. With the country’s lucrative tourism industry and foreign workers’ remittances sapped by the pandemic, … Read more

Modi-Rajapaksa Summit could open new opportunities for Indian investments in Sri Lanka

photo

The Virtual Bilateral Summit between PM Narendra Modi and Prime Minister Mahinda Rajapaksa on Saturday will enable to push economic partnership including Indian investments in the island nation particularly manufacturing sector. The Virtual Bilateral Summit will be Modi’s first such virtual engagement with a neighbouring country and also Rajapaksa’s first diplomatic engagement with a leader … Read more