COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe has said that several halted development projects would resume promptly, on successful completion of the debt restructuring efforts. He was meeting with Yuan Jiajun, politburo member of the Communist Party of China who called on Presiden...

COLOMBO (News 1st); Fitch Ratings said that the Sri Lankan government's debt restructuring plan is likely to reduce investment and liquidity risks for domestic insurers. Fitch expects pressure on insurers' investment and capital profiles to ease as the proposed plan will not have direct imp...

COLOMBO (News 1st); The Merchant Shipping Secretariat of Sri Lanka announced that it would suspend general services on the 28th and 31st of July 2023. A statement noted that the decision to suspend general services on those two days is due to the relocation of the Merchant Shipping Secretariat to a...

Japanese Foreign Minister Yoshimasa Hayashi plans to visit six Asian and African countries to strengthen cooperative ties with so-called Global South nations. Hayashi said the trip will take place from the end of this month into early August and include visits to India, Sri Lanka, Maldives, South A...

COLOMBO (News 1st); The Norwegian Embassy in Colombo will close on 31 July 2023, permanently. The Embassy said in a statement that from 1st of August, the Norwegian Embassy in New Delhi will be responsible for Norway's bilateral relationship with Sri Lanka and the Maldives. "This Facebook...