Sri Lanka on path of economic recovery: FM Shehan Semasinghe
The Hindu
Sri Lanka on path of economic recovery: FM Shehan Semasinghe
Shehan Semasinghe, State Minister of Finance Sri Lanka, said the island nation is on a recovery path after the worst economic crisis it faced in 2022, and there are opportunities for investors to take part in its growth story.
The Sri Lanka government has embarked on a slew of reforms to tide over the crisis in the last 15 months, he said, speaking at Invest Sri Lanka - Investor Forum India in Chennai on Wednesday, organised by the Confederation of Indian Industry (CII) in partnership with The Securities and Exchange Commission of Sri Lanka and the Colombo Stock Exchange.
Sri Lanka intends to complete its debt restructuring process by the final quarter of 2023. Sri Lanka was in negotiations with India, China, and Thailand in a bid to join the Regional Comprehensive Economic Partnership.
Mr. Semasinghe said tourism is a big opportunity, while Sri Lanka is looking to deepen its ties with India in terms of energy and transportation.
Dilshan Wirasekara, Chairman, Colombo Stock Exchange, and Chinthaka Mendis, Director General, Securities and Exchange Commission of Sri Lanka, also spoke about investment opportunities in Lanka.
LPG refill backlogs now range from 4 to 12 days as panic bookings decline amid ongoing restrictions, say distributors.
Acid attack on a minor girl sparks protests and Assembly outrage, with demands for swift justice and government accountability.
Three luxury cars were destroyed in a fire at a Vellore workshop, damaging nearby houses but causing no injuries.
Kerala's Pala constituency braces for a high-stakes three-way battle in the 2026 Assembly elections amid evolving political dynamics.
Delhi CM announces ₹10 lakh compensation for families of fire victims in Palam, pledging a magisterial probe for safety improvements.
As Tamil Nadu's assembly elections approach, Chepauk-Thiruvallikeni voters demand better civic solutions and security amid a competitive political landscape.
Justice Kurian Joseph urges graduates to value dignity over status and promote equality and respect in society.
Supriya Sahu highlights the ongoing gender disparities in skill training opportunities for women at FICCI FLO's ceremony.
Height restrictions near airports are stifling Bengaluru's growth, prompting calls for a review to boost development potential.
Meta challenges Delhi HC ruling on CCPA fine for walkie-talkie sales, arguing Facebook is not an e-commerce platform.
U. Nirmala Rani, AIDWA leader and advocate, passes away at 60, leaving a legacy in women's rights and justice.
‘Serve society with honesty and sincerity’
Jagan attends Iftar in Vijayawada, promoting unity, harmony, and communal respect during the sacred month of Ramzan.