News Updates

15th Sep, 2018 - 30th Sep, 2018
  • Sri Lanka ranked 76 at the latest Human Development Index (HDI) with a value of 0.770 under the category of countries with ‘High Human Development’, the United Nations Development Programme (UNDP) said. The HDI-2018, which was compiled by the UNDP and released on Friday said the value of Sri Lanka has been increased by only 0.78 per cent from 1990 to 2017. (Daily Mirror, September 17, 2018)
  • Thailand says FTA with Sri Lanka to be finalised by 2020
  • Negotiation on a Sri Lanka-Thailand Free Trade Agreement (FTA) would be concluded by 2020, the Thailand Nation reported today quoting a high-ranking Thai official. (Daily Mirror, September 19, 2018)
07th Sep, 2018 - 14th Sep, 2018
  • China welcomes PM’s statement on Chinese on ‘debt trap’
    A Chinese foreign ministry’s spokesperson welcomed Sri Lankan Prime Minister Ranil Wickremesinghe statement that his country did not fall into the debt trap because of the loan from China, nor did the country transfer control of the important port to China, the Associated Press of Pakistan (APP) reported. “I have seen relevant reports and welcomed Prime Minister Wickremesinghe’s statement. This is a powerful refutation of the nickname that China has set up a “debt trap” in Sri Lanka and that Sri Lanka was forced to “sell” the port to China,” Geng Shuang said during his regular briefing in Beijing. (Daily Mirror, September 13, 2018)
  • Poor economic management causes fuel price increase: Bandula The Government had to increase the prices of fuel due to its poor economic management, MP Bandula Gunawardana said. (Daily Mirror, September 11, 2018)
  • Visiting UN Expert Juan Pablo Bohoslavsky expressed concerns over the Sri Lankan Government’s decision taken in May 2016 to increase the Value Added Tax (VAT) from 11 per cent to 15 per cent. (Daily Mirror, September 11, 2018)
Credit: Nabila Jaffer