sri lanka – Revoi.in

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US State Dept flags Sri Lanka’s difficult investment climate, cites policy inconsistency

September 30, 2025 revoi editor

Colombo, Sep 30 : Sri Lanka’s foreign investment policy is inconsistent and is marred by unnecessary regulations, legal uncertainty and poor bureaucratic responsiveness, the US Department of State said, citing Adani group’s pullout of a USD 400 million renewable energy project in the island nation. In its 2025 Investment Climate Statements, the department said Sri […]

Business

Adani Green Energy withdraw from further engagement in the RE wind energy project and two transmission projects in Sri Lanka

February 13, 2025 revoi editor

An Adani Group spokesperson said, Adani Green Energy has conveyed its Board’s decision to respectfully withdraw from further engagement in the RE wind energy project and two transmission projects in Sri Lanka. However, we remain committed to Sri Lanka and are open to future collaboration if the Government of Sri Lanka so desires.

Auto

Automobiles: After four years, Sri Lanka lifts vehicle import ban

December 19, 2024 revoi editor

New Delhi: The Sri Lankan government has decided to lift the ban on the import of vehicles from February 2025, the media reported on Thursday. Four years ago, Colombo prohibited imports of vehicles because of the foreign exchange crisis in the wake of the ongoing COVID-19 pandemic in the world. Its Ministry of Finance said […]

English

This is how the people of Sri Lanka celebrate Diwali and their views about this festival

October 20, 2022 Vinayak Barot

Diwali for Indians is not just a day, but it is the day of celebration when Lord Shree Ram came back to Ayodhya after beating Ravan in Sri Lanka. Many people in India have different thoughts also over the celebration of Diwali, According to these people, Lord Shree Ram wanted us to know that the […]

English

Sri Lanka Needs Support, Not ‘Unwanted Pressure’ To Serve Agenda: India on China’s Spy Ship in Hambantota

August 29, 2022 Vinayak Barot

Vinayak Barot New Delhi: After China alleged India that the New Delhi government is interfering in Sri Lanka’s internal affairs, India criticized China and firmly communicated to Beijing that Colombo needs “support, not unwanted pressure or unnecessary controversies to serve another country’s agenda,” The island nation is grappling with the worst economic crisis since 1948. The […]

English

China’s ‘Debt Trap’ Pushing Many Asian Countries to Economic Crisis: Experts

August 10, 2022 Vinayak Barot

New Delhi: On the financial crisis in Pakistan, Bangladesh, Sri Lanka, and many other Asian countries, the experts have expressed their views and said the reason for the financial instability in these countries is somewhere – majorly connected with the loans these countries have taken from China. The communist government of China has provided US […]

English

Sri Lanka: Government Hikes Electricity Rates up by 264 Percent Amid Crisis

August 10, 2022 Vinayak Barot

New Delhi: In the middle of the financial crisis in Sri Lanka, the island people’s trouble has increased massively as the island nation’s state-run electricity monopoly on Tuesday announced that it will raise tariffs by a stinging 264 percent for people consuming the least. The smallest consumers, currently charged 2.50 rupees a unit, will be charged […]

English

India’s Diplomatic Move: Sri Lanka Asks China to Defer Military Ship Visit

August 9, 2022 Vinayak Barot

New Delhi: After the pressure from the government of India on Sri Lanka, the current authority in Sri Lanka asked China to defer a military ship visit to the island country. Sri Lanka said on Monday it had asked China to defer the planned visit of a Chinese ship to the island country after initially approving […]

English

Commonwealth Games: 10 Srilankan missing in Birmingham

August 8, 2022 Vinayak Barot

New Delhi: Ten members of the financial crisis-hit Sri Lanka’s Commonwealth Games contingent in Birmingham have disappeared in a suspected attempt to remain in Britain. The nine athletes and a manager vanished after completing their events, a Sri Lankan official said on Sunday. Three of them – judoka Chamila Dilani, her manager Asela de Silva, and […]

English

The World Bank Denies New Fund to Sri Lanka, Financial Crisis Expected to Surge

July 30, 2022 Vinayak Barot

New Delhi: The financial instability in the island country Sri Lanka, may surge to a new level in the coming few days as the world bank has denied new funds to the Colombo government. “The World Bank will not release any fresh funding to Sri Lanka unless the nation does not undertake deep structural reforms,” said […]