The US markets extended their losses on Monday, continuing the downturn that began last week, while Asian markets also saw significant declines, particularly in Japan, a country with very low interest rates. The Dow Jones Industrial Average dropped by 1,033 points, or about 2.6 percent, the S&P 500 fell by 3 percent, and the Nasdaq
A $1.5 billion Light Rail Transit (LRT) project, previously canceled unilaterally by former Sri Lankan leader Gotabaya Rajapaksa, may be considered as a potential future project, according to Japanese Ambassador to Sri Lanka Mizukoshi Hideaki. Japan recently announced the resumption of 11 suspended projects in Sri Lanka, following the country’s default on sovereign debts and
The Government of Japan has officially decided to resume disbursement for Yen Loan Projects in Sri Lanka, which were suspended following the country’s default in 2022. This decision was announced at a joint press conference by the Sri Lankan Finance Ministry, the Embassy of Japan, and the Japan International Cooperation Agency (JICA) Sri Lanka Office.
Sri Lanka and Japan have discussed new funding strategies to reduce carbon emissions and revive halted projects during a meeting with President Ranil Wickremesinghe, according to his media office. With Sri Lanka reaching an agreement with official creditors to restructure bilateral debt, Japan is now able to provide new loans and resume previously suspended projects.
Sri Lanka is rolling out the welcome mat for tourists! The Department of Immigration and Emigration has announced that free visa entry for citizens of seven countries has been extended indefinitely. This decision, communicated through a circular issued on May 30th by Immigration Controller General Harsha Ilukpitiya, applies to travelers from India, Indonesia, China, Russia,
Japan’s Foreign Minister Yoko Kamikawa is set to embark on an official visit to Sri Lanka from May 4 to 5. During her visit, Minister Kamikawa will engage in courtesy calls with President Ranil Wickremesinghe and Prime Minister Dinesh Gunawardena. Additionally, she will hold official discussions with Sri Lanka’s Foreign Minister Ali Sabry, accompanied by