Wickremesinghe's remark assumes significance as Sri Lanka was one of the five SAARC member-states which sided with India in pulling out of the summit scheduled in Islamabad on November 9-10 over an attack on an Indian army base in Uri on September 18 by Pakistan-based terrorists.
Sri Lanka and Bhutan strongly condemned the terror attack that left 18 soldiers dead and called for sustained regional and global cooperation to eliminate the menace of terrorism.
The decision of the Ministry of Power and Energy not to go ahead with the project in Trincomalee district's Sampur, was informed by the Attorney General.
Ports Minister Arjuna Ranatunga said they would like to see an Indian investor take at least a 20 per cent stake in a consortium that will run the 'East Terminal' of the expanded deep draught South Harbour of Colombo Port.
Nadda had in April said that the total expenditure on health as percentage to GDP for India in 2012 was merely 4 percent compared to poorest countries like Burundi which had around nine percent.
The new order will be completed in 24 months and margins from that are expected to be around 10-12 percent, said A Nithya, Whole Time Director, RPP Infra.
The company's wholly owned subsidiary in Sri Lanka has bagged order from High Commission of India Colombo worth USD 10.36 million.
CNBC-TV18‘s Navin Shetty reports that the order is for a building - Jaffna Cultural Centre. The company is likely to raise funds in second half of FY17.
The issue among others was came up for discussion during the meeting between the visiting Sri Lankan Minister for Development Strategies and International Trade, Malik Samarawickrama, and Commerce and Industry Minister Nirmala Sitharaman here.
The Lankan personnel damaged their fishing nets and also took away GPS equipment, Fishermen's Association President S Emiret said.
The Sri Lankan government today said that banking, trade and financial sectors were performing "normally" despite the impasse over its Central Bank Governor who was under fire for his alleged involvement in bond dealings favouring a firm linked to his son-in law.
"We hope to fast track the Economic and Technical Cooperation Agreement (ETCA) with India and free trade agreement with China. We are also hoping to sign similar trade deals with Japan and South Korea," Deputy Foreign Minister Harsha de Silva said.
Global sugar refining margins have fallen after the latest ICE raw sugar rally, driven by a shift of the global market into deficit. Margins could recover, however, as Indian low quality white sugar exports from mills would halt after the planned imposition of the tax, traders said.
The engineering exporters' body said country's engineering exports to Sri Lanka witnessed a degrowth of over 90 percent, falling to mere USD 63 million in April 2016 from USD 648 million in the same month last year, marked by a huge fall in exports of aircraft and spacecraft parts.
The IMF has approved a USD 1.5 billion loan to Sri Lanka, with USD 168 million being disbursed as the first tranche with immediate effect to support the country's economy, which is showing "signs of strain"
The partnership provides customers online booking options via thomascook.in covering standalone accommodation, and as inclusions in the company's holiday packages, Thomas Cook India said.
Prices of vehicles above 1000 cubic centimeter engine capacity will increase following the increase of the minimum unit tax from yesterday, Sri Lanka's Vehicle Importers Association said.
The major objective of the Ministry of Megapolis and Western Development is to bring systematic changes and development processes into the urban community in Sri Lanka, which will ensure inhabitants of urban areas become part of socio-economic development while maintaining high quality of life, Siemens said in a BSE filing.
At least 63 people have been killed and 134 others remained missing in floods and landslides triggered by heaviest rains in Sri Lanka in over a quarter century which also forced the evacuation of over 200,000 people from their homes in the country's capital
According to the weather department, the cyclone has now moved northeastwards and is centered around 280 km southwest off Gopalpur coast and is expected to hit Chittagong in Bangladesh on May 21st.
Navy said two Naval ships, one Naval Off Shore Patrol (NOPV) INS Sunayna and one survey vessel INS Sutlej, are being sent to Colombo coast from Southern Naval Command in Kochi.
The company has entered into an agreement to acquire four brands which includes Ferradol, Neko, Sloan‘s and Waterbury‘s Compound from Pfizer for a consideration of Rs 110 crore.
"The company's consumer products division has entered into an agreement to acquire four brands from Pfizer Ltd for a consideration of Rs 110 crore," Piramal Enterprises said in a filing to BSE.
This agreement will be subject to completion of prior actions and approval by the IMF's Executive Board, which is expected to consider Sri Lanka's request in early June.
"The mission made significant progress toward a staff level agreement with the government on an economic programme that could be supported by a 36-month Extended Fund Facility (EFF)" an IMF release said.