- Last Update 2025-06-17 18:39:00
Indian Exim Bank eyes opening branch in Sri Lanka
The Export Import Bank of India (Exim Bank) is looking to open a branch office in Sri Lanka, with an eye on making India’s aid model effective, official sources revealed.
Indian banking authorities are exploring this possibility following the signing of a US$ 500 million Line of Credit (LOC) agreement between the Exim Bank and Sri Lanka Finance Ministry for the purchase of petroleum products this week.
Exim Bank has so far extended 11 credit lines to Sri Lanka aggregating to over $2.12 billion and the bank is cautious and selective about its exposure to the island nation, a senior official who wished to remain anonymous told the Business Times.
A line of credit (LOC) is a financing mechanism through which Exim Bank of India extends support for export of projects, equipment, goods and services from India and it extends LOCs on its own and also at the request to the Indian government for support, he added. (Bandula)
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- June 12, 2025 - 437 - 0
Badminton: World No.2 ranked Anders to play exhibition match against Viren at MBA Courts on Friday
An exhibition badminton match between Sri Lanka’s youngest Olympian shuttler, Viren Nettasinghe, and Anders Antonsen, the World No.2 ranked in Men’s Singles, will take place at the Mercantile Badminton Association (MBA) Courts at Malalasekara Mawatha, Colombo 7 on Friday (13).
- June 9, 2025 - 211 - 0
Protest in Colombo over attack on food aid ship to Gaza
A protest is underway at the Liberty Circle following Israeli forces attacking an aid ship to Gaza containing prominent activists carrying food to try and end the blockade of resources by the Israeli Government.
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Discarded soft toys make garbage tractor appealing
A garbage tractor driver from Kurunegala has gone viral on social media after adorning his municipal vehicle with teddy bears, fabric flowers, and colourful decorations, many of which were salvaged from the very trash he collects or purchased himself.
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