Sri Lanka

2024 - 1 - 31

Sri Lanka: Recent Developments and Controversies Unveiled

Economy - Energy Production - Insurance - Land Surveys - Online Safety Laws - Protests - Sri Lanka - Tourism

Discover the latest news from Sri Lanka including economic stabilization, insurance directives, and online safety laws.

Sri Lanka has seen significant changes recently, with a new directive impacting non-life insurers and their motor insurance practices. The economy showed signs of stabilization in 2023, following an IMF debt restructuring agreement. However, vulnerable families continued to face challenges. The relationship between Sri Lanka and the United States was commemorated with a focus on People, Progress, and Partnership. In contrast, controversies arose over online safety laws and land surveys in Jaffna.

The insurance sector in Sri Lanka faced challenges as a directive required insurers to remit all riot and terrorism claims, impacting their profitability. Locals in Jaffna expressed fears over land surveys and ownership issues. Protests against government actions and debates over online safety laws added to the country's tumultuous situation.

Interesting Facts: A 150-year-old colonial bungalow in Sri Lanka was transformed into a boutique hotel blending colonial-style architecture with local flavors. India proposed supplying LNG to Sri Lanka's power plants, enhancing their energy production capabilities.

Sri Lanka's Motor Insurance Changes to Hit Non-Life Sector (Fitch Ratings)

Fitch Ratings-Hong Kong/Sydney/Colombo-31 January 2024: A new directive that Sri Lankan non-life insurers remit 100% of motor insurance strike, riot, ci.

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Image courtesy of "ReliefWeb"

UNICEF Sri Lanka Humanitarian Situation Report No. 2 (Economic ... (ReliefWeb)

2023 showed some stabilization of Sri Lanka's economy with the IMF debt restructuring agreement on 20 March 2023. However, many vulnerable families faced food ...

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Image courtesy of "US Embassy in Sri Lanka"

Ambassador Julie J Chung's Remarks at Amcham CXO Forum "75 ... (US Embassy in Sri Lanka)

Last year, we marked 75 years of the Sri Lankan/American relationship by focusing on People, Progress, and Partnership. As that celebration of 75 years ...

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Image courtesy of "EconomyNext"

Sri Lanka insurers to be hit by directive to remit all riot, terrorism ... (EconomyNext)

The segment has generally been highly profitable in recent years due to relatively low claim incidence, though there were significant claims in May 2022.

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Image courtesy of "EconomyNext"

Sri Lanka insurers to be hit by directive to remit all riot, terrorism ... (EconomyNext)

The segment has generally been highly profitable in recent years due to relatively low claim incidence, though there were significant claims in May 2022.

Sri Lanka surveys more land in Jaffna, sparking fears of yet another ... (Tamil Guardian)

An attempt to acquire 500 acres of land that had been handed to its rightful owners in Jaffna's Valikamam North has been exposed by locals who are ...

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Image courtesy of "WSWS"

Opposition grows against pro-government thug attack on Sri Lankan ... (WSWS)

US and UK academics and WSWS arts writers denounce the violent assault on Dehin Wasantha and Lakshman Fernando by pro-government union leaders at Moratuwa ...

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Image courtesy of "Architectural Digest India"

A 150-year-old colonial bungalow transforms into a boutique hotel in ... (Architectural Digest India)

Nestled at the edge of Sri Lanka's tea country, this is a fine blend of colonial-style architecture with Sri Lankan flavours.

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Image courtesy of "BBC News"

Sri Lanka's controversial internet safety law comes into force (BBC News)

The Online Safety Act gives a government commission broad powers to assess and remove "prohibited" content. Authorities said it would help fight cybercrime, but ...

New law for online content regulation comes into effect in Sri Lanka (Xinhua)

COLOMBO, Feb. 1 (Xinhua) -- Speaker of Sri Lankan Parliament Mahinda Yapa Abeywardana on Thursday endorsed the certificate on the Online Safety Bill, ...

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Image courtesy of "Take One"

Sri Lanka's controversial online safety bill becomes law | Take One (Take One)

Colombo, Feb 1 (PTI) Sri Lanka's Parliament on Thursday endorsed a controversial bill to regulate online content despite criticism from the Opposition that ...

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Image courtesy of "EconomyNext"

Speaker endorses Sri Lanka online safety bill (EconomyNext)

Sri Lanka's Speaker Mahinda Yapa Abeywardana has signed a bill to regulate online discourse into law, a statement from the Parliament said.

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Image courtesy of "adaderana.lk"

OSB sends 'negative signal' in Sri Lanka's path towards reform and ... (adaderana.lk)

“When major global tech companies characterize the bill as “unworkable” and stifling innovation and democracy, instead of actually addressing online crimes, ...

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Image courtesy of "Sri Lanka Mirror"

“Online Safety Bill sends negative signal in SL's path towards reform ... (Sri Lanka Mirror)

U.S. Ambassador to Sri Lanka – Julie Chung has said that while it is important for the government of Sri Lanka to carry out reforms, it is 'also important ...

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Image courtesy of "Crisis24"

Anti-government protest planned in Colombo, Sri Lanka, Feb. 1 ... (Crisis24)

Anti-government protest planned in Colombo, Sri Lanka, Feb. 1. Increased security likely; disruptions, clashes possible.

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Image courtesy of "Reuters"

India offers to supply LNG to Sri Lankan power plants - Sri Lanka ... (Reuters)

India has proposed to supply liquefied natural gas (LNG) to Sri Lanka to help the island nation produce power from its Yughadhanavi and Sobhadabavi power ...

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Image courtesy of "Business Standard"

India proposes supplying LNG to our power facilities: Sri Lanka's ... (Business Standard)

'In the efforts to expedite the process to generate power from LNG the Government of India has proposed an interim solution from Petronet LNG,' Energy ...

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Image courtesy of "EconomyNext"

Sri Lanka resumes talks with India's Petronet LNG to supply fuel (EconomyNext)

Indian High Commission, Ceylon Electricity Board, Lanka Transformers Ltd and Petronet LNG officials were involved in the discussions Thursday. India has ...

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Image courtesy of "Continental"

Continental Strengthens Manufacturing Footprint of its Specialty ... (Continental)

Investment of 13 million Euro further enhances local pre-production capabilities · Continentals plant in Kalatura, Sri Lanka produces material handling tires ...

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Image courtesy of "Observer Research Foundation"

Moratorium on Chinese research ships and Buddhist soft power ... (Observer Research Foundation)

China aims to use a Buddhist narrative to push forward its geopolitical and geoeconomic ambitions in the South Asian region. Moratorium on Chinese research ...

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Image courtesy of "ReliefWeb"

Sri Lanka - Dengue Outbreak & Floods, DREF Final Report ... (ReliefWeb)

Situation Report in English on Sri Lanka about Education, Health, Epidemic, Flood and more; published on 1 Feb 2024 by IFRC.

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Image courtesy of "Eurasia Review"

UNHRC And Future Of Sri Lanka – OpEd (Eurasia Review)

Morocco's UN Geneva representative, Mr Omar Zniber was elected as the President for the year 2024. As every year, in 2024 there will be three regular sessions ...

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Image courtesy of "World Coffee Portal"

Massimo Zanetti Beverage Group launches Segafredo Caffè in Sri ... (World Coffee Portal)

The Italian coffee group's Sri Lanka debut at Colombo's main international airport comes amid a resurgence of tourism to the south Asian country, ...

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