Sri Lanka Archives - China Heralder https://chinaheralder.com/category/sri-lanka/ Voice of Great China Thu, 08 Aug 2024 15:53:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://chinaheralder.com/wp-content/uploads/2023/01/cropped-china-heralder-Favico-32x32.png Sri Lanka Archives - China Heralder https://chinaheralder.com/category/sri-lanka/ 32 32 Meet the founder who built and sold a $600M enterprise software startup from Sri Lanka https://chinaheralder.com/2024/08/09/meet-the-founder-who-built-and-sold-a-600m-enterprise-software-startup-from-sri-lanka/ Fri, 09 Aug 2024 14:57:54 +0000 https://chinaheralder.com/?p=7606 Sanjiva Weerawarana is a Sri Lankan success story. He founded enterprise software firm WSO2 in 2005, got it close to $100 million in ARR as its CEO, then sold it to private equity firm EQT for $600 million in May. He sometimes drives for Uber, too. Sri Lanka isn’t renowned for its startup ecosystem, but […]

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]]> Sri Lanka ends visas for hundreds of thousands of Russians staying there to avoid war https://chinaheralder.com/2024/04/10/sri-lanka-ends-visas-for-hundreds-of-thousands-of-russians-staying-there-to-avoid-war/ Wed, 10 Apr 2024 16:35:03 +0000 https://chinaheralder.com/?p=7268 Sri Lanka has told hundreds of thousands of Russians and some Ukrainians staying in the country to escape the war that they must leave in the next two weeks, immigration officers said. The immigration controller issued a notice to the tourism ministry asking Russian and Ukrainian people staying on extended tourist visas to leave Sri Lanka within two weeks from […]

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]]> Power and betrayal https://chinaheralder.com/2024/02/18/power-and-betrayal/ Sun, 18 Feb 2024 21:21:59 +0000 https://chinaheralder.com/?p=7172 In the whirlwind of Sri Lankan politics, last week’s visit by Anura Kumara Dissanayake (AKD) to India carved a narrative that has both intrigued and polarised the political arena. This spectacle showcased the delicate art of political communication, underscoring the critical importance of reputation management and the nuanced dance of damage control in the face […]

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]]> Sri Lanka’s Budget Navigates Challenging Economic Crisis https://chinaheralder.com/2023/12/29/sri-lankas-budget-navigates-challenging-economic-crisis/ Fri, 29 Dec 2023 15:22:55 +0000 https://chinaheralder.com/?p=7076 London, (16/11 – 57) Sri Lanka President Ranil Wickremesinghe has laid out the bankrupt country’s budget for 2024, drawing mixed reviews as he strives to meet the demands of an International Monetary Fund bailout program without sowing further public resentment ahead of expected elections. Some observers applauded the proposals, not only for what they included […]

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]]> President Wickremesinghe Delivers IMF Deal for Sri Lanka https://chinaheralder.com/2023/12/24/president-wickremesinghe-delivers-imf-deal-for-sri-lanka/ Sun, 24 Dec 2023 08:54:10 +0000 https://chinaheralder.com/?p=7059 Copenhagen (13/11 – 37.5) When Ranil Wickremesinghe took over as Sri Lanka’s president in July after a popular uprising ousted his predecessor, the South Asian island nation was engulfed in its worst economic meltdown in 75 years. Since then, President Wickremesinghe has managed to a keep a lid on mass protests, improve supplies of essentials […]

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]]> France, UK Jointly Ask US Court to Freeze Litigation on Sri Lanka https://chinaheralder.com/2023/12/20/france-uk-jointly-ask-us-court-to-freeze-litigation-on-sri-lanka/ Wed, 20 Dec 2023 17:03:28 +0000 https://chinaheralder.com/?p=6990 London (06/11 – 58) France and the United Kingdom (UK) have jointly made a request in favour of Sri Lanka to the court of the Southern District of New York, for a six-month freeze on any litigation in the Hamilton Reserve Bank case until Sri Lanka’s external debt restructuring is completed, the Financial Times reported. […]

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]]> President Wickremesinghe’s Contribution To Securing IMF Loan For Sri Lanka https://chinaheralder.com/2023/12/18/president-wickremesinghes-contribution-to-securing-imf-loan-for-sri-lanka/ Mon, 18 Dec 2023 20:44:56 +0000 https://chinaheralder.com/?p=6997 Brussels (08/11 – 50) On March 20, the IMF approved a $3 billion Extended Fund Facility (EFF) to support Sri Lanka amid its economic crisis. The approval is expected to pave the way for other financial institutions to extend support to the bankrupt South Asian country. IMF program was made possible largely due to the […]

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]]> Notorious Benjamin Wey Sues Sri Lanka For $250 Million https://chinaheralder.com/2023/12/17/notorious-benjamin-wey-sues-sri-lanka-for-250-million/ Sun, 17 Dec 2023 04:20:37 +0000 https://chinaheralder.com/?p=6980 London (05/11 – 44.44) Benjamin Wey, a Chinese-American financier, founder of Fintech Holdings and a history of legal trouble, is suing Sri Lanka for $250 million. Wey claims that he was assured by Sri Lanka’s central bank governor that the country would repay a $250 million bond. However, Sri Lanka defaulted on the bond in April 2022. […]

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]]> Sri Lanka Reawakens Political Activism https://chinaheralder.com/2023/12/15/sri-lanka-reawakens-political-activism/ Fri, 15 Dec 2023 23:46:48 +0000 https://chinaheralder.com/?p=6976 Copenhagen (14/11 – 40) The massive mobilization and sustained pressure jolted the Sri Lankan presidency of the previously all-powerful Gotabaya Rajapaksa, prompted mass resignations from the government at the time, and solidified existing spaces and created new spaces for dissent and discussions on much-needed reforms. Sri Lanka is facing an exceptional political and economic crisis […]

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]]> Sri Lanka Remains in Economic Crisis, Impinges Human Rights https://chinaheralder.com/2023/12/14/sri-lanka-remains-in-economic-crisis-impinges-human-rights/ Thu, 14 Dec 2023 03:49:57 +0000 https://chinaheralder.com/?p=6968 London (15/11 – 67) The streets in Colombo, Sri Lanka, erupted into celebration on July 13, 2022 after weeks of peaceful protests forced then-President Gotabaya Rajapaksa to flee the country. Rajapaksa, long implicated in war crimes when he was defense secretary, had presided over an economic catastrophe amid allegations of widespread corruption and impunity. But a year later, despite […]

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