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Sri Lanka has increased security in tourist areas following warnings from the US and Israel about potential terrorist attacks targeting popular beach resorts. The US Embassy advised citizens to avoid Arugam Bay, while Israel's National Security Council urged its citizens to leave certain coastal areas due to credible terrorism threats. The heightened security measures come after intelligence was received regarding a specific nationality of tourists being targeted, with two suspects taken into custody in connection with the alleged threats. The country's tourism industry, which had been recovering from a previous attack in 2019, is now facing new challenges as authorities work to ensure the safety of visitors. [Extracted from the article]

Sri Lanka's new government has announced that it will review a wind power deal with the Adani Group, a move that could pose a challenge for the Indian conglomerate's expansion plans. The previous administration's approval of electricity prices for Adani Green Energy Ltd.'s projects has been deemed problematic by the new government. The decision to reassess the deal aligns with President Anura Kumara Dissanayake's campaign promise to cancel the project, which he viewed as a threat to Sri Lanka's energy sovereignty. The Adani Group's proposed wind projects in Mannar and Pooneryn are also facing court challenges and complaints about transparency. [Extracted from the article]

Sri Lanka's new president, Anura Kumara Dissanayake, plans to start discussions with the International Monetary Fund (IMF) in order to establish stability in the country before implementing other initiatives. Dissanayake, a leftist political outsider, aims to reopen negotiations with the IMF over a $3 billion bailout. He dissolved the nation's parliament and called for early elections to be held on November 14th, which is seen as an attempt to strengthen his position and push through campaign promises. Dissanayake also faces the challenge of balancing the interests of China and India, two major investors in Sri Lanka. [Extracted from the article]

Sri Lanka's new leftist president, Anura Kumara Dissanayake, has taken office after winning the election by ousting the country's elites who were blamed for the nation's bankruptcy and unpopular austerity measures. Dissanayake has vowed to reopen negotiations with the International Monetary Fund (IMF) over the $3 billion bailout, which came with spending cuts and tax hikes. However, this risks delaying the disbursement of fresh loans from the IMF. Dissanayake also faces the challenge of balancing the interests of China and India in foreign policy, as well as implementing his economic pledges while maintaining stability in the economy. [Extracted from the article]

Sri Lanka's new leftist president, Anura Kumara Dissanayake, has taken office after winning the election by ousting the country's elites who were blamed for the nation's bankruptcy and harsh austerity measures. Dissanayake has vowed to work towards clean governance and reopen negotiations with the International Monetary Fund (IMF) over the $3 billion bailout. However, this move risks delaying the disbursement of fresh loans from the IMF. Dissanayake also faces the challenge of balancing the interests of China and India in foreign policy, as well as implementing his economic pledges while maintaining stability in the economy. [Extracted from the article]

Sri Lanka's new leftist president, Anura Kumara Dissanayake, has been sworn into office after winning a sweeping election. He aims to address the economic crisis in the country, which voters blamed on the elites and their harsh austerity measures linked to an IMF bailout. Dissanayake plans to reopen negotiations with the IMF and seek modifications to the existing terms. He also faces the challenge of balancing the interests of China and India, major investors in Sri Lanka. The US and India have congratulated Dissanayake and expressed their willingness to work with him to strengthen ties. [Extracted from the article]

Anura Kumara Dissanayake, a leftist political outsider, has been elected as the president of Sri Lanka. He won the election by a significant margin, defeating opposition leader Sajith Premadasa and incumbent President Ranil Wickremesinghe. Dissanayake has promised to reopen negotiations with the International Monetary Fund (IMF) over the country's $3 billion bailout, which imposed unpopular spending cuts and tax hikes. However, this move may risk delaying the disbursement of fresh loans from the IMF. Dissanayake's victory reflects the frustration of the Sri Lankan people with the political elite who caused the nation's financial crisis. He now faces the challenge of implementing his economic pledges while maintaining stability in the economy and managing the competing interests of China and India. [Extracted from the article]

Anura Kumara Dissanayake, a leftist candidate, has won the presidential election in Sri Lanka. He secured 5.74 million votes, defeating opposition leader Sajith Premadasa. Dissanayake campaigned on a platform of clean governance and combating corruption, promising to address the economic crisis and high debt that the country is facing. His win marks a victory for the anti-establishment protest movement and signals the frustration among Sri Lankans with the ruling establishment. Dissanayake now faces the challenge of implementing his economic pledges while maintaining stability in the economy and managing the IMF bailout funds. [Extracted from the article]

Anura Kumara Dissanayake, a leftist politician in Sri Lanka, is leading in the presidential election with 41.4% of the vote, according to the Daily Mirror. However, it is likely that the election will head for a run-off as no candidate has reached the required 50% of the vote. Dissanayake's coalition has promised to fight corruption and address the economic crisis in the country. The election is the first since an economic crisis two years ago, and investors are concerned about the potential impact on Sri Lanka's debt restructuring and IMF funds. [Extracted from the article]

Anura Kumara Dissanayake, a leftist politician in Sri Lanka, has taken an early lead in the presidential election. With nearly 1.5 million votes counted, Dissanayake has 49.8% of the vote, followed by opposition leader Sajith Premadasa with 25.8% and incumbent President Ranil Wickremesinghe with 16.4%. A candidate needs to win 50% of the vote to be declared the winner, otherwise a run-off will be held. The election is the first since an economic crisis two years ago, and Dissanayake's coalition has promised to fight corruption and address the country's economic issues. [Extracted from the article]

Sri Lanka is currently counting votes in a presidential election that will have significant implications for the country's economy and its $3 billion bailout from the International Monetary Fund (IMF). The election follows an economic crisis and debt default that led to political unrest and the removal of the former leader. The three leading contenders are incumbent President Ranil Wickremesinghe, opposition leader Sajith Premadasa, and leftist politician Anura Kumara Dissanayake. Voter turnout was high at 75%, and the Election Commission reported that it was one of the most peaceful voting days in the country's history. The election outcome may result in a run-off, and investors are concerned about potential financial market turmoil if the IMF loan program is affected. [Extracted from the article]

Anura Kumara Dissanayake, a leftist politician in Sri Lanka, has taken an early lead in the presidential election. With 55.9% of the vote, Dissanayake is ahead of the incumbent President Ranil Wickremesinghe and opposition leader Sajith Premadasa. A candidate needs to win 50% of the vote to be declared the winner. Dissanayake's coalition has promised to fight corruption, scrutinize loan deals, and renegotiate a $3 billion bailout loan from the International Monetary Fund. The election is the first since an economic crisis two years ago, and investors are concerned about possible delays in debt restructuring and the disbursement of funds from the IMF. [Extracted from the article]

Namal Rajapaksa, a member of the influential Rajapaksa family, is running for president of Sri Lanka in the upcoming elections. The Rajapaksa clan's party, Sri Lanka Podujana Peramuna, named Namal as their candidate, signaling their attempt to regain power after the country's economic crisis and debt default in 2022. Namal will be running against incumbent President Ranil Wickremesinghe, opposition leader Sajith Premadasa, and Anura Kumara Dissanayake. The election, scheduled for September 21, will be the first since the economic crisis, and nearly 20 candidates have placed deposits to contest the polls. [Extracted from the article]

Sri Lanka's ruling Podujana Peramuna party has announced Namal Rajapaksa as their candidate for the upcoming presidential election on September 21. Rajapaksa, a member of the influential Rajapaksa family, will be running against incumbent President Ranil Wickremesinghe, main opposition leader Sajith Premadasa, and Anura Kumara Dissanayake, who is supported by the socialist Janatha Vimukthi Peramuna party. This election comes after a historic debt default in May 2022, which led to a decline in living standards and widespread unrest, resulting in Namal's uncle, Gotabaya Rajapaksa, fleeing the country and resigning. [Extracted from the article]

Sri Lanka has received initial approval for the next loan tranche from a $3 billion International Monetary Fund (IMF) bailout program. The staff-level agreement for the second review of the program grants the nation access to approximately $337 million, pending approval from the IMF's executive board. The funding is contingent on the implementation of prior actions, completion of financing assurances, and progress on debt restructuring. Sri Lanka, which fell into a historic sovereign default two years ago, remains reliant on IMF aid to address its nearly $7 billion external financing needs this year. The IMF emphasized the importance of sustaining reform momentum for lasting recovery and inclusive economic growth. Investors are optimistic about Sri Lanka's prospects, with the currency strengthening and dollar bonds performing well. Negotiations are expected to begin next week to restructure $12 billion in defaulted global bonds, and Sri Lanka has already reached an initial restructuring deal with official creditors, including India, China, and the Paris Club. [Extracted from the article]

Sri Lanka has received initial approval for the next loan tranche from a $3 billion International Monetary Fund (IMF) bailout program. The staff-level agreement grants the nation access to approximately $337 million, pending approval from the IMF's executive board. This funding is contingent on the implementation of prior actions, completion of financing assurances, and progress on debt restructuring. Sri Lanka, which fell into a historic sovereign default two years ago, remains reliant on IMF aid to address its nearly $7 billion external financing needs. The IMF's support is crucial for restoring economic growth in the country, which has been severely impacted by the pandemic and the debt crisis. [Extracted from the article]

Sri Lanka has received initial approval from the International Monetary Fund (IMF) for the release of the next loan installment from its $3 billion bailout program. The agreement is subject to certain provisions and is part of Sri Lanka's efforts to restore economic growth after being impacted by the pandemic and debt crisis. The country is also in negotiations with global investors to restructure $12 billion in defaulted global bonds. The IMF's executive board must approve the loan tranche, and progress in debt restructuring is a condition for the funding. [Extracted from the article]

Sri Lanka has reportedly sent a new proposal to its dollar bondholders through its adviser Lazard as part of its efforts to restructure its defaulted debt. The details of the proposal have not been disclosed. Government representatives may travel to London soon to meet with Sri Lanka's commercial creditors. Completing the restructuring of Sri Lanka's $27 billion foreign debt is crucial for the country to continue receiving financing from the International Monetary Fund. The government has already reached restructuring agreements with official creditors and holders of its local debt. [Extracted from the article]

Sri Lanka has reportedly sent a new proposal to its dollar bondholders through its adviser Lazard as part of its efforts to restructure its defaulted debt. The details of the proposal have not been disclosed. The completion of the debt restructuring is crucial for Sri Lanka to continue receiving financing from the International Monetary Fund. The government has already reached restructuring agreements with official creditors and holders of its local debt. [Extracted from the article]

Sri Lanka's parliament has passed a controversial law that gives the government extensive powers to regulate social media and online speech. The Online Safety Bill allows the establishment of a commission with the authority to order the removal of prohibited posts and take legal action against publishers of illegal content. The law has faced opposition from legislators who argue that it will undermine democracy and the country's nascent internet economy. The Asian Internet Coalition, representing firms such as Google and Apple, has expressed concerns about the bill's provisions. The law comes into effect ahead of presidential elections in Sri Lanka. [Extracted from the article]