Asian honorific (3)
'asian honorific' is the definition.
(I've seen this in another clue)
This is the entire clue.
(Other definitions for sri that I've seen before include "... Lanka, formerly Ceylon" , "Indian address" , "Asian gentleman" , "Country formerly Ceylon" , "Indian title of respect" .)
(Other definitions for lama that I've seen before include "Dalai . . . ., chief priest and once ruler of Tibet" , "devout Buddhist" , "A Buddhist priest in Tibet (4)" , "A Tibetan Buddhist priest or monk" , "Tibetan spiritual leader" .)