China’s consumer price index (CPI) fell by 0.3 per cent year on year in December, marking a third consecutive monthly decline amid fears of deflationary risks Concerns have risen that China is facing similar issues to Japan’s so-called lost decades of stagnation China’s falling consumer prices in the fourth quarter have plunged full-year inflation to […]

The Lakshman Kadirgamar Institute (LKI) hosted a panel discussion ‘Sri Lanka as a Destination: From Antiquity to Modernity’ as part of its outreach activities to promote ‘Cultural Diplomacy’ in Koggala on Saturday (13 January 2024). Held with the Indian Ocean as the backdrop at the Long Beach Hotel, Koggala, this interactive discussion was organized as […]

The economic reform programme, implemented by the Sri Lankan authorities is yielding the first signs of recovery with positive real GDP growth in the third quarter of 2023, low inflation, increased revenue collection, and a build-up of external reserves, the IMF has said. Staying the course on the reform agenda is necessary for this stabilization […]

President Ranil Wickremesinghe addressing the 19th Non-Aligned Movement (NAM) Summit in Kampala, Uganda said that Non-aligned nations, once perceived as weak states, have evolved beyond that characterization. He also expressed gratitude to President Museveni and Uganda for hosting the summit. Following is the full speech delivered by President Ranil Wickremesinghe; “Let me begin by congratulating ...

By Dr Upul Wijayawardhana In this time of moral bankruptcy, on top of an enormous economic crisis, Sri Lanka Medical Association (SLMA) is facing a huge challenge; it has had to restore the honour of and respect for the medical profession. It is obvious that corruption has affected all professions

By M. Rodwan Abouharb Associate Professor in International Relations, UCL and Bernhard Reinsberg Reader in Politics, University of Glasgow Sri Lanka received a bailout from the International Monetary Fund (IMF) in March amid soaring inflation, debt and a sovereign default. In exchange for US$3 billion (£2.4 billion), the government committed to spending cuts and tax […]

The Amnesty International, Human Rights Watch and International Commission of Jurists have joined over 30 international human rights organisations to pressure the Wickremesinghe-Rajapaksa government to halt the ongoing ‘Yukthiya’ operation. The grouping has expressed serious concern over what it called “drastic intensification” of anti-drug operations in Sri Lanka leading to significan...

… USD 5 mn paid to Iran a month By Shamindra Ferdinando Power and Energy Minister Kanchana Wijesekera has confirmed that consumers of petrol and diesel have been made to pay Rs. 50 to Rs. 55 per litre since the middle of last year to settle what the Ceylon Petroleum Corporation (CPC) owed its creditors. […]

Canada is considering a cap on the number of international students allowed to live in Canada, Immigration Minister Marc Miller said according to a CTV report, as the government faces criticism for a housing affordability crisis.

Ms. Shashi Kandambi, a leading professional in the banking sector, has assumed office as the 19th General Manager/CEO of National Savings Bank (NSB) on 10th January 2024. Ms. Kandambi was the Senior Deputy General Manager of International Banking at Sampath Bank, where she had a long-standing and successful career. Her banking experience spans over 35 […]

By Saman Indrajith Forty-eight-year-old Batticaloa District MP Sivanesathurai Chandrakanthan, popularly known as Pillayan, has been shaping the Eastern Province’s political narrative since he was a teenager. He was just 16-years old when he joined the LTTE in 1990 as a child soldier. Since then, he continued to rise in the ranks of the LTTE until […]

During a meeting between President Ranil Wickremesinghe, Sri Lankan authorities and the International Monetary Fund (IMF) on Thursday (11), the IMF congratulated the country on completing the first review under its program. The IMF highlighted the positive start of the program, recognizing the challenging reforms undertaken by Sri Lanka and their significant impact on the […]

By Rathindra Kuruwita The government will have to spend about USD 40 million to upgrade the offshore patrol vessel to be sent to the Red Sea to take part in operations against the Houthi rebels, Y.N. Jayarathna, retired Rear Admiral and hydrographer, said in a televised interview this week. The Sri Lanka Navy would be […]

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Announcement by UNP of Presidential, General and PC polls: By Shamindra Ferdinando Former Samagi Jana Balawegaya (SJB) parliamentarian Mujibur Rahuman yesterday (10) asked whether the Wickremesinghe-Rajapaksa government had decided to do away with Local Government (LG) polls. The SJB Mayoral candidate for the Colombo Municipal Council at the indefinitely postponed LG polls said that the […]

By Ifham Nizam Sri Lanka has made commendable strides towards fiscal discipline, particularly in the area of controlling government spending and managing inflation, Rockefeller International chairman and founder and CIO, Breakout Capital Ruchir Sharma said. Sharma was speaking at a special public lecture in Colombo recently, organized by the Central Bank of Sri Lanka. At […]