The State Minister for Technology, Kanaka Herath,  speaking at a press briefing titled “Collective Path to a Stable Country” held at the President Media Centre (PMC) today (29) said that preparations were underway to host  the Digital Economy Summit in Sri Lanka next July. He said that the summit

By Rathindra Kuruwita The Ceylon Electricity Board (CEB) has significantly overestimated the cost of electricity production and transmission for 2024 and this is reflected in their estimated cost of production, says MP Gamini Waleboda, head of the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis. The overestimation is around Rs 140 billion, […]

In a welcome development in relation to Sri Lanka’s regional policy, some state functionaries of the Ranil Wickremesinghe regime have gone on record as having stated that Sri Lanka would be taking notable cognizance of India’s security concerns, going forward. This is as it should be. None of India’s immediate neighbours could afford to overlook […]

President Ranil Wickremesinghe highlighted the significant role women entrepreneurs can play in fostering the digital and green economy while affirming the government’s commitment to supporting the empowerment of the women business community. President Ranil Wickremesinghe made these remarks

Romanian Ambassador Doamna Arhire has informed Prime Minister Dinesh Gunawardena that Romania would sign an agreement with Sri Lanka to avoid double taxation to boost the bilateral trade between the two countries. Ambassador Arhire called on Prime Minister Gunawardena at Temple Trees on Monday (26). PM Gunawardena and the Romanian envoy discussed the long-standing bilateral […]

Having entered the New Year 2024 and the economy across China is in a serious recession, recently many mainlanders revealed that markets ones crowded with passers-by are now extremely deserted, the atmosphere looks very gloomy and dreary, a large number of factories and stores have closed

Tuesday 27th February, 2024 Sri Lankan politics is turning red in tooth and claw; the battle for the coveted executive presidency is getting down and dirty with every passing day. The presidential election is about eight months away, but the prospective contenders are already trading blows below the belt. At this rate, they might even […]

By Usvatte-aratchi ‘The executive of the modern state is nothing but a committee for managing the common affairs of the whole bourgeoisie.’ The Communist Manifesto (1848) ‘… where political and business elites are intertwined in corrupt dealings, each reliant on the other’s power for survival… the downfall of one party can drag the other down […]

On 24 January this year, the Chinese Vice-Premier Li Guozhong made a brief transit halt in the Maldives. During the stopover, he met with the Foreign Minister Moosa Zameer. The Vice-Premier was on his way back after attending the Non-Aligned Summit and the third South Summit in Uganda from 19-24 January. This came after President […]

India’s interim budget focus on poor, youth, farmers and women will not only uplift more than 60 percent of the population in India but also have a spillover effect in South Asia. It sets an example for the developing countries to uplift the downtrodden, facilitate the youth, farmers and empower the women. Overall, it will […]

Monday 26th February, 2024 Sri Lanka is a nation in the hara-kiri mode. It needs no enemies; it has become its worst enemy. It continues to maintain a bunch of failed, corrupt politicians and their bureaucratic lackeys responsible for ruining the economy and hell-bent on degrading vital national

State Tourism Minister Diana Gamage says that Night Life Concept can boost the revenue of the tourism industry by 70 percent as nightlife plays a crucial role in catering to the needs of tourists, adding this applies not only to beach resorts but also urban centres like Colombo. Speaking at a press conference themed ‘Collective […]

by Rajan Philips Never mind what Anura Kumara Dissanayake wore in Delhi. Never mind what Ranil Wickremesinghe wears daily. What the people want is not the word salads of sartorial politics by Sunday pundits, but the proffering of substantive politics by contenders for political office. As the pre-election dust takes its own time to settle, […]

Leader of the United Republic Front Member of Parliament Patali Champika Ranawaka, presented the proposal titled “A United Step for the Country” to President Ranil Wickremesinghe , at ‘Srikota’, the United National Party headquarters in Colombo this morning (24). Speaking at the event President Ranil Wickremesinghe, highlighted the government’s concerted efforts over the past two […]

As Pakistan grapples with the aftermath of controversial elections, political chaos is threatening to cloud its $3bn deal with the International Monetary Fund (IMF), which analysts say is key to the country’s economic stability. On Thursday, the global lender said Pakistan’s interim government had “maintained” economic stability. The IMF’s communications chief, Julie Kozack, said the […]

Deputy Secretary of State of the United States of America Richard Verma visited Sri Lanka from last Thursday to yesterday, the Ministry of Foreign Affairs said in a press release. The visiting U.S. Deputy Secretary of State and delegation had extensive discussions with Foreign Minister Ali Sabry at the Ministry of Foreign Affairs on further […]

;From my experience, an election boosts an economy.” […]

By Rathindra Kuruwita Until Sri Lanka has access to international money markets, which will allow it to ensure there are no short-term dollar shortages, relaxing the restrictions on vehicle imports is out of the question, Professor in Economics at the Department of Economics at Colombo University, Dr. Priyanga Dunusinghe, said. Even then, relaxing vehicle imports […]