As respective exchange hits record-highs, the nation might be hoping to practice influence and work on its terms. In 2023, Mexico turned into the US’s top exchanging accomplice, outperforming China. Similarly, as the Mexican and American economies coordinate, however, so have the Mexican and Chinese economies, with China now the previous’ quickest developing unfamiliar financial […]

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.

By Uditha Devapriya Speaking at an awards ceremony on Wednesday, January 3, President Ranil Wickremesinghe announced that the government would be deploying a Navy vessel to the Red Sea. Wickremesinghe pointed out that the disruption of shipping lanes in the region would lead to increased freight charges and cargo costs, increasing import prices in the […]

One of the key factors that contributed to the exodus of medical specialists from the state sector is the disparity of the total remuneration received by the state medical specialists when compared to parallel grades in the government sector, the Association of Medical Specialists (AMS) says. There was always a shortage of medical specialists in […]

[An article based on the Keynote Address delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, recently at the Annual Research Symposium 2023 of the University of Colombo] Introduction Inflation affects every aspect of our lives; it is a force that shapes our purchasing power, influences our financial decisions, and […]

By Capt. A.G.A. Barrie P.Eng., B.Sc (Hons)(Eng) A.M.A. Azeez’s 50th death anniversary fell on November 24, 2023. Aboobucker Mohamed Abdul Azeez, an eminent educationist, erudite learned scholar in English and Tamil, brilliant orator, efficient administrator, writer, visionary and dedicated community worker, was born on October 4, 1911 to a traditional elite family of Vannarpannai in […]

By Uditha Devapriya Interactions are about connections. Connections are not always about commonalities. After all, it is not just commonalities that are celebrated, it is also differences. There are many ways of celebrating differences, many ways of affirming them. The Interact Movement in Sri Lanka is now almost 60 years old. The Interact Club of […]

By Rathindra Kuruwita The Court of Appeal is to announce, on 17 November, its verdict on the early retirement of medical specialists. Specialist doctors said on Monday (13) that 176 of them have submitted Writ Petitions opposing the Cabinet’s decision to enforce the retirement of medical specialists at the age of 60. It was pointed […]

Budget highlights Following are the highlights of Budget proposals made by President Ranil Wickremesinghe in Parliament yesterday: New economic and political system The President said in order not to fall back into a crisis, the economic and political system of Sri Lanka must be created anew.  He said that a new social consensus should be […]

* Tax revenue to be raised by 47.1% in 2024 * Rs 10,000 increase for public sector workers * Pensioners to get Rs 2,500 allowance * Rs. 450 bn reserved for bank recapitalization * Four new universities to be established * 20% of state banks to be given off by Saman Indrajith President Ranil Wickremesinghe, […]

As cricket in Sri Lanka is currently facing an institutional crisis and a shortage of talent Rs. 1.5 billion is to be allocated from the 2024 budget for the development of school cricket and for providing necessary facilities to cricket players at the provincial level. Schools and provinces with less facilities are to be given […]

‘2017 Foreign Exchange Act must be repealed’ By Shamindra Ferdinando President Ranil Wickremesinghe’s Director General on Trade unions Saman Ratnapriya yesterday (08) denied what he called the Opposition’s unsubstantiated claim that sugar importers had benefited from the latest increase in the Special Commodity Levy from 25 cents per kg of sugar to Rs 50 per […]

Close on the heels of humiliating battlefield defeats in the Jaffna peninsula, President Chandrika Bandaranaike Kumaratunga declared her intention to establish full diplomatic ties with Israel. Sri Lanka opened a diplomatic mission in Tel Aviv in Oct 2000 after having established full diplomatic ties with the Jewish State in May 2000, just a few weeks […]

ECONOMYNEXT –Opposition and SJB leader Sajith Premadasa has accused the government of shrinking the economy through its proposal to increase value added tax (VAT) to 18 percent, claiming that it will reduce spending and investments. Speaking at an event on Friday November 03, Premadasa said Sri Lanka is experiencing a shortage in both dollars and […]