By Dr Upul Wijayawardhana Whilst THE USA and its allies continue to hound Sri Lanka for defeating terrorism, finding flimsy excuses for their warped actions, they seem to be turning a blind eye to the atrocities committed by their ally, Israel which continues to massacre the innocent breaking all rules with impunity. Their hypocrisy seems […]

President Ranil Wickremesinghe addressing the 10th World Water Forum, held in Bali, Indonesia today (20), highlighting the stark contrast between global funding priorities, pointing out the willingness of the Global North to fund death and destruction in Ukraine while showing reluctance to finance measures to combat climate change. Accordingly, President Wickremesinghe proposed a 10% levy […...

President Xi Jinping has hailed “new vistas” in China’s relationship with France on his first trip to Europe in five years – one that feels much like a charm offensive. Mr Xi will be looking to avert the trade war that is looming with Brussels, driven by fears of cheap Chinese electric vehicles entering the […]

Colombo has demonstrated its own brand of strategic autonomy on issues from Russia’s war in Ukraine to China’s global footprint By Michael Kugelman Most South Asian governments tend to have nonaligned foreign policies, balancing their relations with major powers. This maximizes their diplomatic flexibility and ability to operate independently on the world stage, also known as […]

India presented a new perspective to conceptualise its relationship with the West. The perspective is based on emphasizing its distinctions from BRICS co-founders China and Russia. The new approach came through by way of a response to a query, during the recently concluded 60th Munich Security Conference, about India’s freedom to choose between multiple partners […]

Secretary to the Treasury and Finance Ministry Mahinda Siriwardana has said that even if Sri Lanka achieves the goal of zero corruption, tax revenue will still have to be increased to bridge the budget deficit and lessen the country’s debt burden. Referring to the Supreme Court ruling pertaining to economic management delivered on Nov 14, […]

Over 300 oil and gas cargo vessels have visited the Hambantota international Port (HIP) in 2023, recording a 132 percent increase in vessel calls compared to 2022, Hambantota International Port Group (HIPG) said in a press release on Wednesday (31). A key reason for this is the port’s bunkering partner Sinopec actively operating in the […]

In the global political landscape of 2024, Reuters provides a comprehensive overview of key elections shaping the economic and geopolitical landscape across diverse regions. From Europe, where the rise of Eurosceptic far-right parties poses challenges to the European Union’s integration, to Russia, where Vladimir Putin is set for another term amid heightened tensions with the […]

Israel’s bombardment of Gaza is reaping an “appalling harvest” of innocent civilians, Pope Francis said in his Christmas message. In his Christmas Day “Urbi et Orbi” (to the city and world) address on Monday, the head of the Catholic Church also called the October 7 attack on Israel by Hamas “abominable” and again appealed for […]

[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 Uditha Devapriya On Tuesday, December 12, the UN General Assembly passed a resolution demanding a humanitarian ceasefire in Gaza. The United States was one of 10 countries to oppose, the others including Guatemala, Nauru, and Paraguay, and of course Israel. New Zealand, Canada, and Australia were among the 153 countries to vote in favour, […]