President Ranil Wickremesinghe is scheduled to participate in two May-Day rallies tomorrow (01). The May Day Rally organized by the Ceylon Workers’ Congress (CWC) to commemorate International Labour Day will commence at 10:00 am at the Kotagala Public Grounds. President Ranil Wickremesinghe will participate in this event, responding to the invitation extended by the Ceylon […]

Cash-strapped Pakistan is poised to receive a $1.1bn loan tranche from the International Monetary Fund (IMF) after a key meeting of the international lender’s executive board on Monday, even as economists have warned that the country needs deep reforms to reduce its dependence on overseas financial assistance. Late on Monday night, Pakistan’s Ministry of Finance […]

The Colombo International Tea Convention will be held from the 24th to the 26th July 2024, bringing together the biggest leaders and disruptors of the tea industry to inspire insightful conversation, hard hitting dialogue and fresh perspectives that will shape the future of Tea. The convention, freshly rebranded under the timely theme Tea: A Lifestyle […]

The Annual Economic Review and Financial Statements and Operations of the Central Bank for the Year 2023 points out that backtracking from the implemented and planned critical reforms will tip the economy to a state of instability. Thus, continuing with the broader political and social consensus on economic reforms will be critical to avoid recurring […]

Sri Lanka’s efforts to attract and leverage international investment into exploration and commercialisation of two blocks adding to over 5,000 square kilometers with potential oil and gas resources in the Mannar Basin have once again been gridlocked by legal challenges in the Court of Appeal. According to the latest developments in the CA (Writ) Application […]

It’s the day of the North-East proxy war all over again. Concrete proof that this is so comes in the form of the latest military aid package approved for Ukraine by the Biden administration running into $60 billion. So substantial is this injection of assistance that it has prompted Ukrainian President Volodymyr Zelenskyy to see […]

The stock market serves as a nexus where millions of buyers and sellers converge to engage in transactions. At its core, each transaction represents an agreement between a buyer and a seller, with the central element being the price. This price is not static; it fluctuates continuously, reflecting the equilibrium between supply and demand. The […]

By Norman Palihawadana Archbishop of Colombo Cardinal Malcolm Ranjith yesterday (21) said the leaders of all faiths had joined the Galle Face protest campaign, but the Catholics had been singled out for criticism. Declaring that the protest campaign had been fueled by the economic crisis, the Cardinal emphasised that justice was yet to be served […]

Terror attacks have surged in Pakistan in tandem with the resurgence of the Taliban in neighbouring Afghanistan, writes Dr. Sakariya Kareem Pakistan’s relationship with Afghanistan, a complex and turbulent one, is driven by its geopolitical ambitions and strategic concerns. Historically, Pakistan has pursued policies aimed at diminishing India’s influence in the region, often at the […]

ECONOMYNEXT –The government is expecting to conclude all the transactions related to divestiture of State-Owned Enterprises (SOE) by August this year under an ambitious reform process, the government-led State-Owned Enterprises Restructuring Unit (SOERU) said. However, the divestiture of loss-making Srilankan Airlines is likely to be concluded by September, it said. The SOERU has already called [&...

ECONOMYNEXT –The International Finance Corporation (IFC), the World Bank’s investment arm emphasized the importance of the private sector engagement in the recovery of the crisis-hit Sri Lanka’s economic growth. Riccardo Puliti, the IFC’s Vice President for Asia and the Pacific said this when he met State Finance Minister Shehan Semasinghe and the island nation’s Central […]

Having hit a roadblock with international bondholders, uncertainty looms over the economy of crisis-hit Sri Lanka and an upcoming review by the International Monetary Fund (IMF), experts warn.

President Ranil Wickremesinghe on Thursday (18) told youth political activists, affiliated to his party in Nuwara Eliya, that he was willing to convert the historical post office at Nuwara Eliya into a tourist hotel if that is what the people desire. The meeting took place at the President’s House in Nuwara Eliya. “We would like […]

Terrorism is frequently depicted as a calculated and extreme manifestation of violence driven by perceptions of injustice. However, the aftermath of terrorist incidents is often discussed without delving into the psychological and social factors that underpin such acts The onset of the Soviet-Afghan war in 1979 created an environment conducive to terrorism in the region. […]