By Shamindra Ferdinando The Government Medical Officers’ Forum (GMOF) yesterday (13) pointed out that India couldn’t absolve itself of the responsibility for the alleged supply of low quality Indian medicines to Sri Lanka under the USD 1 bn credit line opened over a year ago. GMOF President Dr. Rukshan Bellana said so, referring to the […]

By Dr. C. S. Weeraratna (csweera@sltnet.lk) Poverty is a condition characterized by severe deprivation of basic human needs, such as food, shelter, safe drinking water, sanitation facilities, health, and education. Various criteria are used to measure poverty. The most commonly used is based on incomes. A person is considered poor if his or her income level […]

Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]

Both airlines have a serious shortage of pilots, he said.A large number […]

By Prabhat Patnaik After Sri Lanka and Pakistan, Bangladesh has become the third country in our neighbourhood to become afflicted by a serious economic crisis. It has asked for a $4.5 billion loan from the IMF, apart from $1 billion from the World Bank and $2.5-3 billion from multilateral agencies and donor nations. Though the […]

Beijing [China], June 10 (ANI): China’s local governments are finding it difficult to service debt raised via municipal and Local Government Financing Vehicles (LGFVs) bonds, as their fiscal position has become tight due to the slowing economic growth and fall in revenue receipts amid a downturn in the property market. According to S&P Global Ratings […]

The federal budget for Fiscal Year 2023-24, presented by Pakistan Finance Minister Ishaq Dar on Friday, came as a huge disappointment for homemakers as it offered no respite from surging household expenses, The News International reported. Reeling under an economic crisis of the kind seldom experienced in the country’s history, women in Pakistan are finding […]

by Y P Prakash China’s pandemic-battered economy has started firing. However, since several local governments are saddled with trillions of dollar worth of debt and unemployment rate among youth has jumped nearly four times the national level, there is fear President Xi Jinping’s aim to double income of Chinese nationals by 2035 will never materialise. […]

By Chani Imbulgoda “We suffer today, because leaders in the past have failed to govern this country properly”. Oh, the predecessor has not done things well, they all have let the place go haywire”. Familiar excuses… When one takes over the leadership be it the country, be it an organisation, or be it a new […]

Friday 2nd June, 2023 Long lines of vehicles suddenly appeared near filling stations yesterday, evoking dreadful memories of a dark era and causing public panic. Pumps had run dry at most fuel depots, and people had to wait for hours to obtain petrol and diesel. Minister of Power and Energy Kanchana Wijesekera hurriedly issued a […]

By Harischandra Gunaratna Chairman of the Institute of Hospitality, Dr. Harsha Jayasinghe on Tuesday said the brain drain in the country had not only led to a serious loss of talent but also hampered the industry’s ability to provide high-quality services and meet the demands of national and international visitors. Speaking at the 31st AGM […]

Prices for nonferrous metals like copper and zinc have slumped this month despite predictions of shortages just a few weeks ago, on concerns that the shortfalls could turn into surpluses if Chinese demand recovers more slowly than expected. Three-month zinc futures on the London Metals Exchange, an international benchmark, fell to $2,483 per tonne at one point […]

Islamabad [Pakistan], April 28 (ANI): Amid a rise in inflation and a shortage of foreign exchange reserves, people in Pakistan have started to face difficulties in performing Haj, Pakistan vernacular media reported. The Haj quota is now available for the first time in Pakistani history, but fewer

By Shamindra Ferdinando SLPP MP Prof. G. L. Peiris has found fault with the International Monetary Fund (IMF) for not paying sufficient attention to waste, corruption and economic mismanagement under the Rajapaksa-Wickremesinghe administration. The former External Affairs Minister emphasised the responsibility on the part of the lending agency to address these issues, particularly against the [...