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, […]

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 […]

The United States Deputy Secretary of State for Management and Resources Richard Verma, who called on President Ranil Wickremesinghe expressed appreciation for the efforts taken by the Sri Lankan Government to turn the economy around. During the discussions, the President outlined the progress

The U.S. Deputy Secretary of State for Management and Resources, Richard Verma, who called on President Ranil Wickremesinghe on Friday (Feb.23), has expressed appreciation for the efforts taken by the Sri Lankan government to turn the economy around.

State Minister for Tourism, Diana Gamage says nightlife plays a critical role in driving economic growth, citing it as a cornerstone of the night economy. She underscored that the night economy accounts for a substantial 70% of a country s revenue, illustrating its significant contribution

to boost the economy by generating revenue. She made this comment […]

Sri Lanka inflation, based on the National Consumer Price Index (NCPI), for January 2024 was recorded at 6.5%, as measured by the year-on-year change, the Department of Census and Statistics (DCS) revealed in its latest report published on Wednesday (Feb.21).

Sri Lanka s inflation is expected to return to the government s 5% target starting from the last two quarters of the year, a Central Bank of Sri Lanka (CBSL) official said on Wednesday, as the economy stabilises from a crippling financial crisis.

Profit before Tax increases by 258% amidst external challenges Pan Asia Banking Corporation PLC reflected a steady performance amidst multitude of adversities emerging from challenging macro-economic conditions as the Bank reported its financial performance during 2023, which showed judicious portfolio management and prudency exercised in dealing with possible fallout on its asset quality in chall...

In his policy statement during the inauguration of the 5th session of the 9th parliament, President Ranil Wickremesinghe insists that the solution to the economic crisis lies in economic and scientific measures, not political ones. However, he draws inspiration from Confucius and urges citizens to introspect and cleanse their hearts, which can be seen as […]

Google.org, Google’s philanthropic arm, is providing $15M to The Asia Foundation to launch the APAC Cybersecurity Fund in partnership with CyberPeace Institute and Global Cyber Alliance to bolster cyber capabilities of 300,000 underserved micro and small businesses, nonprofits, and social enterprises. Working with implementing organizations and universities across the region, The Asia Foundation a...

The Maldives is a strategically important nation in the Indian Ocean, now facing a high risk of debt distress due to its increasing proximity to China. The IMF has warned the Maldives that it needs to make urgent policy changes to avoid falling into debt. The Maldivian economy, which is heavily

I became the first person to officially transact using UPI in Sri Lanka on February 12th 2024. In the presence of three heads of states/ governments. Leaders of India, Sri Lanka and Mauritius watched the transaction and celebrated its success with applause. So what is UPI ? How does it benefit indian consumers, merchants and […]

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by Rajan Philips 2024 is election year practically everywhere. In South Asia, it is two down and two to go. Bangladesh went first in January, and the governing Awami League won the election as predicted, with the main opposition Bangladesh National Party boycotting the election and the government fielding independent candidates to avoid the embarrassment […]