52nd Death Anniversary of Philip Gunawardena falls today by Dr. W. A. Abeysinghe The legendary revolutionary and pioneer of the Sri Lankan Marxist movement, Don Philip Rupasinghe Gunawardena, was born on 11 January 1901 in the rural village of Boralugoda in the Hevagam Korale. His father was Don Jakolis Rupasinghe Gunawardena, popularly known as Boralugoda […]

The Japanese Ambassador to Sri Lanka  MIZUKOSHI Hideaki, expressed Japan’s support for the current program aimed at rebuilding the Sri Lankan economy. Drawing parallels between Japan’s historical journey and Sri Lanka’s current economic challenges, the Ambassador highlighted Japan’s resilience and economic resurgence as a model for Sri Lanka. These remarks were made during his keynote […]

The National Bureau of Statistics of the Communist Party of China recently released a series of economic data however there is still no data on the youth unemployment rate which is said to be intentional due to the current situation. Currently unemployment among Chinese youth is widespread to maintain stability and avoid risks from domestic […]

Peter Breuer, Chief of IMF Mission to Sri Lanka has claimed that the Sri Lankan economy is showing signs of progress. The monetary and fiscal measures like tax increases and particularly the debt moratorium may have resulted in giving some breathing space for the country to recover from the period of extreme hardship caused by […]

China’s manufacturing activity declined for the fifth consecutive month in February, with the fall attributed to disruptions surrounding the Lunar New Year holiday, but analysts anticipate a moderate pickup in the months ahead despite structural frailties still looming large. The official manufacturing purchasing managers’ index (PMI) fell to 49.1 in February from 49.2 a month […]

President Ranil Wickremesinghe told the Indian Ocean Security Conference in Colombo that the sanctions imposed on Russia over the war in Ukraine had not caused the collapse of the Russian economy, which had just shifted eastwards. The following is the text of the statement issued at the conference (Phase II) organised by the Pathfinder Foundation: […]