A meeting between the Permanent Resident Representative of the United Nations in Colombo Marc-Andre Franch, and the National People’s Power leader Comrade Anura Kumara Dissanayake, took place Tuesday (29) morning at the JVP head office. Edward Rees, Development Adviser and Resident Coordinator of the United Nations Sri Lanka Office, and Comrade Bimal Ratnayake, National Executive […]

Thursday 31st August, 2023 Neither the government nor the Opposition seems keen to knuckle down and help rebuild the economy. Both of them are wallowing in divisive politics and devising ways and means of shoring up their stock. This, they are doing while feigning willingness to cooperate for the sake of the public. They have […]

By Shamindra Ferdinando Justice Minister Dr. Wijeyadasa Rajapakse, PC, declared in Parliament that the winners of LPL (Lanka Premier League) 2023 B-Love Kandy had been sponsored by an enterprise that was banned in the country. The statement was made in Parliament on 24th August. The one-time President of the Bar Association found fault with SLC […]

Beijing [China], August 19 (ANI): Raising concerns regarding the financial crisis triggered by the downturn in China’s real estate market, Chinese investment firm Zhongrong Trust , which managed USD 87 billion worth of funds for corporate clients and wealthy individuals as of the end of 2022

by Laura He China has long been the engine of global growth. But in recent weeks, its economic slowdown has alarmed international leaders and investors who are no longer counting on it to be a bulwark against weakness elsewhere. In fact, for the first time in decades, the world’s second economy is itself the problem. Hong Kong’s Hang […]

Stating that multiple challenges confront the G20 grouping, External Affairs Minister S Jaishankar said that India adopted an unconventional approach to its Presidency, making it much more connected with people. A major highlight of the second day of the Think20 (T20) Summit in Mysuru on Tuesday was a virtual address by Jaishankar, followed by a […]

ECONOMYNEXT –Sri Lanka’s state-run Ceylon Electricity Board is looking for cheaper private power to plug near term gaps in supply and to offset high-cost power at the margin of costly generators owned by the utility, Energy Minister Kanchana Wijesekera said. The CEB has advertised for firm energy above 50 Mega Watts that can dispatched at […]

Academic staff quitting universities in droves University Grants Commission Chairman Prof Sampath Amaratunga told parliamentary watchdog committee – COPE (Committee on Public Enterprises) that although there should be 12,992 university lecturers, currently there are only 6,548. Attending a probe on the University of Sri Jayewardenepura by COPE last Thursday, Amaratunga said that there was a [̷...

This week, Canadian Housing Minister Sean Fraser floated the idea of capping how many students Canada lets in from abroad as a way to help tackle the country s inflated housing costs.

By J. Edward Moreno Tremors in China’s real estate market are shaking the country’s economy, as well as the world, which has come to rely on China as a reliable engine of growth. Major developers are faltering as they face huge losses, struggle with mountains of debt and miss payments to lenders. A long-running building boom […]

By Shamindra Ferdinando SJB MP Rohini Kaviratne has alleged that a key figure in the Agriculture Ministry and about ten businessmen have benefited from the lowering of import duty on maize. The Matale District MP said so in Parliament on Wednesday (23) responding to State Finance Minister Ranjith Siyambalapitiya’s recent announcement that import duty on […]

By Saman Indrajith The Cricekt Borad crisis cannot be sorted out without changing the method of electing office-bearers, says Chief Opposition Whip SJB MP Lakshman Kiriella told parliament yesterday. Participating in an adjournment debate on an Auditor General’s Department report on SLC officials

Herath asks whether govt. wants to pave the way for new player By Shamindra Ferdinando The Cabinet-approved national energy policy related to the development of natural gas infrastructure has been suspended by the government following representations made by Power and Energy Minister Kanchana Wijesekera. Dissident SLPP MP Prof. Charitha Herath on Tuesday (22) said that […]

India s External Affairs Minister S Jaishankar on Wednesday pledged continued development assistance in every possible area to Sri Lanka amid its ongoing economic crisis.