JVP/NPP leader Anura Kumara Dissanayake, who is currently visiting Sweden, says Sri Lanka’s crisis has arisen from the prevailing political culture, which needs a radical shake-up. Addressing a group of Sri Lankan expatriates at Stockholm on Saturday, Dissanayake said it was only through political

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 […]

At least 155 people have died in floods and landslides in Tanzania following heavy rains caused by El Niño, the prime minister has said. Kassim Majaliwa warned that the rains might continue into May, and urged families to leave flood-prone areas. About 200,000 people and more than 51,000 households were already affected by the disaster, […]

Spanish Prime Minister Pedro Sánchez has suspended public duties to “stop and reflect” on whether to remain in the job, after a court opened a preliminary inquiry into his wife. In a statement, the Spanish leader said he urgently needed to decide “whether I should continue to lead the government or renounce this honour”. The […]

As the Maldives braces itself for the crucial parliamentary election on April 21, 2024, the political landscape is marred by allegations of corruption, cronyism, and abuse of power, particularly within the Progressive National Congress (PNC) led by President Mohamed Muizzu. The unfolding scenario casts a dark shadow over the nation’s democratic fabric as citizens grapple […]

By Rathindra Kuruwita The ongoing battle for control of the SLFP took an unexpected turn, on Sunday (21), with the Executive Committee of the party appointing Justice Minister Dr. Wijeyadasa Rajapakshe as the Acting Chairman of the party. Dr. Rajapakshe contested the last general election on the SLPP ticket.The SLFP Executive Committee was convened by […]

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

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

by Rajan Philips As Sri Lankans took time off to mark the national New Year last week, Iran launched a spectacle of drone and missile attacks against Israel. This was the first direct attack by Iran on Israel after the Islamic Revolution in 1979. Until now Iran has been using proxies to harass Israel – […]

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.

China has written off an unspecified amount of Zimbabwe s interest-free loans and pledged to help the Southern African country find a way out of its debt crisis, even as activists warned of a permanent debt trap.

The Election Commission (EC) has decided it has no legal mandate to resolve the internal crisis of the Sri Lanka Freedom Party. The Commission members met on Thursday (18) to decide on the claims and counter-claims made by the two factions of the SLFP about the recent appointments made by a section