A Foreign Ministry delegation is currently in New Zealand to discuss the opening of a new diplomatic mission there.A spokesperson for the Foreign Ministry said that an official delegation, led by Director General, Overseas Assets Management and Development Division of the Ministry, Pradeepa Saram, was there to discuss matters related to the opening of the […]

As a collective body of exporters, we have been at the forefront of sustaining employment and ensuring a steady flow of foreign exchange, even amidst the most severe economic downturns faced by our nation. Our membership covers the majority of merchandise exports, which account for some 13% of Sri Lanka’s GDP. Today, we stand united […]

Thursday 18th April, 2024 Tourist arrivals are on the increase, according to the Sri Lanka Tourism Development Authority. Prestigious international travel guides are very generously promoting Sri Lanka as a must-visit tourist destination. Lonely Planet says ‘endless beaches, timeless ruins, welcoming people, oodles of elephants, rolling surf, cheap prices, fun trains, famous tea and flavourful [&#...

Sri Lanka’s foreign reserves had exceeded the five billion US dollar mark, State Minister of Finance, Ranjith Siyambalapitiya told journalists in Colombo yesterday (15). Siyambalapitiya said that in the recent past the Central Bank had bought large quantities of dollars from the domestic market as well. Siyambalapitiya also mentioned that Sri Lanka, in 2022, limited the imports […]

Friday 5th April, 2024 There has been a steep rise in crop depredation by wild animals in Sri Lanka, and farmers are crying out for a solution. A group of cultivators took to the streets in Menikhinna, Kandy, on Wednesday, calling upon the government to help keep crop raiders at bay. They said the ever-increasing […]

By Saman Indrajith Around 75,000 Sri Lankans have left for overseas jobs during the first three months of 2024, the Sri Lanka Bureau of Foreign Employment (SLBFE) says.SLBFE said yesterday (04) that 74,499 Sri Lankan workers had left for foreign employment, and 46 percent of them were women. There has been a slight drop in […]

Money, exchange rates, and money printing are crucial components of a nation’s monetary policy framework, wielding significant influence over economic and financial stability. This intricate relationship between these fundamental factors directly affects financial and economic dynamics. I am going to examine the nexus between these factors, clarifying their roles in the financial system and ...

By Shamindra Ferdinando Against the backdrop of Speaker Mahinda Yapa Abeywardena’s quite belated (but better late than never) public confirmation of external interventions in Aragalaya, that led to the overthrow of President Gotabaya Rajapaksa’s government in mid-July 2022, former cashiered Flying Officer Keerthi Ratnayake, with a never-say-die attitude even when odds are overwhelmingly stacked ag...

There has been a delay in finalising the unit cost for the proposed 500 Mw wind power project initiated by India’s Adani Group. This is surprising and disturbing as there was a news item that the Cabinet had approved the payment of US dollar cents 14.6 per unit, nearly Rs. 50 in our local currency, […]

By Ifham Nizam The recently-reopened Udawalawe Information Centre, now known as the Elephant Knowledge Walk at the Elephant Transit Home (ETH) in UdaWalawe, stands as a treasure trove for enthusiasts keen on studying paleontology and all things related to elephants. Since 1995, the Elephant Transit Home in UdaWalawe has been dedicated to rehabilitating and releasing […]

Jammu and Kashmir is experiencing a period of high growth, driven by proactive government policies, strategic investments, and concerted efforts aimed at unlocking the region’s immense potential. • Jammu and Kashmir contributes approximately 0.8 percent to India’s GDP, in alignment with its population share of 0.9 percent and its FDI and exports are expanding, with […]

Jammu and Kashmir is experiencing a period of high growth, driven by proactive government policies, strategic investments, and concerted efforts aimed at unlocking the region’s immense potential. • Jammu and Kashmir contributes approximately 0.8 percent to India’s GDP, in alignment with its population share of 0.9 percent and its FDI and exports are expanding, with […]

President Ranil Wickremesinghe participating in a friendly discussion organized by the ‘United Youth Union’ on the theme ‘Future of our Youth’ in Polonnaruwa on Saturday (23), stressed the necessity of a new economic reform program for the country’s economic recovery. He requested for collective support from all citizens to prevent the next generation from inheriting […]

In the sun-kissed paradise of the Maldives, where azure waters meet golden shores, a cloud of uncertainty looms over the political landscape. President Mohamed Muizzu, once hailed as a beacon of hope for the nation’s future, now finds himself navigating treacherous waters, buffeted by the winds of discontent and economic strain. The recent opening session […]

The Mannar Wind Energy Controversy Ifham Nizam of The Island interviews Conservationist Dr. Rohan Pethiyagoda  The government must have an open and transparent bidding process, says foremost Biodiversity Expert cum Electrical Engineer Dr. Rohan Pethiyagoda.Speaking to The Island about the proposed wind power project in Mannar by Adani Wind Energy (Sri Lanka) Limited, he stressed: […]

By Rathindra Kuruwita Sri Lankan environmental groups are intensifying their campaign against the proposed Adani wind farm in Mannar. They have accused the Sri Lankan political parties of having ignored the the disastrous environmental, social and economic implications of the Adani wind farm to be established in Mannar. Prominent among the senior environmentalists and scientists […]