President Ranil Wickremesinghe stressed the need to expand the tourism industry beyond coastal areas to strengthen the country’s economy. He highlighted the significance of the South in driving tourism promotion within the country, particularly outlining plans to develop Galle into a major tourist

By Hiran H. Senewiratne The Sri Lankan economy has shown some consolidation in the last several months and its financial sector should be smart when making decisions to harness its potential in order to become a financial hub in the region, a top financial services professional said. “Sri

Sri Lanka: Repression of Civic Space Threatens Financial Reform The International Monetary Fund (IMF) should urge Sri Lanka’s government to abandon draft legislation that would severely curtail civil society and jeopardize the IMF’s programme in the country, Human Rights Watch said in a letter to the IMF that was released on Tuesday (12). The proposed […]

Thursday 14th March, 2024 President Ranil Wickremesinghe has embarked on an ambitious mission to have Artificial Intelligence (AI) taught in schools. This is something long overdue. The importance of preparing Sri Lankan students for future challenges and modernising the education system to align it with job market requirements, etc., cannot be overstated. However, before trying […]

President Ranil Wickremesinghe underscored the consequences of political promises made without a comprehensive understanding of the country s economy, highlighting the resulting hardships faced by the people.

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The groundbreaking ceremony for the Business Centre at the Colombo Port City took place yesterday morning with the participation of Prime Minister Dinesh Gunawardena and Chinese Ambassador Qi Zhenhong. The 120,000 sq.ft. Business Center will be completed by the third quarter of 2024 and will consist of many modern facilities. Addressing the gathering, Premier Gunawardena […]

State Minister of Agriculture Mohan Priyadarshana de Silva during a press briefing themed “Collective Path to a Stable Country” held at the President Media Centre today (12), highlighted the significant efforts being made by the Ministry of Agriculture to bolster the nation’s economy

The Cabinet of Ministers granted approval to the proposal submitted by the President in his office as the Minister of Finance, Economic Stabilization and National policies to impose import and export control (Standardization and Quality Control) regulations 2024 under the Import and Export Control Act No. 1 of 1969 by repealing the Import and Export […]

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 […]

Tuesday 12th March, 2024 Dirty, divisive politics does not spare anything in this country. Even religious institutions are divided along party lines, and some of them are at daggers drawn. Politics has torn many families asunder. Politicians are driven by expediency, and never do the government and the Opposition close ranks for the sake of […]

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

…  asks House to rectify fundamental blunder by Shamindra Ferdinando Lawmaker Gevindu Cumaratunga, on behalf of the Uththara Lanka Sabhagaya (ULS), has requested the Chairman of the Committee on Public Finance (CoPF) Dr. Harsha De Silva to propose fundamental change to the Central Bank of Sri Lanka Act (No 16 of 2023) by including Secretary to the Finance Ministry/Treasury […]

In recent years, Maldives has witnessed a creeping shadow of Chinese influence, casting doubt on the sovereignty and autonomy of this island nation. The recent signing of a defense cooperation agreement between China and the Maldives on 4th March serves as a stark reminder of the dangerous path the Maldives treads, as it inches closer […]