On 24 January this year, the Chinese Vice-Premier Li Guozhong made a brief transit halt in the Maldives. During the stopover, he met with the Foreign Minister Moosa Zameer. The Vice-Premier was on his way back after attending the Non-Aligned Summit and the third South Summit in Uganda from 19-24 January. This came after President […]

India’s interim budget focus on poor, youth, farmers and women will not only uplift more than 60 percent of the population in India but also have a spillover effect in South Asia. It sets an example for the developing countries to uplift the downtrodden, facilitate the youth, farmers and empower the women. Overall, it will […]

Monday 26th February, 2024 Sri Lanka is a nation in the hara-kiri mode. It needs no enemies; it has become its worst enemy. It continues to maintain a bunch of failed, corrupt politicians and their bureaucratic lackeys responsible for ruining the economy and hell-bent on degrading vital national

State Tourism Minister Diana Gamage says that Night Life Concept can boost the revenue of the tourism industry by 70 percent as nightlife plays a crucial role in catering to the needs of tourists, adding this applies not only to beach resorts but also urban centres like Colombo. Speaking at a press conference themed ‘Collective […]

by Rajan Philips Never mind what Anura Kumara Dissanayake wore in Delhi. Never mind what Ranil Wickremesinghe wears daily. What the people want is not the word salads of sartorial politics by Sunday pundits, but the proffering of substantive politics by contenders for political office. As the pre-election dust takes its own time to settle, […]

Leader of the United Republic Front Member of Parliament Patali Champika Ranawaka, presented the proposal titled “A United Step for the Country” to President Ranil Wickremesinghe , at ‘Srikota’, the United National Party headquarters in Colombo this morning (24). Speaking at the event President Ranil Wickremesinghe, highlighted the government’s concerted efforts over the past two […]

As Pakistan grapples with the aftermath of controversial elections, political chaos is threatening to cloud its $3bn deal with the International Monetary Fund (IMF), which analysts say is key to the country’s economic stability. On Thursday, the global lender said Pakistan’s interim government had “maintained” economic stability. The IMF’s communications chief, Julie Kozack, said the […]

Deputy Secretary of State of the United States of America Richard Verma visited Sri Lanka from last Thursday to yesterday, the Ministry of Foreign Affairs said in a press release. The visiting U.S. Deputy Secretary of State and delegation had extensive discussions with Foreign Minister Ali Sabry at the Ministry of Foreign Affairs on further […]

;From my experience, an election boosts an economy.” […]

By Rathindra Kuruwita Until Sri Lanka has access to international money markets, which will allow it to ensure there are no short-term dollar shortages, relaxing the restrictions on vehicle imports is out of the question, Professor in Economics at the Department of Economics at Colombo University, Dr. Priyanga Dunusinghe, said. Even then, relaxing vehicle imports […]

The United States Deputy Secretary of State for Management and Resources Richard Verma, who called on President Ranil Wickremesinghe expressed appreciation for the efforts taken by the Sri Lankan Government to turn the economy around. During the discussions, the President outlined the progress

The U.S. Deputy Secretary of State for Management and Resources, Richard Verma, who called on President Ranil Wickremesinghe on Friday (Feb.23), has expressed appreciation for the efforts taken by the Sri Lankan government to turn the economy around.

.. two cabinet ministers to address the gathering The New Alliance consisting of SLPP MPs backing President Ranil Wickremesinghe will hold its second public rally tomorrow (24) at Hyde Park Corner commencing at 2 pm. Two cabinet ministers, including the Education Minister who is also Leader of the House Susil Premjayantha will address the gathering. […]

State Minister for Tourism, Diana Gamage says nightlife plays a critical role in driving economic growth, citing it as a cornerstone of the night economy. She underscored that the night economy accounts for a substantial 70% of a country s revenue, illustrating its significant contribution

to boost the economy by generating revenue. She made this comment […]

China’s ability to exert influence on Pakistan’s economy has grown substantially in recent years, mainly due to the fact that Beijing is now Islamabad’s largest creditor. However Chinese citizens in Pakistan have faced a series of targeted attacks, causing concern for both China and Pakistan

Sri Lanka inflation, based on the National Consumer Price Index (NCPI), for January 2024 was recorded at 6.5%, as measured by the year-on-year change, the Department of Census and Statistics (DCS) revealed in its latest report published on Wednesday (Feb.21).

Sri Lanka s inflation is expected to return to the government s 5% target starting from the last two quarters of the year, a Central Bank of Sri Lanka (CBSL) official said on Wednesday, as the economy stabilises from a crippling financial crisis.

Profit before Tax increases by 258% amidst external challenges Pan Asia Banking Corporation PLC reflected a steady performance amidst multitude of adversities emerging from challenging macro-economic conditions as the Bank reported its financial performance during 2023, which showed judicious portfolio management and prudency exercised in dealing with possible fallout on its asset quality in chall...

In his policy statement during the inauguration of the 5th session of the 9th parliament, President Ranil Wickremesinghe insists that the solution to the economic crisis lies in economic and scientific measures, not political ones. However, he draws inspiration from Confucius and urges citizens to introspect and cleanse their hearts, which can be seen as […]