by Jehan Perera The government’s plans for reviving the economy show signs of working out for the time being. The long-awaited IMF loan is about to be granted. This would enable the government to access other loans to tide over the current economic difficulties. The challenge will be to ensure that both the old loans […]

By SHIHAR ANEEZ Sri Lanka expects to present an anti-corruption bill to the parliament in coming days, Cabinet Spokesman said, as the island nation has been urged by the International Monetary Fund (IMF) to reduce corruption. The IMF has urged Sri Lanka to reduce corruption vulnerabilities through improving fiscal transparency and public financial management, introducing a […]

Veteran Nepali Congress leader Ram Chandra Paudel has been elected the Himalayan nation’s third president since a centuries-old monarchy was abolished in 2008. In the two-man race for the largely ceremonial position, the 78-year-old Paudel secured 33,802 votes. His rival, Subash Chandra Nembang, received 15,518 votes, Nepali media reported on Thursday. Paudel, a former speaker, […]

A new research brief published by Clean Clothes Campaign (CCC) reveals that workers in Sri Lanka have not been receiving the full Emergency Relief Allowances meant to alleviate their desperate situation in the wake of the current severe economic crisis in the country. The brief calls on major brands sourcing from Sri Lanka to take […]

By Y P Prakash Sri Lanka is a nation that has been plagued by political instability in recent years. The country has faced several political and economic crises, and there are concerns that it may plunge back into turmoil in early 2023. The postponement of the local government elections scheduled for early 2023 has raised […]

Aljazeera reported that yet another political crisis is brewing in Pakistan after President Arif Alvi bypassed the country’s election commission and unilaterally announced election dates for Punjab and Khyber Pakhtunkhwa provinces. In a letter to Sikandar Sultan Raja, Pakistan’s chief election

By Dr Laksiri Fernando One mistake we normally make in analysing the situation or crisis in Sri Lanka is to do it in isolation. Sri Lanka is unfortunately only a part of a world system. Although this situation is valid to almost all other countries, smaller or weaker a country, larger are the effects of […]

Peru s President Dina Boluarte has ruled out resigning, saying it would not solve the political crisis sparked by the ousting of her predecessor, Pedro Castillo.

Around 10,000 IT professionals had left the country, Damith Hettihewa, President of Computer Society of Sri Lanka (CSSL) tolf the media yesterday.Hettihewa said that they were leaving due to the current economic and political crisis. “There is a high demand for IT professionals

By Zahid Hussain IMRAN Khan’s latest change of tack has caught his opponents by surprise. For months, the federal government had braced itself for a siege, and was reinforcing security around the capital. But the PTI’s decision to call off the march and dissolve the Punjab and Khyber Pakhtunkhwa assemblies has changed the entire scenario.It […]

period to stabilise the economy and political crisis. “He […]

2022 has seen the most dramatic uprising of people against the government’s tyrannical rule since independence. Amidst a devastating economic crisis, the people raised their voices against corruption, misrule and economic mismanagement, demanding greater democracy. Instead of heeding the people’s call for change in the political culture and economic accountability, the government has responded wit...

By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]

Bankrupt Sri Lanka is caught up in a China-US battle. The situation has been further complicated by India, Japan and Australia becoming part of the US-led military alliance meant to counter China. The US-led grouping is hell-bent on enhancing its influence in Colombo as both parties woo lawmakers. Recent declaration by the ruling party that […]

The former PM also said that the shooting will not deter him from continuing a protest march towards the capital (Al Jazeera) Former Pakistan Prime Minister Imran Khan has accused his successor of involvement in a plot to kill him as he recovered in hospital from gunshot wounds following an assassination attempt.Khan told reporters on Friday […]