President Ranil Wickremesinghe has stated that the country s economy cannot afford the release of funds on an ad hoc basis, owing to its ongoing economic crisis.

The Prime Minister s Office has categorically rejected recent claims that Premier Dinesh Gunawardena is preparing to resign from his post owing to pressures from certain political parties.

The International Monetary Fund (IMF) on Saturday called for timely and orderly processes under common framework with regards to Sri Lanka s debt resolution. The island nation faced severe economic crisis which resulted in high debt.

Addressing at the inauguration ceremony of the 6th annual academic sessions of the Sri Lanka College of Military Medicine (SLCOMM) under the theme of ‘Resilience of Military Medicine In the Times of Crisis’ held at the Eagles Lagoon in Katunayake on Friday (24) evening, President Ranil Wickremesinghe said that  a separate unit would be established […]

By NAMAL SUVENDRA ECONOMYNEXT –The unprecedented economic crisis in Sri Lanka may have its genesis at Royal College Colombo which has produced an impressive list of politicians contributing to the country’s steady decline. President Ranil Wickremesinghe addressing students at his alma mater this week made an unintended confession that old boys of Royal College were […]

Sri Lanka is among six countries due to be reviewed in the upcoming session of the United Nations Human Rights Committee on the International Covenant on Civil and Political Rights (ICCPR). The 137th session will begin tomorrow (Feb. 27) and continue till March 24 will review the State reports of Sri Lanka, Peru, Panama, Egypt, […]

Demands local elections be held The Church of Ceylon on Friday said that they are deeply concerned with the deteriorating situation in the country with regard to governance and the erosion of public confidence in the democratic process. “We are all aware that the country was rendered bankrupt due to policy blunders, corruption, waste and […]

Beijing [China], February 20 (ANI): Chinese people continued to face difficulty as the economy of the country is falling, ramping up the risk of social unrest in the nation, Global Strat View reported citing the World Economic Forum’s (WEF) economic outlook. China’s economy is slow and it no longer satisfies the aspirations of upward mobility. […]

Islamabad , February 20 (ANI): The experience of Chinese companies working on the ground in Pakistan has been far from pleasant. Most of the early China – Pakistan Economic Corridor investments were in the power sector. The investments, however, created sizeable liabilities on the future cash flows of these projects, Indo Pacific Centre for Strategic […]

A joint Food Security Assessment (CFSAM) by the Government of Sri Lanka, the Food and Agriculture Organization of the UN, and WFP, will be conducted in early March, targeting 15,000 households, from 25 districts, WFP said. It said markets reported concerns around price volatility in December. However, markets remain functional and currently have a wide […]

China Daily: Sri Lanka is set to receive its first group of post-pandemic Chinese tourists after becoming one of the first 20 countries to resume the organization of outbound group tourists from China since COVID-19. Their flight will depart from the Shanghai Pudong International Airport on March 3. “We are expecting Chinese tourists to come […]

The Church of Ceylon has said it is deeply concerned with the deteriorating situation in the country with regard to governance and the erosion of public confidence in the democratic process. The Church of Ceylong has, in a media statement, said: “We are all aware that the country was rendered bankrupt due to policy blunders, […]

World Food Programme (WFP), in its Country Brief for January 2023, notes that food insecurity remains at concerning levels in the face of Sri Lanka s economic crisis.

BBC reported that the UN General Assembly in New York has overwhelmingly backed a resolution condemning Russia’s invasion of Ukraine nearly a year ago. It called for the withdrawal of troops from Ukraine and a halt to fighting. The motion was backed by 141 nations with 32 abstaining and seven – including Russia – voting […]

Aljazeera reports that there is a severe shortage of greenbacks in Bangladesh due to its dwindling foreign reserves and a sharp drop in the value of its taka currency against the dollar. In the past six months, Bangladesh’s foreign reserves have dropped below $32bn from $39bn while the value of the taka has fallen by […]