ECONOMYNEXT –The government is expecting to conclude all the transactions related to divestiture of State-Owned Enterprises (SOE) by August this year under an ambitious reform process, the government-led State-Owned Enterprises Restructuring Unit (SOERU) said. However, the divestiture of loss-making Srilankan Airlines is likely to be concluded by September, it said. The SOERU has already called [&...

ECONOMYNEXT –The International Finance Corporation (IFC), the World Bank’s investment arm emphasized the importance of the private sector engagement in the recovery of the crisis-hit Sri Lanka’s economic growth. Riccardo Puliti, the IFC’s Vice President for Asia and the Pacific said this when he met State Finance Minister Shehan Semasinghe and the island nation’s Central […]

By Rathindra Kuruwita  It is virtually impossible to remove Maithripala Sirisena as the head of the Sri Lanka Freedom Party (SLFP), given the party’s constitution, and the “illegal attempts” made a section of the politburo to remove Sirisena will only paralyze the party, former general secretary of the SLFP Dayasiri Jayasekera said. He also denied […]

by Rajan Philips As Sri Lankans took time off to mark the national New Year last week, Iran launched a spectacle of drone and missile attacks against Israel. This was the first direct attack by Iran on Israel after the Islamic Revolution in 1979. Until now Iran has been using proxies to harass Israel – […]