Former Finance Minister Miftah Ismail while speaking at Habib University stated that Pakistan’s economy suffers from three fundamental problems, i.e. living beyond its own means, focusing on import substitution instead of export growth and granting ‘elite bargain’, under which essentially 99% of the population continues to work for the privileged ones. He also lamented the […]

General Zhang Youxia, who has combat experience but is well past the unofficial retirement age in China’s Communist Party, is set to become the first vice-chairman of the country’s top military decision-making body, the list of new Central Committee members indicates. While the 205 members of the committee were formally voted in by about 2,000 delegates […]

Security guards, defeated lawmakers among them By Saman indarajith Acting on complaints that some persons are unlawfully occupying many of the MPs’ quarters at Madiwela, Speaker Mahinda Yapa Abeywardena has ordered a special probe. He has called for a report urgently.It has been alleged that some of the MPs houses, numbering 120, are occupied by […]

Monday 31st October, 2022 Some dissident SLPP MPs have warned that the government will fail to secure the passage of the upcoming budget and collapse as a result if the latter seeks to bulldoze its way through without heeding the views of the Opposition and the interests of the public. The SLPP-UNP administration has only […]

The Island editorial on 26 Oct.2022 titled “Lucky criminals” was eye catching, as the Constitution of Sri Lanka itself permits the Executive to free criminals as he so wishes. The Executive will decide whom to be freed out the large number of convicts in prison. The exact legitimate purpose of this facility made available to […]

ANI:Paul Pelosi, the husband of US House Speaker Nancy Pelosi who a male assailant attacked on Friday morning, has undergone surgery for a skull fracture and other severe injuries to his right arm and hands, CNN reported citing a statement released by Speaker Nancy Pelosi.The US House Speaker also expressed gratitude and thanked people for […]

Sri Lanka’s worst post-war economic crisis represents a major blow to the country’s progress towards achieving the United Nations’ Sustainable Development Goals (SDGs), efforts that were already hobbled by the COVID pandemic. However, the situation is also providing impetus to the work of academics that are using their knowledge to tackle the immediate fallout from […]

Faithful urged to refrain from making Christmas a ‘mere occasion for external celebrations’ Catholic bishops have urged devotees to provide medicines and dry rations for the needy at a time when Sri Lankan is mired in crises.The Catholic Bishops’ Conference of Sri Lanka (CBCSL), in a statement released on Oct. 28, urged people to be […]

Beijing [China], October 24 (ANI): When Chinese President Xi Jinping presented the Party’s new central leadership at the Great Hall of the People in Beijing on Sunday, it paved the way for his top aides to get promoted in the Communist Party of China’s Politburo Standing Committee. Li Qiang, Zhao Leji, Wang Huning, Cai Qi, […]

BY Ruchir Sharma As he embarks on a third term, Xi Jinping’s goal is to make China a mid-level developed country in the next decade, which implies that the economy will need to expand at a rate of around 5 per cent. But underlying trends — bad demographics, heavy debt and declining productivity growth — […]

Journalists and politicians across Pakistan have condoled the death of senior Pakistani journalist Arshad Sharif who was reportedly shot dead in Kenya. Pakistan Federal Union of Journalists (PFUJ), Pakistan Broadcasters Association (PBA), Punjab Union of Journalists, and Karachi Union of Journalists expressed their condolences calling the incident a “loss for the journalist fraternity” of the [...

President Ranil Wickremesinghe has expressed his gratitude to India and its expat community for their assistance to Sri Lanka during the Covid-19 pandemic and the economic crisis.

ECONOMYNEXT –Three more Lankan athletes – this time, wrestlers attending the Under 23 World Wrestling Championship in Spain – have gone missing, sports officials said.Two members of the all-male six-member team had disappeared on October 22, followed by the third sportsman the next day, an official for Sri Lanka Wrestling Federation said, requesting anonymity. This […]

Former PM Imran Khan plans to lead a caravan of vehicles from Lahore to Islamabad with his supporters. (Al Jazeera)Pakistan’s former Prime Minister Imran Khan has gathered hundreds of supporters in the eastern city of Lahore to join a caravan of cars and trucks heading for the capital, Islamabad, in an attempt to pressure the […]

Catholics in Bahrain hail mainly from the Philippines, India and Sri Lanka. (UCAN) Pope Francis is set to make a four-day visit to Bahrain, a journey that will make him the first pope to visit the Arab kingdom just off the coast of Saudi Arabia in the Persian Gulf.The visit on Nov. 3-6 has two […]

The UN World Food Programme (WFP) has warned that the situation in Sri Lanka is likely to worsen.WFP said that the intensifying economic crisis in Sri Lanka continues to be a threat to its food security. “The situation is likely to worsen without continued assistance during the lean season from October 2022 to February 2023,” WFP said. […]