[An article based on the Keynote Address delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, recently at the Annual Research Symposium 2023 of the University of Colombo] Introduction Inflation affects every aspect of our lives; it is a force that shapes our purchasing power, influences our financial decisions, and […]

By Uditha Devapriya On Tuesday, December 12, the UN General Assembly passed a resolution demanding a humanitarian ceasefire in Gaza. The United States was one of 10 countries to oppose, the others including Guatemala, Nauru, and Paraguay, and of course Israel. New Zealand, Canada, and Australia were among the 153 countries to vote in favour, […]

Russian President Vladimir Putin has said he will stand again for a fifth term in office. He announced it at an awards ceremony for participants of the full-scale war he launched against Ukraine in 2022. It comes a day after election officials set 15-17 March 2024 as dates for the presidential

Meta has removed nearly 4,800 fake accounts that were part of a China-based influence campaign aimed at spreading polarising content about United States politics ahead of the 2024 presidential election, the tech giant has announced. The influence operation was one of two China-based campaigns detected by Meta, which owns Facebook and Instagram, in the third […]

US President Joe Biden and Chinese President Xi Jinping have concluded more than four hours of talks with a commitment to stabilise strained bilateral ties and restore some military-to-military communications. The two leaders met on Wednesday for the first time in a year at Fioli Estate, a country retreat about 40 kilometres (25 miles) south […]

Poland elects a new parliament this weekend after a bitterly fought campaign that has seen each side paint the other аs a dire, national threat. The governing, right-wing Law and Justice party, or PiS, is battling to secure a record third term in office. It says the opposition would weaken Poland with mass migration and […]

Monday 2nd October, 2023 There are no signs of an early détente between India and Canada. The two countries continue to trade allegations. Other nations are divided along the lines of strategic alliances rather than anything else. Interestingly, the US government is seen to be tilting towards Canada. What the ongoing diplomatic row of epic […]

Thuesday 22nd August, 2023 No sooner had the Indian government announced its decision to impose a 40% tax on onion exports to overcome a shortfall in the domestic supply than Sri Lankan traders jacked up onion prices exponentially. They would not have reacted so swiftly to a drop in onion prices in the international market. […]

During the question-and-answer session, Dr. Dushni Weerakoon questioned the sustainability of Sri Lanka’s non-aligned foreign policy, as it weakened the country’s position in trade negotiations. The expert assertion was certainly not restricted to trade negotiations. Having signed ACSA (Access and Cross Servicing-Agreement) with the US, in August 2017, it would be ridiculous to still talk […...

The developing Indo-Lanka relations, particularly the process since early 2022 should be examined taking into consideration the significant role played by Sri Lanka’s High Commissioner in New Delhi Milinda Moragoda, who received the Cabinet rank. At the time President Gotabaya Rajapaksa sent the former UNP Minister, one -time close associate of UNP leader Ranil Wickremesinghe, […]

Japan has sought Sri Lanka’s backing for its Free and Open Indo-Pacific (FOIP) strategy. Japanese Foreign Minister Hayashi Yoshimasa has taken up this issue with his Sri Lankan counterpart Ali Sabry, PC, when they met on 29th July. According to a statement issued by the Japanese Embassy, in Colombo, Minister Yoshimasa has also briefed Minister Sabry regarding […]

Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]

by Rajan Philips Last week saw a spate of summits underscoring the global economic and geopolitical headwinds that governments and countries have to cope with and navigate through. First, there was the visit to China by the US Secretary of State Antony Blinken. This was followed by a state visit to Washington by India’s Prime […]