China sought to forge closer economic and security ties with its Central Asian neighbours on Friday as the US and its allies met next door to build a common strategy to curb Beijing’s challenge to the Washington-led world order. Chinese President Xi Jinping rolled out the red carpet for his counterparts from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan in […]

CPC, CEB need to recover costs until end of Fund’s loan package By Rathindra Kuruwita The Ceylon Petroleum Corporation (CPC) and Ceylon Electricity Board (CEB) had to recover costs until the end of the IMF programme, Sarwat Jahan, IMF Resident Representative in Sri Lanka, told a press conference in Colombo yesterday. The IMF also wanted the […]

India, in the last nine years, has been making big strides following Buddha teachings, said Prime Minister Narendra Modi on Thursday. Speaking at Global Buddhist Summit 2023 in New Delhi, Modi said that India has followed Buddha’s teachings including the path of Theory, Practice and Realisation. India has progressed rapidly on all these three points. […]

IMF chief Kristalina Georgieva did not mince her words about emerging and heightening crisis tendencies in the global economy. She said, among other things recently, that the IMF’s projection of 2.8 percent global growth for 2023 “is not enough to bring opportunities to businesses and people

While the days of good news are going on for India, the latest good news is that our country’s currency, the rupee, is gradually making its place and influence among countries of the world. Seeing the increasing role of India in international trade, the countries of the world are coming forward to do financial transactions […]

‘Finland has made a dangerous historical mistake.’ So said Russia in reaction to Finland formally joining the North Atlantic Treaty Organization on April 4. The ominous pronouncement could have the effect of renewing fears among the publics of the world of another Europe-wide war. The hope of peace-loving peoples is likely to be that Russia […]

order. The Ukraine crisis and coordination between India’s G20 presidency and Japan’s G7 presidency we...

As should be expected, the arrest warrant issued by the International Criminal Court (ICC) on Russian President Vladimir Putin on war crimes allegations has given rise to a widespread debate on how effective it would be as an instrument of justice. What compounds the issue is the fact that Russia is not obliged to cooperate […]

India and Bangladesh on Saturday inaugurated a cross-border pipeline that will have the capacity to supply one million metric tonnes of diesel a year from Assam’s Numaligarh refinery to the northern parts of the neighbouring country. The India-Bangladesh Friendship Pipeline (IBFP), inaugurated during a virtual ceremony by Prime Minister Narendra Modi and his counterpart Sheikh […]

Aljazeera reported that Chinese President Xi Jinping has arrived in Moscow for a state visit in a show of support for an increasingly isolated Russia Xi and Russia’s Vladimir Putin published separate articles on Monday; Xi said China’s proposal to end the Ukraine crisis reflects global views

The Ukraine crisis appears to be strengthening the cooperation between the US and its partners in the Asia Pacific more than ever, amid fears that China is inching closer toward forcefully reuniting Taiwan with the mainland. In the recent few months, Japan has decided to double its defense spending

India had helped Sri Lanka more than any other country, especially, Sri Lanka’s Foreign Minister Ali Sabry said during Raisina Dialogue ‘Ideas Pod.’ While the Indian government took some bold decisions to help Sri Lanka face its economic crisis, even the Indian public came forward to support Sri

CIA Chief’s cloak-and-dagger visit: By Shamindra Ferdinando Pivuthuru Hela Urumaya (PHU) leader, Udaya Gammanpila, MP, yesterday (06) said that the Wickremesinghe-Rajapaksa government and the US embassy in Colombo should come clean on CIA Director William Joseph Burns’ Colombo visit. The former Power and Energy Minister said so in response to The Island query whether the […]

Washington, DC – There are no takers for China quoting the scriptures on global peace in the context of the Russia-Ukraine conflict, with the United States even warning the Asian giant of the consequences should it interfere in the conflict on the side of Russia. The visit of US President Joe Biden to Ukraine in […]