Inspector Nishantha Silva, who investigated disappearances blamed on the Navy, fled the country in late Nov. 2019. The CID officer secured political asylum in Switzerland with the blessings of the Switzerland embassy in Colombo. The failed bid by Swiss embassy employee, Garnier Francis (ex- Siriyalatha Perera) to leave for Switzerland after implicating security authorities with […]

By Shamindra Ferdinando National Freedom Front (NFF) leader Wimal Weerawansa on Tuesday alleged that having failed to thwart Ranil Wickremesinghe’s ascent to presidency, the US was now working with the UNP leader to achieve its objectives. MP Weerawansa, the Chairman of the Uththara Lanka Sabhagaya said that President Wickremesinghe already consented to three of the […]

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

By Saman Gunatilake MBBS, MD, FRCP, FCCP, Hon FRACP Emeritus Professor of Medicine, University of Sri Jayewardenepura Consultant Neurologist One of the most quoted phrases of Karl Marx, the German philosopher and political theorist, popularly known as the ‘Father of Communism’, is “History repeats itself, first as a tragedy, second as a farce”. This quote […]

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 […]

By Neville Ladduwahetty During his address to the “Economic Dialogue – IMF and Beyond”, the President “declared that Sri Lanka is at a crossroad and it was the nation’s last chance to forge ahead or fail (Daily FT, 31, 2023). Now that Sri Lanka has committed itself to the terms and conditions stipulated by the […]

An open letter to President Ranil Wickremesinghe Recent articles in the local press have publicised the government plans for introduction of nuclear power plants to Sri Lanka with Russian support. A similar decision was taken way back in 2010, by the then President to bring nuclear power plants to Sri Lanka from South Korea. At […]

Sri Lanka in the throes of the worst economic crisis since Independence has resorted to some desperate action; it has for the first time in its history declared bankruptcy, suspended debt repayment, secured an IMF bailout for the 17th time, and agreed to extremely stringent loan conditions, which have already caused social unrest with people […]

Calling India a rising power and a powerful economy, Iranian Envoy to India Iraj Elahi said that India is strong enough to resist the pressure of the West as it resisted the pressure of buying oil from Russia. The Envoy also hoped that India would start importing oil from Iran adding

BBC reported that the International Monetary Fund (IMF) says it has reached an agreement with Ukraine on funding worth $15.6bn (£12.8bn). The organisation’s first loan to a country at war is expected to be approved in the coming weeks. It would also be one of the largest financing packages Ukraine has received since Russia’s invasion. […]

problems in international security and the global economy […]

BBC reported that finance ministers of the world’s largest economies have failed to agree on a closing statement following a summit in India, after China refused to condemn Russia’s invasion of Ukraine. Beijing declined to accept parts of a G20 statement that deplored Russia’s aggression “in the strongest terms”. Moscow said “anti-Russian” Western countrie...

Sri Lanka needs to get back to growing its economy. It needs a new push towards development, one that harnesses good ideas and creates wealth for all its citizens. The name of the game is wealth creation – for all. Then governments will have something to tax! But somehow, little Sri Lanka hasn’t