In a recent research study involving 25 leaders and executives from PR agencies in Sri Lanka, it was found that over 90% of participants believe that Artificial Intelligence (AI) is already present in the country’s communications industry. Moreover, nearly two-thirds of the respondents stated that AI is poised to have a significant impact on the […]

In response to a severe debt crisis, the Sri Lankan government is taking prompt action to address the situation. One of the key measures being taken is the expediting of Free Trade Agreement (FTA) negotiations with China. Alongside this, Sri Lanka has expressed a strong interest in joining

Sri Lanka has notified the Indian rupee as a designated currency, Indian External Affairs Ministry Spokesperson Arindam Bagchi said on Thursday (July 20). “In terms of trading in our national currencies, Sri Lanka has already notified India Rupee as designated foreign currency in their system,” Bachi said during a weekly media interaction in New Delhi. […]

During his inaugural visit to India after assuming office, President Ranil Wickremesinghe commended the neighbouring nation s unwavering support and solidarity during Sri Lanka s recent economic crisis.

Prof. Aminda Methsila Perera, Head of the Department of Accountancy at Wayamaba University, has raised concerns about another possible economic crisis facing Sri Lanka in September this year.

Friday 21st July, 2023 Minister of Wildlife and Forest Resources Conservation Pavithra Wanniarachchi finds herself in an unenviable position. The two sectors under her purview are perennially in crisis, and sorting them out is a Sisyphean task, which no minister has been equal to all these decades

by Y P Prakash The Sri Lankan government, led by Power & Energy Minister Kanchana Wijesekara, has placed significant emphasis on regional energy integration and grid connectivity between Sri Lanka and India. The target for implementing this initiative is 2030. Discussions regarding regional energy integration have been ongoing for more than two decades, and the […]

Sri Lanka has received foreign grants amounting to EUR 9.8 mn meant to improve transparency and accountability in public finance expenditure. The EU disclosed the grant in a statement issued yesterday. According to the statement, the government, the World Bank, the European Union (EU) and Agence Française de Développement (AFD) have signed financing agreements to […]

PCs better in managerial efficiency and financial discipline than ministries By Shamindra Ferdinando President Ranil Wickremesinhe has found fault with Parliament for the developing financial crisis. He has asserted that one of the major reasons for the crisis was the failure

Minister of Labour and Foreign Employment, Manusha Nanayakkara, and President’s Secretary, Saman Ekanayake at a meeting held at the Presidential secretariat decided to appoint an action committee comprising key secretaries from various ministries, including Education, Finance, Tourism, Fisheries, Transport, Plantation and Industry to swiftly implement strategies aimed at re-employing individuals i...

World Bank Country Director for Maldives, Nepal and Sri Lanka Faris Hadad-Zervos has commended Sri Lanka s efforts thus far with regards to finding solutions for the island s economic crisis.

Sri Lanka born international economist Dr. Howard Nicholas of Erasmus University, Netherlands has categorically stated that Sri Lanka must not adopt the IMF recommendations on monetary policy for it has no rational basis and evidence of success anywhere in the world. Coming from a Western based economist that provides a lot of food for thought […]

Pakistan Prime Minister Shehbaz Sharif had telephoned President Ranil Wickremesinghe yesterday and discussed matters relating to the current economic situation in both countries, the Pakistan High Commission in Colombo said. PM Shehbaz thanked the President for supporting Pakistan with regard to the country’s agreement with the International Monetary Fund (IMF). “You have played the role of ...

Monday 17th July, 2023 The Parliamentary Select Committee (PSC) appointed by Speaker Mahinda Yapa Abeywardena to investigate the causes of the country’s bankruptcy has come in for severe criticism, and understandably so. The Opposition has rightly pointed out that the PSC cannot be expected to act impartially under the chairmanship of General Secretary of the […]