Plots of land in the Colombo Port City have been allocated for foreign investors, but it is reported that only six plots have been acquired by the investors so far. “74 plots
During the Glasgow Climate Meet, the Indian Prime Minister announced with much fanfare that India would achieve zero net emission target by the year 2070. The pre-condition to reach zero emission level
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Future historians will likely look back at the debt ceiling rituals being reenacted these days with a frustrated shaking of their heads. That otherwise reasonable people would be so readily deceived raises
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The Organization of Petroleum Exporting Countries (OPEC) plays a “vital role” in supporting oil market stability, the organization’s chief said on Thursday, in an apparent defense of surprise output cuts earlier this
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More U.S. regional banks could face loss of investor confidence and succumb to deterioration of business amid banking turmoil, as the First Republic Bank continues its struggle to find a way out
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One of the easiest ways is to cut expenditure. It is within the power of Sri Lanka’s status as an island nation in the middle of the Indian Ocean. Put simply, it
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Chile’s President Gabriel Boric, in a televised address to the nation on April 20, announced his plan to nationalize the country’s lithium industry to boost the economy and protect the environment. Boric
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The International Monetary Fund (IMF) on Wednesday urged fiscal policymakers to adopt tighter fiscal policies to help central banks fight inflation. “Amid high inflation, tightening financing conditions, and elevated debt, policymakers should
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The fourth Export Barometer Survey conducted by The Ceylon Chamber of Commerce highlighted the fall in exports in the second half of 2022, in line with the decline in national exports during
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A lack of independent financial policies and oversight has put the European banking industry in turmoil due to spillover risks from the U.S. financial system, a Singaporean economist told Xinhua in a
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In late February 2023, U.S. President Joe Biden announced that the United States had placed the nomination of Ajay Banga to be the next head of the World Bank, established in 1944. There will
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