South Korea is extending trading hours on its main stock exchange, breaking with established norms across major Asian markets as it seeks to attract sustained participation from global investors and move towards
Around 75,000 Sri Lankans have left their country for overseas jobs in the first three months of 2024, the Sri Lanka Bureau of Foreign Employment (SLBFE) said Thursday. The SLBFE said 74,499
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China matters a lot for the rest of Asia, given its pivotal role in global manufacturing and innovation, a business leader has said. Home to the world’s leading regional trade agreements such
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Sri Lankan ports are witnessing a remarkable surge in bunker demand, driven by ongoing global navigation challenges, particularly in the Red Sea region. This uptick in demand comes as ships reroute their
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The International Monetary Fund (IMF) announced on March 21, 2024, that it has reached a staff-level agreement with Sri Lanka regarding the next phase of financial assistance, granting access to $337 million
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India’s foreign exchange reserves reached an all-time high of 642.49 billion U.S. dollars during the week ended March 15, the country’s central bank has reported. This was the fourth straight week with
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by Albert Silva In the grand theatre of geopolitical manoeuvring, Sri Lanka has often found itself cast as the hapless protagonist, stumbling through acts of history with all the grace of a
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Following a period of intensive negotiations, Pakistan and the International Monetary Fund (IMF) successfully reached a staff-level agreement on Wednesday. This agreement signifies a critical milestone for Pakistan, marking the culmination of
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The IMF team is in Colombo for the Second Review of the ongoing Extended Fund Facility (EFF) loan agreement with Sri Lanka and will meet with some civil society organisations and think tanks
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In a remarkable advancement in artificial intelligence (AI) research, a team of scientists from the University of Geneva has achieved a breakthrough where two AI systems engaged in unprecedented linguistic communication. Their
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The Indian government’s involvement in various projects in Sri Lanka has sparked controversy and drawn criticism from multiple quarters, with accusations ranging from attempts to gain control over the island nation’s resources
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The GDP growth rate of Sri Lanka for the year 2023 was estimated as a 2.3 percent negative growth rate, the Department of Census and Statistics (DCS) said in a statement on
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Sri Lanka stands out as the sole country in South Asia to maintain its High Human Development status in the latest United Nations Development Programme (UNDP) Report. Amidst a landscape of mixed
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In a disturbing turn of events, John Barnett, a whistleblower embroiled in a lawsuit against Boeing, was found dead in his truck at a hotel in Charleston, South Carolina. The discovery came
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In a recent video exposé by renowned Sri Lankan biodiversity scientist, Rohan Pethiyagoda, shocking revelations have emerged regarding a major wind power project awarded to Adani Green Energy Sri Lanka Limited by
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When interest-bearing commercial and agrarian debt came to be incorporated into civilization’s economic structure in the third millennium BC, it was accompanied by clean slates that liberated bondservants and restored to debtors
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