Paraguayan President Santiago Peña has resigned after parliament initiated impeachment proceedings against him over alleged irregularities linked to the collapse of Ueno Bank, a financial crisis that has triggered protests and left
Early U.S. capitalism was centered in New England. After some time, the pursuit of profit led many capitalists to leave that area and move production to New York and the mid-Atlantic states.
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Sri Lanka Insurance – opens its Wattegama Agency Business Development Center (ABDC) on the 14th of July at No. 73/C, Kandy Road, Wattegama. The occasion was graced by Mr. Lalith De Silva
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The Ceylon Chamber of Commerce is concerned about recent developments in the healthcare sector, particularly regarding the quality of pharmaceutical products procured for the public healthcare system. While the shortage of essential
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The Kaduwela Municipal Council opened the first of four Plastic Recycling Centers at 567/3, Yashodara Mawatha, Dedigamuwa as a pilot to improve standards in plastic waste collection and apply environment, health, and
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The United Nations has issued a grave warning about the escalating global public debt crisis, revealing that the total debt reached a record high of $92 trillion in 2022. This represents a
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A recent study conducted by Oxfam and Action Aid claims that the total windfall profits of the world’s 722 top companies crossed $1 trillion for the second consecutive year in 2022. The study notes
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As the mid-year fiscal status report for 2023 makes its way into the public domain, Sri Lanka finds itself facing an economic abyss that demands immediate attention. The statistics laid bare within
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The contradictions of China-bashing in the United States begin with how often it is flat-out untrue. The Wall Street Journal reports that the “Chinese spy” balloon that President Joe Biden shot down with immense
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“Those who cannot remember the past are condemned to repeat it.” ~ George Santayana RETROSPECT Each airline has a slogan. Some of these are quite uplifting: “ a great way to fly; a
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As the week closed the Central Bank and the Finance ministry sought to unveil the long-awaited domestic debt restructuring plan, a prerequisite to attain debt sustainability demanded by the IMF.Ironically, Governor Nandalal
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Business leaders and representatives from various chambers and unions gathered at the Presidential Secretariat for a meeting with President Ranil Wickremesinghe. The discussions focused on the Domestic Debt Optimization (DDO) program and
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De-dollarization is apparently here, “like it or not,” as a May 2023 video by the Quincy Institute for Responsible Statecraft, a peace-oriented think tank based in Washington, D.C., states. Quincy is not alone
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The International Monetary Fund’s (IMF) headquarters are in the heart of Washington, a stone’s throw from the White House, Lincoln Memorial, Treasury Department, Organisation of American States (OAS) and Federal Reserve (the
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by Robert Lawrence Kuhn Other than global economic and social imbalances, and climate change, defining and protecting human rights is the most important challenge for the international community. “Whole-process people’s democracy” is
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The common path followed by almost all IMF member countries in response to sovereign debt crises in recent decades,is to enter into an IMF supported stabilisation and structural adjustment programme. Sri Lanka
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