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
OPEC Plus, which is a group led by Saudi Arabia and include Russia and other oil exporters in the “Plus” or expanded version, has now announced its decision to cut crude oil
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The following article is based on the speech by the author as a Government of Asian Development Bank and President of Sri Lanka in their 55th Annual Meeting It is my privilege
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Prime Minister Modi launched massive demonetization measures in 2016, which was praised by the pledged admirers of Modi and criticized by the sworn critics of Modi. In any case, after a few
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One of the major AirLines in Sri Lanka well known as “Sri Lankan Airlines” – its official Twitter account has been hacked by a cryptocurrency organization. Currently, AirLine’s official verified account is
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Newly elected Prime Minister of the UK, Liz Truss’s plan for growth, melding the biggest tax giveaway in half a century with Thatcherite deregulation, is a straight-up gamble with Britain’s future, and
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“The metaverse is best understood as the shift of computing and interaction from a device in your pocket into a virtual simulation.” ~ Matthew Ball The word “metaverse” has been with us
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For the first time after 30 years, Sri Lanka will start exporting ilmenite from Trincomalee port. This ilmenite export to China will start today. Sri Lankan Ports Authority has announced that a
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The Federal Reserve ( FR) has a long record of mistaken decisions. Unless the Federal Reserve’s intent is to collapse the economy, the current policy of higher interest rates will go down as
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Building on the USAID Administrator Samantha Powers’s recent visit, US Ambassador to Sri Lanka Julie Chung announced today that the United States, through USAID, will provide an additional estimated $65 million (more
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The price of electricity has risen astronomically in Europe over the last two years: by four times over the previous year and 10 times over the last two years. The European Union
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Today in Sri Lanka, Administrator Samantha Power announced an additional $20 million in humanitarian assistance to support Sri Lankans during the complex emergency that has resulted in a severe economic crisis leaving
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Sri Lanka’s debt crisis, which led to political upheaval and change of government, is the result of debt accumulation, domestic policy dysfunction and external shocks. Sri Lanka has long relied on external
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Thirty-seven newly installed state ministers to run bankrupt Sri Lanka have urged to allocate 296 government vehicles, fuel and drivers to serve the vehicles, according to highly placed government sources. Sources confirmed
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The world’s largest container shipping company, the MSC, began in mid-2022 to re-route its vessels passing by Sri Lanka, on a new course that is approximately 15 nautical miles to the south
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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
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