Saudi Arabia has temporarily shut its 1,200-kilometre East-West oil pipeline after a drone attack damaged the vital crude conduit, adding to mounting disruptions to energy flows across the Middle East as the
The Ceylon Chamber notes with satisfaction the steps taken to implement crucial economic reforms. It is important to maintain the reform momentum under the IMF program, in order to meet the program
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The Dutch companies are eager to explore investment opportunities in renewable energy, eco-labeling and sustainable agriculture, if Sri Lanka can showcase a corruption free business environment, Her Excellency Bonnie Horbach, Ambassador to
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Chinese researchers have developed a digitalized container sealing technology and promoted it to an international standard to facilitate global container transportation. The container standard was officially released by the International Organization for
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Many Sri Lankans are concerned about their next meal, the high cost of living, deteriorating health, stagnant incomes, how to buy school requisites for their children, malnutrition and increasing poverty which they
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The Federal Reserve’s higher interest rates after 12 years of zero interest rates are devaluing the asset side of banks’ balance sheets. This frightens depositors and they withdraw their deposits. Depositors also are withdrawing
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The weighted real GDP growth rate of Asia in 2023 is estimated to be 4.5 percent, an increase from 4.2 percent in 2022, according to a report released by the Boao Forum
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Sri Lanka’s seventeenth IMF agreement sealed last week may well prove to be the most devastating one of them all. The reason is that the agreement comes along with Sri Lanka having
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The IMF agreement is much more than the USD 3 billion that accompanies it. In the overall scheme of the country’s foreign debt (now estimated at around USD 48 Billion) and overall
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Sri Lankan crisis cannot be separated from the international crisis both in economic and political terms. This is a warning for the political leaders to resolve their differences and conflictsin an amicable
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The Ceylon Chamber of Commerce congratulates the Government on securing the Extended Fund Facility (EFF) with the IMF. We appreciate the efforts of the Government led by the President, the Governor of
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