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 Executive Board of the International Monetary Fund (IMF) approved today a 48‑month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota
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It was with great satisfaction and sincere hope that I welcomed the announcement made last Tuesday by the Managing Director of the IMF, Kristalina Georgieva, that an IMF Executive Board meeting will
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With International Women’s Day 2023 centred around the theme of #EmbraceEquity, the Ceylon Chamber of Commerce, as a forerunner in promoting gender equality in the private sector and beyond, continues its longstanding
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Tourism, as it is well known, is a major industry in Sri Lanka. The foreign exchange it brings into the country and the hundreds and thousands of people who are directly and
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The Sri Lanka Retail Forum (SLRF) 2023 conducted by the Sri Lanka Retailers Association (SLRA) on 1st March, 2023, will address many of the pressing challenges currently faced by the industry, and
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Blaming the United States for letting the “balloon incident” unnecessarily create “a very unfortunate effect on Sino-American relations,” Chas Freeman said the implications of the abrupt scrapping of Blinken’s trip to China
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In the last nine years after Mr. Narendra Modi assumed office as Prime Minister of India, there is no doubt that India has achieved significant progress and has made rapid strides in
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by Our Economic Affairs Correspondent “The IMF’s emphasis on fiscal austerity has proven to be misguided and has resulted in economic stagnation, high levels of unemployment, and increased poverty in many countries.”
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Corruption is a persistent problem in many countries, including Sri Lanka. It hinders economic development, undermines public trust in government, and erodes the rule of law. One solution that has been successful
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Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe has disregarded and trivialised the extent of illicit financial flows through trade mis-invoicing in instigating Sri Lanka’s ongoing foreign exchange and fiscal
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