While centre driven and managed high level economic changes, both structural and financial, are necessary, an assumption that the benefits of such changes will flow to the periphery through a trickledown theory
Christell Luxury Wellness has unveiled an exciting newskin,hair, and body care line, under its own brand name “CHRISTELL”– its first-ever product offering, anda breakthrough expansion by the country’s leading cosmetology centre into
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Prime minister Rishi Sunak – reportedly the richest MP in Parliament – would be a boon for the financial lobby, tax justice campaigners have warned. As talk turns to the next Conservative
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Why is Saudi Arabia suddenly defying the United States, after five decades of a strong alliance? It’s a question I’ve been asked frequently in recent days. Here’s the answer. I describe in
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A clear line against political repression is beginning to emerge within democratic opposition forces in Sri Lanka, or broadly speaking, those who oppose the current government of Ranil Wickremesinghe. But the crisis
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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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In mid-September, for just a few days, Indian industrialist Gautam Adani entered the ranks of the top three richest people on earth as per Bloomberg’s Billionaires Index. It was the first time
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Following excerpts adapted from Tumultuous Times: Central Banking in an Era of Crisis by Masaaki Shirakawa published by Yale University Press. This is a rare insider’s account of the inner workings of
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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 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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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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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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The IMF staff-level agreement with Sri Lanka on a USD2.9 billion programme, confirmed on 1 September, appears to signal a sharp change in policy settings in order to achieve macroeconomic stability, including
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The full text of the interim budget speech tabled today in the parliament by President Ranil Wickremesinghe is as follows; The Interim Budget is being presented today to the Parliament, in order
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Japan is Ready to Coordinate with Creditors Japan will coordinate with other creditors to resolve Sri Lanka’s deepening financial crisis, Finance Minister Shunichi Suzuki said on Tuesday, urging all creditor nations to
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