The BRICS Business Council has announced plans to establish a logistics hub in the United Arab Emirates (UAE), a decision that could significantly reshape global trade dynamics among its member nations and
Sri Lanka’s Ministry of Finance announced the successful completion of its Consent Solicitation and Exchange Offer for International Sovereign Bonds (ISBs), achieving an extraordinary level of participation from bondholders. This development marks
More
The World Bank’s International Debt Report 2024 paints a grim picture of Sri Lanka’s debt challenges, underscoring the nation’s precarious financial position within a global crisis that saw debt servicing costs and
More
A groundbreaking development in medicine is emerging as drugs initially designed for diabetes and weight loss show potential for treating addiction and other chronic conditions. Physicians and researchers are reporting encouraging results
More
Online shopping often involves endless options and fleeting discounts. A single search for running shoes can yield hundreds of results across multiple platforms, each promising the “best deal.” The holiday season brings
More
The long-sidelined ambition to construct a multi-billion-dollar natural gas pipeline from Qatar to Europe via Turkey might be back on the table, following the dramatic fall of Syria’s Bashar al-Assad. A plan
More
In the contemporary era, the constructs of connectivity and understanding have emerged as pivotal elements shaping our global society. This discussion seeks to explore the nuanced perspectives of two influential domains: Facebook,
More
by Our Economic Affairs Editor Adani Ports and Special Economic Zone (APSEZ) has withdrawn its $553 million loan request from the United States Development Finance Corporation (DFC) for the Colombo West International
More
Colombo Dockyard PLC (CDL), Sri Lanka’s pioneering shipbuilding and repair company, is seeking a new strategic investor as its majority shareholder, Japan’s Onomichi Dockyard Company Ltd., prepares to divest its 51% stake
More
The Israeli air force has attacked more than 250 military targets in Syria since the change of power in the country, including military bases, dozens of fighter jets and helicopters, anti-aircraft missile
More
Ocean mapping and open data sources play a critical role in disaster preparedness and monitoring in Sri Lanka, a nation highly vulnerable to marine and coastal hazards such as tsunamis, storm surges,
More