Former President and United National Party (UNP) leader Ranil Wickremesinghe has warned that Sri Lanka is heading towards a severe economic crisis, alleging that the current administration is steering the country towards
Pakistan is confronting a critical financial moment as it moves to repay $3.5 billion to the United Arab Emirates this month, a decision that underscores the country’s ongoing economic vulnerabilities and its
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Sri Lanka’s tourism industry is facing a significant downturn as escalating military tensions disrupt travel and deter international visitors, officials have confirmed. Deputy Tourism Minister Ruwan Ranasinghe stated that foreign tourist arrivals
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Larry Fink, Chairman and CEO of BlackRock, the world’s largest asset manager with $14 trillion under management, delivered a stark warning about the global economy amid the ongoing conflict in Iran in
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Professor Wasantha Athukorala of the Department of Economics and Statistics at the University of Peradeniya has revealed a significant decline in the country’s school population over the past seven years. Between 2019
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The world is facing an oil crisis of historic proportions as the ongoing United States-Israeli war on Iran has effectively shut down much of the Strait of Hormuz, the narrow chokepoint through
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Energy expert Vaqar Zakaria is living proof that solar power can change the economics of everyday life. For over five years, his rooftop panels in Islamabad have slashed his electricity bills, sometimes
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Business activity around the world has taken a hit as the ongoing Iran war and soaring energy costs weigh heavily on corporate confidence, early survey data revealed on Tuesday. The first purchasing
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Fishermen in Sri Lanka’s Northern Province are facing a deepening livelihood crisis as fuel shortages, driven by global conflict in the Middle East, continue to disrupt their daily operations. N.M. Alam, Secretary
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Recent unrest in the Middle East has raised concerns that Sri Lanka may face a shortage of oil supply. Because oil plays such a central role in the economy—powering transportation, construction, electricity
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India’s Prime Minister Narendra Modi said the country has enough energy supplies to meet domestic demand despite the escalating conflict in Iran, warning that the Middle East war poses unprecedented challenges for
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