When a Software Update Grounded the World: Lessons from the CrowdStrike Crisis and the Urgent Need for Cybersecurity Overhaul By Jithendra Antonio In the ever-evolving landscape of cybersecurity, the recent debacle involving CrowdStrike serves as a stark reminder of the fragility of our digital infrastructure. A seemingly innocuous software update spiraled into a global crisis,…
In 2023, overseas interest in Sri Lankan properties surged by 33% compared to the previous year, as reported in the Real Estate Market Outlook Report 2024 (REMOR24) by LankaPropertyWeb, the leading real estate portal in Sri Lanka. According to the report, the demand for residential apartments in Sri Lanka is set to dominate the market…
Harnessing Foreign Investment Amid Climate and Political Challenges – By Jithendra Antonio Sri Lanka, an island nation rich in history and culture, is grappling with severe economic vulnerabilities. With limited land and finite natural resources, the country faces significant challenges in commercializing these assets. Climate change further exacerbates these issues, casting a shadow over key…
In July 1921 the Communist Party of China (CPC) took the 1st centenary goal to eradicate poverty in China by 2021. It reached the goal in 2020 & on the eve of its 103rd anniversary members celebrated with a symphony concert at the CPC Museum in Beijing. CPC statistics indicate that the Museum opened in…
Positivity Back to June 2023 Levels – Mood of the Nation Survey by Verité Research. Over three times as many people approve of the government and feel better about the economy and the country’s economic trajectory compared to four months ago, according to the latest round of the Gallup style ‘Mood of the Nation’ poll…
Perceived Economic Opportunity Index [PEOI] 2024 Q2: April 01 to June 30, 2024 This is what we said at the end of 2024 Q1: “Hope continues to elude Sri Lankans despite a few downward adjustments in prices due to the strengthening currency. The only bright spot is that the perception of fighting corruption has increased…
By Felix A. Fernando – Chief Executive Officer and Managing Director of Omega Line Ltd and Deputy Chairman Joint Apparel Association Forum (JAAF) In the face of global economic challenges, the apparel industry has struggled to maintain its footing. Yet, within this turbulent landscape, Italy has proven to be a significant export destination in the…
In the rapidly evolving landscape of global economics, a new and potent force is reshaping the contours of national policies and international relations: AI nationalism. This phenomenon is characterised by nations prioritising the development, control, and application of artificial intelligence technologies to secure economic advantages and national security. As AI becomes increasingly integral to economic…
Kalutara was a golden flower in country’s economic fabric brighter than Colombo a century before colonization. Beruwala had the capacity to receive world’s first ‘Blue Navy’ under Admiral Zheng He of China. From there spices, gems & Elephants etc. were exported to global markets. Tunisian traders operating in the island off Beruwala & many facts…
Sri Lanka’s mango industry, deeply woven into the cultural fabric and dietary needs of Sri Lanka, is thriving with a 12.2% production boost and a 5% yield improvement over the past two decades. Yet, the industry is characterised by drastic seasonal price swings. Prices are currently low, and another significant drop is expected between September…
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