2023 global growth to slow to 1.7% from 3% expected six months ago Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report. Given fragile economic conditions, any new adverse development—such as higher-than-expected…
In the People Republic of China, the Police Hotline is 110. In 1986 the Guangzhou municipality first introduced 110 as the Police hotline. Ten years later in 1996 110 became the national hotline. Thus they celebrate the Peoples Police Day on 10th January. During 2022, 308 officers & 179 auxiliary officers have paid the supreme…
Sri Lanka encountered the most challenging year in 2022 in the post-independence economy. Headwinds due to consecutive economic shocks in recent years, including the Easter Sunday attacks in 2019, the outbreak of COVID-19 in 2020, and its protracted impact on activity in the aftermath in 2021, the socioeconomic and political crisis in 2022 amidst catastrophic balance of payments (BOP)…
While the topic of shipping liberalization has generally been the subject of frequent and heated debate in 2022, key stakeholders across Sri Lanka’s logistics and export sectors have become increasingly unified in their call for urgent liberalization of the island’s shipping industry, with shipping and freight forwarding agencies being the most immediate requirement. These reformist…
By Prof. Samitha Hettige US Army hero John Rambo (JR) was a cinema sensation. One may call him a Yankee. He was trained by the US Army, served in Vietnam, destroyed everything which blocked his path and finally was evacuated by the US Army Bell helicopter in the movie. President Jayawardena also known as JR…
Reuters – Global hedge funds are set to register their worst returns in 14 years in 2022 after aggressive U.S. interest rate rises hit asset prices hard, however, their declines are overall smaller than the slump seen in equity and bond markets this year. Some hedge fund strategies that put money in commodities and currencies…
Can metro rail truly be a game changer in terms of boosting the economy and mitigating the suffering of millions? To find the answers, this phenomenon must be examined from various angles By Dr Shafik A. Rahman Bangladesh inaugurates the country’s first metro rail system, MRT-6, in the heart of Dhaka. The need of an efficient…
Reuters – It has been a rough 12 months for emerging markets that have seen more governments stumble into default, currencies suffer and double-digit losses in stocks and bonds alike – though many investors are optimistic that 2023 could bring some relief. Below are the events, trends and topics investors expect to shape the outlook for emerging…
Reuters – When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach. India provided about $4 billion in rapid assistance between January and July, including credit lines, a currency swap…
Business Sentiment – The Mercury Drops As 2022 Ends As nitty-gritties with regard to the IMF bailout are still to be resolved – especially with regard to debt restructuring with Sri Lanka’s creditors and the implications of Budget 2023 sink in – it would seem that corporates have retracted their optimism. THE INDEX The LMD-NielsenIQ…
Video Story
