Daraz Sri Lanka and Sri Lanka Association for Software Services Companies (SLASSCOM) released the first in-depth study on the adoption and use of e-commerce in Sri Lanka during difficult economic times at a roundtable discussion held in Colombo on Monday 30th January 2023. The report titled “E-commerce: A Driver of Inclusive Growth in Sri Lanka?”…
US Treasury Secretary Janet Yellen visited African countries in January aiming to promote economic ties & partnerships between the USA & Africa. In Zambia she called on China to address Zambia’s heavy debt burden while ensuring US commitment to help Africa face China-driven “debt-traps”. She seems to have purposely ignored the win-win south-south cooperation which ensures sustainable…
The Ceylon Chamber of Commerce (CCC) recently launched the 8th edition of its flagship annual Outlook Report for 2023 at the Economic Outlook 2023 seminar. The Report was launched in the presence of Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka who delivered the keynote address. Compiled by the Economic Intelligence Unit…
Sri Lanka Tea Production slumped to a 26 Year Low of 251.4 Mnkg. Back in 1995 the country harvested 246 Mnkg from a much smaller production base. This was the highest on record at the time and tea production continued to grow steadily thereafter, with a peak of 340 Mnkg recorded in 2013. An analysis…
Former U.S. Secretary of State Henry Kissinger (99 years) was a key figure building bilateral bonds between USA & China during Nixon administration in the early 1970s. That was a win-win as US gained access to China’s mega markets & China got the opportunity to expand its international presence. Addressing the annual New Year gala…
By Prof. Samitha Hettige The Communist Party of China (CPC) was formed in 1921 by Chinese intellectuals with the objective of raising Chinese people out of poverty within 100 years. The responsibility of taking China forward was rested on the youth of the era by the founders & after 30 years they established the Peoples…
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…
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