The Silk Road Journal – by Mahika Ming When the United States of America (USA) and Canada were constructing their first ever railroads, thousands of Chinese slaves were taken across the Pacific by the colonial rulers to work in these mega projects. As per records thousands of Chinese peasants have died constructing railroads in the…
The Silk Road Journal – by Mahika Ming The Peoples Republic of China (PRC) is planning to hold the 2021 international summit on Digital Development in Fuzhou, in Fujian in Southern China under the theme “Stimulating new dynamics of data factors and embarking on a new journey for Digital China”. The two day summit starting…
Sri Lanka’s export earnings registered a growth of 2.52% with US$ Mn 993.73 in February, compared to the previous year, maintaining the growth momentum recorded during the last five months as per the provisional statistics released by Sri Lanka Customs. This is the highest export figure recorded for the month of February during the last…
Bloomberg – The global middle class shrank for the first time in decades last year because of the Covid-19 pandemic, with almost two-thirds of households in developing economies reporting they suffered a loss in income, according to two new estimates based on World Bank data. In a study published Thursday, researchers at the non-partisan Pew…
The Silk Road Journal – by Mahika Ming Nearly 50 years ago the American Apollo and Soviet Luna missions brought lunar soil samples to earth. In 2020 China’s Chang-e 5 not only got lunar soil samples but also brought back rice seeds taken to be exposed to outer space environment. Chinese scientists are at present…
Bandula Gunawardana, Minister of Trade urged the whole stakeholders to actively engage in assisting all exporters of the country in every possible manner during this turbulent period enabling exporters to strengthen our economy. After observing the export performance of the month of January, he further stated that it is encouraging to see important export sectors…
Sri Lanka has a long established history of using fibre cement roofing sheets, namely chrysotile roofing sheets which are otherwise referred to as white asbestos. Being the choice of construction giants across the local industry, chrysotile has maintained a presence of over 60 years in Sri Lanka. The reason for the success…
The Silk Road Journal – By Mahika Ming Long before Chinese leaders including the late Paramount Leader Deng Xiaoping stated that the Hong Kong Special Administrative Region (HKSAR) should be ruled by Patriots once it is handed back to China after the 99 year lease to Britain in 1997, 14th amendment of the constitution of…
LONDON (Reuters) – Just when developing economies were ready to bask in the post-COVID rebound in global growth, in sweeps a bond market blaze to scorch them again. Most major investment banks were predicting a stellar 2021 for emerging market assets as long as one crucial snag – global borrowing costs rising too fast –…
Business Sentiment – BIZ Confidence Stabilises As far as biz sentiment goes, 2020 had its ups and downs – the LMD-Nielsen Business Confidence Index (BCI) oscillated between a high of 174 basis points at the beginning of the year, fell progressively thereafter against a backdrop of an unprecedented pandemic until August when it bounced back…
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