The Silk Road Journal by Mahika Ming As we all know Afghanistan was a peaceful country till late 1970s. It never attracted colonial powers since it didn’t have any valuable resources they can take away to London, Lisbon & Moscow etc. When the USSR decided to access the Indian Ocean as part of the cold…
Sentiment in corporate circles bounces back despite the multitude of challenges In a midyear economic update, ICRA Lanka revised its forecast for Sri Lanka’s economic growth this year, downgrading it from 3.6 percent to 3.4 percent. The rating agency notes that this projection is based on the assumption that there will not be any major…
The Silk Road Journal by Mahika Ming Most Sri Lankans are praising Dinesh Priyantha for winning their first ever Paralympics Gold Medal in Tokyo. He set a new world record by throwing the Javelin 67.79m. Samitha Dulan who won the Bronze is also being praised. Dinesh brought honour to the motherland in Rio as well…
Many families are aware of the importance of early financial investment education. Once, you asked Emmanuel Rodriguez why there was no Nintendo console yet. The 7-year-old says he owns something better: Nintendo stock. The friend stared incredulously, but it was true. The boy holds Nintendo shares worth about $178. Emmanuel’s father, Sebastian Rodriguez, said: “This…
STORY HIGHLIGHTS Floating solar could bring multiple benefits such as better land utilisation, improved efficiency and it gives potential to help Sri Lanka meet its renewable energy goals Globally over 30 countries have implemented 500 projects including Maldives and India Comprehensive policy adaptation can help attract long term investors and tap climate finance options as…
By Chatura de Silva Crises can often lead to significant changes in almost every operational aspect of life. The ongoing global COVID-19 pandemic is a fitting example of how profound disruption can be. Many industries and markets had to radically shift to accommodate new norms or had to work around new constraints to continue their…
Sri Lanka’s exports have surpassed the $ 1 billion mark in July after four months’ time period where the similar achievement was only recorded in March during this year. As per the figures released by the Sri Lanka Customs, Sri Lanka recorded exports worth of US$ 1,099.41 million in July 2021, the highest ever monthly…
By The Joint Apparel Association Forum (JAAF) Micro, small and medium enterprises (MSMEs) are the backbone of any economy, and that is certainly true for Sri Lanka. MSMEs make up more than 90% of all non-agricultural business establishments in the country and generate 52% of GDP. They also account for 47% of all employment in…
The Silk Road Journal by Mahika Ming The Global Young Leaders Dialogue (GYLD) is an initiative of the Chinese NGO think tank Center for China & Globalization (CCG) in association with the Academy of Contemporary China & World Studies. The main objective of this initiative is to develop a global community engaged in positive trans-cultural…
Fitch Ratings: The National Ratings on Sri Lankan banks remain constrained by the sovereign credit profile (CCC), Fitch Ratings says. The highest National Rating for domestic banks with ratings driven by their intrinsic credit profiles is ‘AA-(lka)’. This is the highest point on the national scale that corresponds to an international scale rating of ‘CCC’…
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