During the meeting between President Ranil Wickremesinghe and the IMF team at the Finance Ministry yesterday (07), Peter Breuer, the Senior Mission Chief for Sri Lanka, delivered encouraging remarks. Breuer emphasized that the IMF program is exhibiting promising signs of efficacy, translating into tangible outcomes. He commended the authorities for their unwavering commitment to the…
Reuters – China’s export and import growth in the January-February period beat forecasts, suggesting global trade is turning a corner in an encouraging signal for policymakers as they try to shore up a stuttering economic recovery. China’s improved export data joins those of South Korea and Germany, and Taiwan, who all saw their shipments top expectations over the first…
The International Monetary Fund (IMF) will commence its second review of the Extended Fund Facility (EFF) program for Sri Lanka today (March 07) with an opening meeting scheduled with President Ranil Wickremesinghe. Taking to his X handle (formerly Twitter), Finance State Minister Shehan Semasinghe said this marks a crucial milestone in the ongoing efforts by…
By Himani Vithanage ‘’Currently an assessment could be deployed in about 5 minutes, in class, student responses are instantaneous and so are the results (he doesn’t need to grade them separately). Traditional assessment usually takes 3-4 hours each’’ — an assistant teacher at a Composite School in India who has been using Class Saathi, an…
The Event Management Association (EMA), the only professional industry body in Sri Lanka for event management, with a membership of over 50, sheds light on the often unseen, yet crucial role that professional event managers play in creating and delivering successful events and fostering a thriving industry within the country and the region. They aim…
Greenpeace South Asia and Sri Lankan marine conservation organisation Oceanswell have just returned to Colombo following the successful completion of cetacean visual and acoustic surveys in the high seas of the Indian Ocean aboard the Greenpeace flagship Rainbow Warrior. The scientific survey was conducted under the leadership of Dr. Asha de Vos, renowned cetacean researcher…
Ceylon Curry Club, part of the Citrus Group, had the honor of being selected as a caterer for arguably the most lavish pre-wedding event of our times, hosted by the Ambani family in Jamnagar, Gujarat, India. A 13-member team from Citrus was originally slated to cater during one lunch service, serving a selection of favourites…
In a recent announcement, State Minister for Urban Development and Housing, Mr. Arundika Fernando, revealed that the government has commenced crucial development projects. He also highlighted the growing interest from India, China, and several Western nations in investing in the country. State Minister of Urban Development and Housing, Mr. Arundika Fernando made these statements at…
Consolidating its legacy as a cornerstone of the nation’s banking system, Sri Lanka’s premier private sector bank HNB PLC, celebrated its 135th year of supporting customers and businesses to achieve their financial goals with the release of a commemorative stamp. Commenting on the historic occasion HNB’s Managing Director / Chief Executive Officer Jonathan Alles said,…
Reuters – Sri Lanka is committed to repaying its debt within the 2027-2042 schedule, President Ranil Wickremesinghe said on Wednesday, adding that successful debt restructuring negotiations will bring annual external debt payments down to 4% of GDP. The island nation defaulted on its foreign debt in May 2022 after its economy ran into an unprecedented…
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