Reuters – Sri Lanka’s cabinet has approved a proposal to downgrade the island nation’s economic status to “low income country”, in order to get access to concessional funding from international organisations, the cabinet spokesman said on Tuesday. Sri Lanka’s economy is in a deep slump, shrinking at an annual 8.4% in the June quarter in one of…
As Sri Lanka begins the monumental task of laying the groundwork for economic revival, the Sri Lanka Economic Summit (SLES) 2022 organised by the Ceylon Chamber of Commerce, will kick-start the conversation on the work that lies ahead, under the theme ‘Resetting from Turmoil to Opportunity’, on December 5th and 6th at the Shangri-La, Colombo….
Reuters – The annual IMF/World Bank meetings in Washington D.C. from Monday to Saturday will include talks on a number of emerging markets squeezed by rising inflation and borrowing costs against a backdrop of slowing global growth. The economic hit from Russia’s invasion of Ukraine has added to pressures that surfaced during the COVID-19 pandemic…
“JAAF fully supports mechanisms and processes to improve the tax administration and collection and broadening of the tax base.” Yohan Lawrence, Secretary General Rebuilding Sri Lanka is a national priority and the Government of Sri Lanka has aptly stated that the path to rebuilding the nation is in strengthening export-led growth. Sri Lanka’s merchandise exports…
Japan and Sri Lanka signed a Memorandum of Cooperation on the Joint Crediting Mechanism (JCM) for Low Carbon Growth Partnership this afternoon (10) at the Presidential Secretariat. The Memorandum of Cooperation on the JCM was signed by Dr Anil Jasinghe, Secretary to the Ministry of Environment and Mr Misukoshi Hideki, Japanese Ambassador to Sri Lanka….
STOCKHOLM (AP) — This year’s Nobel Prize in economic sciences has been awarded to three U.S.-based economists “for research on banks and financial crises.” The award to Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig was announced Monday by the Nobel panel at the Royal Swedish Academy of Sciences in Stockholm. Nobel prizes…
Climate change today is affecting the financial system due to its far-reaching impact across all sectors and geographies. As risks associated with environmentally damaging products and services increase, it is expected that purchasing and investing in green alternatives will become the norm. This has led to the undertaking of initiatives to mitigate the negative impacts…
The Board of Investment (BOI) takes pride to announce the remarkable resilience shown by its enterprises, in the face of recent economic challenges and unprecedented sequences of events with the merchandise exports of the enterprises amounting to US$ 6.6 Bn during the period from January to September 2022. This is a 16% growth compared to…
Politicizing human rights (HR) and practicing double standards in reference is considered unpopular and unethical but practiced by many especially in the West. As always there were many discussions on the issue during the 51st session of the United Nations HR Council. Of them China’s Xinjiang topped the list as it has been one of…
University of Kelaniya (UoK) and Dhammika & Priscilla Perera Foundation (DP Education) signed a Memorandum of Understanding (MoU) on the 4th of October 2022 to facilitate open online course development and delivery in certificate-level Enterprise Resource Planning (ERP). The objective of this initiative is to provide opportunities to learn free of charge the required knowledge…
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