Economic Times – India’s heavy commercial vehicle maker Ashok Leyland on Wednesday announced that it has bagged an order from the Sri Lankan Transport Board to supply 500 buses. The Sri Lanka Transport Board is a state owned single largest bus transport provider with 110 depots throughout the island nation and operates buses in city…
In December 2022, Purchasing Managers Indices indicated an expansion in Services activities and a continued setback in Manufacturing activities. Manufacturing PMI recorded an index value of 44.8 in December, indicating a continued setback in manufacturing activities. This setback was driven by subdued performance observed in all the sub-indices, except Suppliers’ Delivery Time. Services PMI returned…
New Delhi (CNN) – India will overtake China this year to become the world’s most populous country. The likelihood of India passing that major milestone within a few months shot up Tuesday, when China reported that its population shrank in 2022 for the first time in more than 60 years. This shift will have significant economic implications for…
Let’s join hands for a new political journey for the betterment of the people Rs. 30-40 billion allocated for medicines this year The 75th Independence Celebration is an investment for the future – Parliament tells parliament President Ranil Wickremesinghe invited the opposition to join hands through a new political system to provide relief to the people and…
COLOMBO, Jan 17 (Reuters) – India has told the International Monetary Fund (IMF) it will support Sri Lanka’s debt restructuring plan, a source with direct knowledge of the matter said, as the island nation races to secure a $2.9 billion bailout from the global lender. The country of 22 million people is facing its worst…
A delegation of investors from the United Arab Emirates, led by His Royal Highness Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, visited Port City Colombo on the 14th of January 2023, during a special visit to Sri Lanka for the purpose. Discussions were held between the members of the delegation, representatives from the Colombo…
Bloomberg – Sri Lanka’s debt negotiations with China and India “are successful,” according to President Ranil Wickremesinghe, bringing the bankrupt nation closer to clearing a major hurdle to unlock $2.9 billion from the International Monetary Fund. The nation’s president, who doubles as finance minister, spoke before the parliament Tuesday, without providing details. Before that, a person with…
Bollywood actor Shah Rukh Khan with his more than three decades of work in the film industry has garnered millions of fans all over the world and an estimated net worth of ₹627 million ($770 million), making him the richest actor in Asia and fourth richest actor all over the world. Beating fellow immensely famous and…
LONDON, (Reuters) – Gold prices are expected to rise towards record highs above $2,000 an ounce this year, albeit with a little turbulence, as the United States slows the pace of rate hikes and eventually stops increasing them, according to industry analysts. Spot prices of the precious metal have shot above $1,900 an ounce, surging…
DAVOS, Switzerland, (Reuters) – The World Economic Forum (WEF) returned to Davos for its first winter session in three years with high expectations. Record numbers of government officials and business leaders were expected at the elite annual affair. However, the shadow of impending recession hung over the snow-covered Swiss ski resort as two surveys warned of trouble…
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