Global Maritime logistics company Mitsui OSK Lines Ltd (MOL) has recognised the Hambantota International Port Group (HIPG) for their safety protocols and has certified the Hambantota International Port’s best practices as an industry benchmark. A Certificate of Appreciation was presented to HIP at MOL’s Annual Stevedore Meeting (India and Indian Ocean Region), held at the…
Reuters – A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in some countries, if technology is also decoupled, the International Monetary Fund said in a new staff report. Tne IMF said even limited fragmentation could…
(The Hindu) – External Affairs Minister S. Jaishankar’s visit to Colombo on Thursday will focus on “supporting Sri Lanka” in its current economic crisis, government sources said, adding that talks are ongoing in the field of energy security, food security, currency swap arrangements as well as talks about restructuring Sri Lanka’s debt. The two-day visit…
(The Economic Times) – After concluding debt restructuring talks with Japan, Sri Lanka is set to begin consultations with India. China, another major lender, continues to drag its feet. External affairs minister S Jaishankar is expected to visit Colombo this week to meet stakeholders and discuss debt restructuring, ET has learnt. As Sri Lanka has defaulted on its debt repayments, it is negotiating…
Binance was granted registration by the Swedish Financial Supervisory Authority on January 10, 2023. Binance today announces that Binance Nordics AB has been granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (Swedish FSA). This follows months of constructive engagement with the regulator. Binance Nordics…
By Prof. Samitha Hettige The Communist Party of China (CPC) was formed in 1921 by Chinese intellectuals with the objective of raising Chinese people out of poverty within 100 years. The responsibility of taking China forward was rested on the youth of the era by the founders & after 30 years they established the Peoples…
On the sidelines of the International Ombudsman Conference 2023, the Office of the Parliamentary Commissioner for Administration (Ombudsman) of Sri Lanka and Ombudsman Institution of Türkiye has entered into Memorandum of Understanding (MoU) on 11 January 2023 in Ankara. The Memorandum of Understanding between the Office Ombudsman of Sri Lanka and Ombudsman Institution of Türkiye was…
Mr. Jaishankar’s January 19-20 visit to Sri Lanka will follow Chinese ministerial visit on January 14-18, as Colombo seeks written financial assurances on debt restructuring from its closest and biggest creditors The Hindu – External Affairs Minister S. Jaishankar will travel to Sri Lanka next week, sources told The Hindu. This will be his first trip to the…
We have been able to receive the support of the International Monetary Fund (IMF) by building up confidence as a country -President tells trade union representatives President Ranil Wickremesinghe emphasized the need of working within one policy framework by all while facing the economic difficulties the country is confronted with. The President made these observations…
The Founder-Chairman of Selyn, Sandra Wanduragala, has been recognised by Forbes Asia in their 50 over 50 list, where they have recognised 50 women over the age of 50, from the Asia-Pacific region who have reached exceptional heights in their industries and inspiring the region’s next generation. Sandra is the only Sri Lankan female entrepreneur…
Video Story
