Politics and economics are concepts that are fundamentally intertwined. Yet the unprecedented economic crisis of 2022 highlighted the complex challenges of aligning short-term political goals with long-term economic strategies. While the sharp appreciation of the Sri Lankan rupee in recent months has been roundly welcomed by most sectors of society as a positive signal, this…
State Minister of Investment Promotion Dilum Amunugama participated in the ‘Hannover Messe 2024’ in Hannover, Germany, from April 24-26, 2024. This was the first time that Sri Lanka had officially participated at the Hannover Messe, which is considered to be the world’s leading industrial trade fair. State Minister Amunugama’s visit to Hannover Messe focused on…
VFS Global is a trusted partner to 67 client governments. It operates over 3,300 visa application centres in 151 countries and has processed over 285 million applications since its inception in 2001. Headquartered in Zurich and Dubai and backed by majority shareholder Blackstone, along with the Swissbased Kuoni and Hugentobler Foundation and EQT, VFS Global…
Sunshine Healthcare Lanka (SHL), the healthcare arm of the diversified conglomerate Sunshine Holdings PLC (CSE: SUN), has entered into an agreement for a proposed equity investment of up to LKR 3,270 million by the International Finance Corporation (IFC). Subject to satisfaction of conditions, IFC will own approximately 14.7% stake in SHL. IFC investment fortifies Sunshine’s…
NDB Bank proudly announces a groundbreaking leap in the realm of banking technology with the introduction of the country’s first wearable pay band, NDB WriztPay, in collaboration with VISA. This innovative offering redefines convenience and security in financial transactions, heralding a new era in Sri Lanka’s banking landscape. The NDB WriztPay Band, designed to seamlessly…
Labourers are skilled or unskilled persons who work in plantations, services or factories. They are wage earners who’s only possession of significant material value is their labour (Ref. Labour analysis). In (many) countries with multi party politics they are used to ignite conflicts using financial & social reasons such as caste. It’s not clear if…
Perceived Economic Opportunity Index [PEOI] 2024 Q1: January 01 to March 31, 2024 This is what we said at the end of 2023 “The fourth quarter seems disastrous from the point of view of the people. Nothing the government is doing seems to ignite hope in the people even though the macro economy is certainly…
The Sri Lanka Ports Authority (SLPA) has reported a record 48 per cent year-on-year (YoY) rise in container volumes in the first quarter (Q1 2024). The total grew from 441,032 to 652,766 TEU. SLPA ascribed this spike to a number of issues, including the Red Sea crisis and its broader ramifications. SLPA’s transshipment throughput in the…
SriLankan Airlines Statement on Flight UL 503 SriLankan Airlines wishes to clarify an incident concerning Flight UL 503 to London which was diverted to Vienna international airport in Austria due to a medical emergency. We confirm that on 1 May 2024, Flight UL 503, bound for London with 272 passengers, was diverted to Vienna due…
The Consulate General of Sri Lanka in Mumbai organised a ten days long Sri Lankan Food festival from 19-28 April 2024 in collaboration with Courtyard by Marriott in Andheri, Mumbai. The Food Festival featured authentic Sri Lankan dishes prepared by Chef Chanaka Denuwan who was flown down to Mumbai from Marriott, Weligama Bay. The Food…
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