REUTERS: Oil prices rose more than $1 on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen’s Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a Saudi Arabian-led coalition.
REUTERS: The World Bank on Tuesday cut its forecasts for economic growth in the United States, the Euro area and China and warned that high debt levels, rising income inequality and new coronavirus variants threatened the recovery in developing economies.
While Sri Lanka’s unemployment rate edged up to 5.2 percent in the third quarter of 2021 (the latest available data), it appears that the ongoing cooking gas shortage is providing new job opportunities to people, helping the government to counter increasing joblessness in the economy.
The Rs.229 billion relief package announced by the government a week ago will reduces Sri Lanka’s scope for fiscal and debt consolidation, though it could support economic recovery, Moody’s Investors Service said in a brief statement today.
Sri Lanka’s pristine beaches and lush green mountains were used to be the main attractions for international travellers, however, this time round it is the commercial capital of Colombo that is recommended by CNN Travel.
The Bill & Melinda Gates Foundation has offered to assist the Information and Communication Technology Agency of Sri Lanka (ICTA) in the development of Farmer Data Management Systems and Digital Strategy of Sri Lanka’s agriculture sector.
Central Bank of Sri Lanka (CBSL) Governor Ajith Nivard Cabraal took to Twitter today to stress that no instructions have been given to banks to force customers to convert balances in their foreign currency accounts.
The global apparel sector will have to walk the talk in 2022 in their efforts towards tackling climate change as end consumers will want to see the ambitions being turned into reality sooner than later, analysis by Investment Insights highlighted.
India-Sri Lanka ferry service operates smoothly
Tourist arrivals surpass 63,000 in first half of October
EDB gets new chief
Colombo welcomes Cinnamon Life