A few months back the IMF was seen as the only savior who could put the house in order, but that belief amongst the masses has been eroded by the politicians since all austerity measures to be adopted are blamed on the IMF. Could politics and cheap talk again mess up public opinion and pave the way for a resurrection of corrupt, self-serving politicians to return to power?
For decades, China has been both a focal point of India’s foreign policy and its main rival on the international scene. The defeat in the 1962 war, China’s economic, military and political support for Pakistan and incidents at the disputed border, as in Doklam in summer 2017, have contributed to India’s concerns vis-à-vis China.
This Valentine’s Day, millions of people across Asia - and around the world - will express their feelings and celebrate the special relationships they have with their loved ones, through the exchange of cards and gifts in a tradition that can be traced back to the medieval era.
Recently, Sri Lanka celebrated the 70th Independence Day ceremoniously, giving some opportunities for the rulers as well as citizens to look back and rectify certain issues pertaining to development. Sri Lanka, like its other Asian counterparts, was conquered by invaders, mainly due to geographical importance, which even today we have not been able to properly harness. Political independence, which the nation could gain, then means the Sri Lankan
In 2009, the New York Times published an article titled: In a Digital Future, Textbooks are History. Since then, many have queried whether textbooks are needed in a digital world, given that extensive and often free online resources are now available.
A Goldilocks economy is an economy that is not too hot or cold, in other words sustains moderate economic growth, and that has low inflation, which allows a market-friendly monetary policy. The name comes from the children’s story Goldilocks & the Three Bears. The U.S. economy of the mid- to late-1990s was considered a Goldilocks economy because it was “not too hot, not too cold, but just right’.
The world economy appears to be booming – in its latest World Economic Outlook Update, published on January 22, the International Monetary Fund (IMF) estimated that global gross domestic product (GDP) grew by 3.7 percent last year, up from 3.2 percent in 2016, which is the fastest rate of expansion since 2011.
There are economically sensitive things the investors are actually interested in, when their investment decisions are made, the big part of which is how the economy performs. However, investor sentiments are manipulated by common as well as specific factors, which make investors either optimistic or pessimistic on the economy.
Rightly or wrongly, the developing countries may see themselves in competition for financing from the US $ 10 billion Green Climate Fund (GCF)—the flagship fund for adaptation and mitigation investment under the UN Framework Convention on Climate Change.
The first Labour Demand Survey (LDS) in Sri Lanka, conducted by the Census and Statistics Department, recorded nearly half a million vacancies in the private sector. A large portion of these vacancies are found to be in routine and non-routine manual jobs.
The freshly-signed Sri Lanka-Singapore Free Trade Agreement (SLSFTA) marks a new milestone in the relations between the two island economies. The agreement, signed on January 23, 2018, after almost 18 months of negotiations, is a modern, comprehensive and high-quality agreement.
“It is for the people of Asia to run the affairs of Asia, solve the problems of Asia and uphold the security of Asia,” Chinese President Xi remarked at the 2014 Conference on Interaction and Confidence-Building Measures in Asia.
Cost of production From 1980 to 1991, under state management, the average cost of production (COP) for a kilogramme of tea was 140 percent relative to the daily wage of a worker. After privatization, the regional plantation companies (RPCs) managed to contain the COP to 90 percent of the labour wage. If extrapolated under the ‘ceteris paribus’ conditions, the current COP should be in the region of Rs.1022.
As we all know, President Maithripala Sirisena has sought the opinion of the Supreme Court that whether he, as the person elected on January 9, 2015, has any impediment to continue in the office of President for a period of six years. In terms of Article 30(2) of the 19th Amendment, the president will hold office for a term of five years.
SLCERT warns WhatsApp users against sharing OTPs to prevent hacking
IMF review for Sri Lanka delayed
Canada issues travel advisory over serious risk in Arugam Bay
More countries issue travel advisories
Sri Lanka Tourism invites global travellers for upcoming season
Udaya Gammanpila vows to impeach President in next Parliament
Rs. 10 million contract killing averted