The only lifeline for Sri Lanka for the recovery from the current economic crisis and achieving long-term economic development seems to be the programme sponsored by the International Monetary Fund (IMF) initiated by former President Gotabaya Rajapaksa in March 2022.
The process leading up to the presidential election has commenced. With the death of one contestant on Thursday and the withdrawal of another thirty-eight out of forty candidates who placed their deposits will be contesting the elections.The ballot paper is expected to be 27 inches long if the paper is printed single column and between 11 - 12 inches if the paper is printed double column!
Sri Lanka decides. Nor really. Geopolitics also decides for Sri Lanka. Elections are not entirely won and lost based on the people’s verdict. Yes, outsiders are interested in Sri Lanka’s election and work to ensure the party or candidate they favour wins.
Sri Lanka needs rapid economic growth to overcome the current crisis. At the Public Finance Lounge hosted by Verité Research on July 5, 2024, I highlighted that such growth is difficult to envision given the limited balance sheet capacity in the banking system.
Which one of these is worse? First, a Sri Lankan diplomat was ordered to pay her former domestic aide over AUD half a million in unpaid wages and interest, pending further charges for violating Fair Wage laws in the Down Under.
In Europe Russia and Ukraine have been at war since February 24, 2022. The Office of the United Nations High Commissioner for Human Rights (OHCHR) verified a total of 35,160 civilian casualties as of 31 July 2024. Of them, 23,640 people were reported to have been injured. However, OHCHR specified that the real numbers could be higher.
Ousted Prime Minister Sheikh Hasina’s escape to India seeking sanctuary from angry Bangladeshis earlier this month, and the destruction of the relics of her father and founder of Bangladesh, Sheikh Mujibur Rahman, exemplify the fate of dictators across the world.
By Resolution 46/1 on “Promoting reconciliation, accountability and human rights in Sri Lanka”, the UNHRC tasked the Office of the UN High Commissioner for Human Rights (OHCHR) “to collect, consolidate, analyse and preserve information and evidence and to develop possible strategies for future accountability processes for gross violations of human rights or serious violations of international humanitarian law in Sri Lanka.
The Election Commission will be the centre of attention today as 40 candidates will be handing in their nominations for the Presidential Election of September 21. This is in the midst of crossovers, confusion and contradictions over who is really supporting whom and for what reason.
In terms of the Economic Transformation (ET) Act, the overall transformation methodology of the economy consists of following steps viz. to repeal the Board of Investments (BOI) Law No. 04 of 1978, to establish Investment Zones Sri Lanka
The World Bank Group has launched a high level council to address a looming job crisis. According to a press release issued by the World Bank, the High-Level Advisory Council on jobs, will launch an initiative that will identify actionable policies and programmes to address the earmarked jobs crisis in the Global South.
From the time Ranil Wickremesinghe returned to the seat of power as Prime Minister and later as President, false narratives have been concocted and circulated by his opponents, adversaries, critics and detractors about him.
SL exits ’Restricted Default’ rating
SriLankan airlines hosts agents’ tour to Gan island
First Capital crowned as Brand of the Year at SLIM Brand Excellence 2024
Bitcoin surges past $100k for first time
USAID, CBL group to boost SL’s coconut industry
crisis spirals, Govt. extends deadline for imports till January 10
Suspect dies after collapsing in Chilaw Police custody
Dayasiri defends use of President’s Fund, rejects misuse allegations