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Sri Lanka bans China manufactured ‘organic’ fertilizer after detection of bacteria again

Sri Lanka banned the import of organic fertilizers manufactured in China after state agriculture authorities detected harmful bacteria in them for the second time. Director General (DG) of Agriculture, Ajantha…

Sri Lanka to End Covid Lockdown on Oct 1; Medical Experts Warn Against Reopening

Sri Lanka will end its COVID-19 lockdown enforced last month on October 1, health minister Keheliya Rambukwella said on Wednesday, even as the medical professionals warned against the unrestricted re-opening…

China’s power crunch dwarfs Evergrande’s troubles in investors’ eyes

(Reuters) – China’s power supply crunch, that has shut factories across the country, may pose a much bigger threat to the economy than the debt crisis at Evergrande Group (3333.HK), prompting…

Huawei Wins WWF Climate Solver Award 2020

Climate Action Week – 2021 Zero Carbon Mission International Climate Summit (hereinafter referred to as “the Summit”), co-organized by World Wide Fund for Nature (WWF) and Phoenix TV, was held…

TikTok hits 1 billion monthly active users globally – company

(Reuters) – TikTok hit 1 billion monthly active users globally this summer, the company told Reuters, marking a 45% jump since July 2020. The United States, Europe, Brazil and Southeast…

Sri Lanka’s Forex Crisis Worries South Indian textile and fabric exporters

South India’s textile and fabric exporters are worried that the economic crisis in Sri Lanka–India’s second-largest export destination for clothing products—may lead to a delay in payments from buyers in…

China’s Global Network of Shipping Ports Reveal Beijing’s Strategy

VOA News: A powerhouse in global trade, China has more shipping ports at home than any other country. Key investments add about another 100 ports in at least 60 nations.…

Asanga Seneviratne Back on CSE Board

The Colombo Stock Exchange (CSE) today announced the appointment of Asanga C. Seneviratne as a Directorof the CSE Board with effect from 23rd September 2021. Seneviratne has previously served on…

Seven countries, including Sri Lanka and Chile, have agreed to stop using the dirtiest fossil fuel

Seven countries have signed a pledge initiated by the United Nations to stop building new coal power plants, with the aim to gather more signatures before the global climate summit COP26 in…

Inflation Spectre Floats on Developing World’s Horizon including Sri Lanka

By Rabah Arezki and Jean-Pierre Landau As the global economy begins to emerge from the COVID-19 crisis, managing inflation risks will be much more challenging in developing countries than in…