Chinese imports surpassed Indian imports in early 2024
As the Sri Lankan economy recovered, imports from China have also recovered steadily in the first two months of this year, surpassing India, according to SRILANKA-CHINA ECONOMIC BRIEF ISSUE 1…
Bangladesh-Sri Lanka Trade Ties: Issues and Prospects
By Muhammad Estiak Hussain Bangladesh and Sri Lanka are two friendly neighbors from South Asia. Although the formal diplomatic relations were established in 1972, the relationship goes beyond that dating…
Sri Lanka And Bangladesh Keen To Import Ethanol From India
Bangladesh and Sri Lanka are keen to start importing ethanol from India. Nitin Gadkari, India’s Minister of Road and Transport Highways announced that the issue has already been discussed with…
Sri Lanka Agripreneurs’ Forum holds the second AGM after serving the country’s crisis-hit agricultural sector as a professional agri-entrepreneurial organization
As the country’s agriculture sector starts to recover, Sri Lanka Agripreneurs’ Forum (SLAF) held its 2nd Annual General Meeting on 31st August 2022 at the Institution of Engineers Sri Lanka,…
UN Secretary-General Calls Governments to tax ‘Immoral’ Profits of Oil and Gas Companies
As the war in Ukraine continues to rage, skyrocketing energy prices are compounding an existential cost-of-living crisis for hundreds of millions of people, warned the UN Secretary-General’s Global Crisis Response Group (GCRG)…
Airlines cuts capacity and import cargo amidst jet fuel crisis
Sri Lanka’s economic crisis and lack of fuel has resulted in airlines cutting capacity to the country and embargoing inbound cargo. The lack of passengers and fuel, which airlines have…
War in Ukraine raises global shipping costs, stifles trade – UNCTAD
The UN Conference on Trade and Development (UNCTAD) says the war in the Ukraine is stifling trade and logistics of the country and the Black Sea region, increasing global vessel…
Crisis-hit Sri Lanka plans to deploy Army, Civil Defense Force, and Prisoners to cultivate food
In the face of the current food crisis, the Minister of Agriculture and Minister of Wildlife and Forest Resources Conservation, Mahinda Amaraweera announced that plans are underway to deploy Army…
Crisis in Colombo port drives shipping lines to alternative routes
Due to the ongoing political unrest in Sri Lanka, shipping lines are going for transshipment routes that do not pass through the port of Colombo for the transport of goods…
A Sri Lankan Household Spends Nearly a Quarter of Average Monthly Expenditure on One Full Tank of Petrol
Following the latest fuel price increase, a full tank (45 Liters) of Petrol (Octane 92) now accounts for almost 1/4th of average monthly household expenditure in Sri Lanka as measured…