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Sri Lanka faces worst decline as debt crisis looms
Sri Lanka Tuesday announced its worst economic slump with second-quarter GDP plunging 16.3 percent as international concern grows over its ability to repay foreign debt. The department of Census and…
Sri Lanka plans to resume international flight operations after Christmas
Sri Lanka plans to resume international flight operations from the 26th of December allowing commercial and cargo flights to operate to Island Nation without a restricted schedule, the Civil Aviation…
Sri Lanka’s trade deficit declines in October
Sri Lanka’s trade deficit declined by $320 million to $514 million in October compared to the preceding month, the Central Bank (CB) data showed. The $ 514 million trade deficit…
Budget 2021 is unlikely to provide a meaningful boost to the economy – Moody’s
Sri Lanka’s growth-oriented budget is unlikely to provide a meaningful boost to output, according to Moody’s Investors Service. “Despite the growth focus of the budget, we do not expect it…
American investment creates jobs and not debt – Ambassador Teplitz
The United States (U.S.) expressed its strong commitment to promote and expand private sector investments aimed at employment creation in Indo-Pacific Region including in Sri Lanka as an alternative to…
Mental Wellness Is a $121B Market – Global Wellness Institute
The Global Mental Wellness economy is estimated to be over $121 billion in value, according to the first-ever global research in measuring mental wellness as a global industry. The Global…
Mike Pompeo arrives in Colombo as U.S seeks to balance China’s growing influence in the region
The United States (U.S.) Secretary of State, Mike Pompeo yesterday arrived in Sri Lanka for a two-day visit during which he would hold talks with the top Lankan leadership, as…