ECONOMYNEXT – Pakistan and Bangladesh are the top two countries where funds have been barred from repatriating sales revenues to airlines by government controls by the end of October 2024, according to International Air Transport Association data. Governments have blocked…
ECONOMYNEXT – Syria’s Al-Assad family rule that started in 1971 with a military coup by the last President, Bashar al-Assad’s father, Hafez had ended with rebel groups entering the capital Damascus, media reports said. Qatar-based Al Jazeera network reported celebratory…
ECONOMYNEXT – Moody’s Investors’ Service, said it was provisionally rating Sri Lanka’s bonds to be exchanged for defaulted securities as ‘Caa1’ and has put the ‘Ca’ national rating on watch for upgrade. Sri Lanka announced a bond exchange which it…
By Jekhan Aruliah I often walk past the SLIIT Northern Uni building in Jaffna at the junction of Arasadi and Palaly Road on my way from my place to Jaffna Town. I watched last year, 2023, with great interest as…
ECONOMYNEXT – The Colombo Stock Exchange closed down on Monday, data on its site showed. The broader ASPI closed down 1.44 percent, or 187.62 points, at 12,866; while the more liquid S&P SL20 Index closed down 1.98 percent, or 76.52…
ECONOMYNEXT – Sri Lanka has begun talks with the International Monetary Fund to craft a new staff level agreement to pass the next review of its program and maintain it through 2025. A staff level agreement with a budget according…
ECONOMYNEXT – Sri Lanka’s state spending is running sharply below budget, official data show, with the central bank also providing exceptional monetary stability bringing prices down absolutely. Recurrent expenditure grew only 4.4 percent to 2,042 billion rupees by August 2024,…
ECONOMYNEXT – Sri Lanka’s new government has instructed state officials to expedite key educational projects including modernizing school education, improving teacher training, advancing secondary education,enhancing technical education, and developing information technology education,the President’s Media Division (PMD) said. All the projects…
ECONOMYNEXT — Sri Lanka’s cabinet of ministers has approved a proposal to train 7,500 school teachers from around the island in robotics and artificial intelligence (AI) with a STEAM education approach incorporating information technology, biotechnology, engineering and mathematics. A statement…
ECONOMYNEXT – Sri Lanka could face below average rainfall from October if La Niña conditions develop in the Southern Pacific Ocean, leading to a reduced Maha season rice crop in 2025, weather forecasters have warned. While El Niño conditions, linked…
