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Oil tankers line up after Russian crude price capped

Oil tankers formed a traffic jam off the coast of Turkey on day one of the West's price cap on Russian crude, with Ankara...

No Point In Economic Reforms When We Don’t Have An Economy: Ranil

As Sri Lanka's economy went into a perpetual tailspin in recent times, Ranil Wickremesinghe acknowledged that economic reforms were not the antidote for the...

IMF-led privatisation, land and resource grab in Sri Lanka

On September 1, 2022, debt-trapped Sri Lanka reached a preliminary agreement with the International Monetary Fund (IMF) for a 48-month Extended Fund Facility of...

China invites IMF & World Bank to discuss helping Sri Lanka

China has reportedly invited the Chief of the International Monetary Fund (IMF), Kristalina Georgieva and the President of the World Bank David Malpass to...

Paris Club calls for 10-year moratorium on Sri Lanka debt

Sri Lanka's dire inability to make repayments on its enormous national debt has led the Paris Club of creditor nations to suggest a 10-year...

Macron says ‘no panic’ but use less energy

French President Emmanuel Macron said there was no reason to panic about possible power cuts in 2022’s winter, but he called on citizens to...

Sri Lanka unlikely to get IMF facility in the near future

The hopes and expectations of receiving the Extended Finance Facility (EFF) of US$ 2.9 billion from the IMF in December or January is unlikely,...

Global oil market currently in better position – Russian deputy PM

The global oil market is currently in a better state than it was two months ago, but it still has many uncertainties, including because...

10,000 ICT professionals left Sri Lanka during the crisis period

The Computer Society of Sri Lanka (CSSL) says brain drain has amongst the Information & Communication Technology (ICT) sector professionals have affected their targets...

UN assembly calls for Palestine solution

The UN General Assembly on Wednesday adopted a resolution to call for efforts to solve the question of Palestine. The resolution reiterated the assembly's call...

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