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Costly food and energy are fostering global unrest
“Money no longer had any value in Istanbul,” laments the narrator of “My Name is Red”, a novel by Orhan Pamuk set in the 16th century....
Sri Lanka Trade Development Council demands Govt. to save SMEs
Lanka Trade Development Council (SLTDC) recently demanded immediate action from the Government to protect the small and medium enterprises (SMEs) with a plan to Cabinet paper, warning they would otherwise bring all engaged in the sector to the streets.
UK Parliament suggests attaching HR conditions to IMF bailout for SL
Conservative Member of the Parliament of the United Kingdom, Eliot Colburn urged the UK Government ensure that any IMF bail-out is attached to human rights conditions, similar to that of GSP+.
As Sri Lanka’s crisis deepens , India extends more humanitarian aid
As Sri Lanka grapples with a massive economic crisis , India yesterday (June 24) delivered a humanitarian consignment containing 15,000 metric tons of essential items including rice, milk powder and pharmaceuticals to Sri Lanka.
Sri Lankans reduce the use of credit cards in economic downturn
Sri Lankans, whose real incomes are getting hammered on a daily basis from soaring inflation, have reduced the use of their credit cards, as there was a slight drop in the outstanding balance of credit cards, when the financial and economic misery became more pronounced