Category: Other

Sri Lanka elected to the Executive Board of the UNESCO

Sri Lanka was elected to the Executive Board of the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the term 2023-2027, during the 42nd General Conference of the inter-governmental organization, on 15 November 2023 in Paris. Sri Lanka obtained 144 votes out of 188 member states voting at the said election, co-securing the 3rd highest vote […]

Siddhalepa honors Asian Games gold medalist Tharushi

Siddhalepa, a respected name in natural healthcare, took the opportunity to honor and appreciate the outstanding achievements of Tharushi Karunarathna, the young Sri Lankan track and field athlete who made history with her remarkable performance at the 19th Asian Games in Hangzhou, China last month. Tharushi, with her determination and prowess, secured a gold medal, competing […]

spices

Government pledges support for spice industry revival

President Ranil Wickremesinghe, called for a comprehensive program to revive the country’s spice industry, which was once a major source of income. Speaking at the 19th Annual General Meeting of the  Spice Council, he urged them to prepare a proper plan for the revival of the industry and said that the government is ready to […]

IMF Executive Board Approves a Proposal to Increase IMF Quotas

The IMF Executive Board approved today a proposal to be considered by the Board of Governors to conclude the 16 th General Review of Quotas (16 th Review) with a significant increase in quotas. The proposal follows the guidance from the International Monetary and Financial Committee (IMFC) at the 2023 Annual Meetings. “Concluding the 16 th Review with a quota increase will help preserve a […]

Government urged to crack down on tax evaders instead of taxpayers: Harsha

In a press conference held yesterday, MP Harsha de Silva, Chairman of the Committee on Public Finance, shed light on the government’s tax collection efforts, revealing significant shortfalls in expected revenue. His comments have ignited a debate on the fairness of the current tax collection system and whether the government should prioritize collecting taxes from […]

Sujeewa Lal Dahanayake elected as President-Elect at OPA AGM

Attorney-al-Law Sujeewa Lal Dahanayake was elected as the President-Elect at the Organization of Professional Associations (OPA) at the Annual General Meeting which was held on the 27th of October, 2023. Dahanayake, who was General Secretary over the past year, has served in various capacities at the OPA over the last 10 years. Founded in 1975, […]

RIU logo

‘s real estate market trends

In a significant stride towards fostering transparency and informed decision-making within South Asia’s real estate landscape, the Research Intelligence Unit (RIUNIT) unveiled a series of reports during the 8th Islamic Finance Forum of South Asia, held on recently at the Shangri-La hotel in Colombo. These reports provide a holistic view of the real estate markets […]

Global Bond Yields Climb as US GDP Growth Picks Up: Fitch Ratings

Global Bond Yields Climb as US GDP Growth Picks Up: Fitch Ratings

Global bond yields have risen significantly in recent months as US economic growth has picked up, supported by strong consumer spending and job creation. The rise in yields in the US and Europe is despite signals from central banks that policy interest rates are approaching peaks and clear evidence that monetary tightening to date is […]

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