Category: Other
IMF Warns of “Significant Risk” to Global Economy Following US Tariffs
The International Monetary Fund (IMF) has issued a stark warning regarding the potential impact of newly announced U.S. tariffs on the global economy. In a statement released today, IMF Managing Director Kristalina Georgieva expressed concern over the measures, highlighting the potential for increased economic instability. “We are still assessing the macroeconomic implications of the announced […]
‘Liberation Day’ Takes US Tariff Rate Back to Level Last Seen in 1909: Fitch Ratings
US tariffs have reached levels that are transforming the global economic outlook, significantly raising US recession risks and constraining the Federal Reserve’s ability to lower interest rates further, says Fitch Ratings. The “Liberation Day” tariff increases outlined by the US government on 2 April sharply exceeded the already steep rises assumed in our March 2025 Global […]
MEDIQUIPMENT powers Sri Lanka’s healthcare with South Asia’s first AI-powered radiology equipment
MEDIQUIPMENT Limited, a leading provider of cutting-edge medical technology, has once again redefined healthcare standards in Sri Lanka with the successful installation of South Asia’s first-ever Artificial Intelligence-driven (AI) Magnetic Resonance Imaging (MRI) scanner at Nawaloka Hospitals PLC. This milestone reflects MEDIQUIPMENT’s unwavering commitment to advancing medical diagnostics by equipping healthcare providers with the most […]
Celebrating progress and partnerships: EZVIZ’s new product launch in Sri Lanka
EZVIZ, a global leader in smart home security solutions, proudly hosted its event, ‘EZVIZ: LEADING SMART HOME EMPOWERMENT 2025’ at Cinnamon Life last week. The event brought together esteemed partners, distributors, and stakeholders to celebrate their remarkable journey in Sri Lanka, express gratitude to their valued partners, and unveil the latest innovations designed specifically for […]
& Zenbook 14
ASUS, a Taiwanese tech giant is set to push the boundaries of innovation with its latest lineup of AI-powered laptops offering versatile performance, stunning design, and multiple use case options for enhanced productivity and entertainment. The brand’s first lineup of 2025 not only caters to a new segment but also makes AI more accessible than […]
Prime Minister of India Narendra Modi to undertake a State visit to Sri Lanka
The Prime Minister of India Shri Narendra Modi will be undertaking a State visit to Sri Lanka from 04 to 06 April 2025. During this visit, Prime Minister Modi is expected to hold bilateral talks with President Anura Kumara Disanayaka and Prime Minister Dr. Harini Amarasuriya. While in Sri Lanka, the Indian Prime Minister is […]
South Asian University, New Delhi expands academic offerings and opens admissions
South Asian University (SAU), established with the vision of “Knowledge Without Borders,” has announced the commencement of admissions for the 2025-26 academic session. The announcement was made by Prof. K K Aggarwal, President of SAU, a distinguished pioneer in computer and electronics engineering in India, who reaffirmed the university’s commitment to delivering world- class education […]
Seafoods, Seacucumber, and Seizing Opportunity in Jaffna
By Jekhan Aruliah Mr Ganendran is from Navaly, near Manipay Jaffna. Born in 1975 to a Christian Catholic family, Ganendran had his schooling from Grade 3 to A’Levels at St Patrick’s College. St Patrick’s is one of the leading Jaffna schools, not far from Jaffna Fort. In the midst of the Sri Lankan Civil War, […]
UK Sanctions do not assist but serve to complicate national reconciliation process in SL: FM
The Ministry of Foreign Affairs, Foreign Employment & Tourism takes note of the Press Release dated 24th March 2025, issued by the UK, Foreign Commonwealth & Development Office (FCDO) entitled “UK Sanctions for Human Rights Violations and Abuses during the Sri Lankan Civil War”. As stated in the press release, the UK government has imposed sanctions on four […]
Central Bank Issues Warning Against Pro Care Pyramid Schemes, Citing Banking Act Violations
The Central Bank of Sri Lanka has determined Pro Care (Pvt) Ltd., Shade of Procare (Pvt) Ltd have engaged in a scheme prohibited under Section 83 (C) of the Banking Act, No. 30 of 1988, as amended. Further, the following Companies/Apps have also been determined as prohibited schemes under Section 83 (C) of the Banking […]
World Growth Forecasts Cut Sharply as US Starts Global Trade War: Fitch Ratings
The new US administration has started a global trade war that will reduce US and world growth, push up US inflation and delay Federal Reserve rate cuts, Fitch Ratings believes. We have cut both our US 2025 growth forecast to 1.7% from 2.1% in the December 2024 Global Economic Outlook (GEO) and our 2026 forecast to 1.5% […]
Register for Free EducationUSA University Fair 2025: Helping Students Begin Their U.S. Education Journey
The U.S. Embassy in Sri Lanka, in partnership with the U.S.-Sri Lanka Fulbright Commission, is pleased to announce that EducationUSA, the U.S. government’s official source of information on U.S. higher education, will host a U.S. university fair in Colombo, Galle, and Matara from March 20-22, 2025. Students seeking admission in undergraduate, post-graduate, and doctorate programs […]