Sri Lanka-Thailand Free Trade Agreement to be signed in first quarter of 2024
The fourth round of negotiations on the proposed Sri Lanka-Thailand Free Trade Agreement (SLTFTA) was held in Colombo from 27 to 29 March 2023. On March 26, a …
World
Foreign Minister Ali Sabry to visit Saudi Arabia
Minister of Foreign Affairs Ali Sabry is scheduled to make an official visit to the Kingdom of Saudi Arabia from 23-27 January 2023 on an invitation of the …
Haircut in Chinese context politically very difficult but discussions continue: Kristalina Georgieva
International Monetary Fund Managing Director Kristalina Georgieva says that a haircut in the Chinese context is politically very difficult even though there …
Sharp, Long-lasting Slowdown to Hit Developing Countries Hard: World Bank
Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of …
New UNDP Resident Representative takes office
Azusa Kubota presented her credentials on 9 January 2023 to the Ali Sabry, Minister of Foreign Affairs, officially taking office as the new Resident …
Fitch 2023 Outlook: Most Sovereign Sector Outlooks Deteriorating, Global Rating Prospects More Balanced
Fitch Ratings’ ‘deteriorating’ 2023 sector outlook for global sovereigns reflects weaker global economic growth, rising funding costs and pressures from …
World Growth Forecasts Cut Again as Inflation Fight Intensifies
World GDP forecasts for 2023 have been revised down again as central banks intensify their fight against inflation and the outlook for China’s property …
The world population reaches 8 billion people
Our world is approaching a landmark moment in human history. On 15 November 2022, the global population is projected to reach 8 billion people. Thanks to …
Korea and Sri Lanka marks 45th Anniversary of diplomatic relations
By Korean Ambassador Santhush Woonjin JEONG Ayubowan, Vanakkam, Annyonghasimnikka (Korean greeting) I am the Ambassador of the Republic of Korea to Sri Lanka, …
New GBP 3m UK Humanitarian support for Sri Lanka
Today, the UK announced a £3 million humanitarian package for Sri Lanka, providing vital support to the most in need. British High Commissioner Sarah Hulton …
Senior Japanese Parliamentarian on a fact-finding mission to help Sri Lanka
Senior Japanese Parliamentarian Matsushita Shinpei of Liberal Democratic party met Prime Minister Dinesh Gunawardena today (20) at the Prime Minister’s …
Fitch Ratings Slashes Global GDP Forecasts on Supply Shocks, Faster Rate Rises
The European gas crisis, high inflation and a sharp acceleration in the pace of global monetary policy tightening are taking a heavy toll on economic …
Korean Envoy encourages more investment & trade between Korea and Sri Lanka
On 7th September 2022, an Interactive Session on business opportunities and experience sharing between Sri Lanka and Korea was organised by the Sri Lanka-Korea …
Global Food Price Inflation Likely to Fall Sharply in 2023: Fitch Ratings
World grain prices have fallen sharply in recent weeks, raising the prospect of a sharp drop in annual CPI food inflation next year, says Fitch Ratings in its …
Russian Ambassador calls on Foreign Minister Peiris
Ambassador of the Russian Federation to Sri Lanka, Yury Materiy, called on the Minister of Foreign Affairs, Professor G.L. Peiris yesterday at the Ministry of …
US State Secretary discusses Sri Lanka’s economic & political challenges with PM Wickremesinghe
United States Secretary of State Antony J. Blinken spoke today with Sri Lankan Prime Minister Ranil Wickremesinghe, the US Department of State said. …
A Sri Lankan Nomad shares his experience at the Geographic South Pole in Antarctica
I always had the idea in my head that I would visit the South Pole one day, but the actual planning happened sometime in August 2021. In a year there is only a …
Rise in Global Inflation Widespread and Persistent: Fitch Ratings
The pick-up in global inflation has been widespread and persistent and has shown few signs of having peaked, according to Fitch Ratings’ latest ‘20/20 …
Fitch Ratings Now Forecasts Two Fed Rate Hikes This Year, Four in 2023
Fitch Ratings expects the Fed to raise rates twice in 2022 and four times in 2023, taking the Fed funds rate (upper bound) to 1.75% by end-2023 from 0.25% …
Temporary closure of identified Sri Lanka missions overseas to conserve foreign reserves
The Foreign Ministry has taken a decision to temporarily close three of its Missions / Posts overseas, i.e., the Sri Lanka High Commission in Abuja, Nigeria; …