Global Economy

Covering international economic developments, trade relations between countries, and geopolitical events that impact the global economy.

Global Economy

Japan’s Grant Assistance to Sri Lanka: Strengthening Bilateral Relations and Socio-Economic Development

The Government of Japan has recently responded to a request from the Government of Sri Lanka by offering grant assistance amounting to Japanese Yen one thousand and six hundred million (approximately Rs 3.3 billion). This aid falls under the Japanese Economic and Social Development Programme and is allocated to address the diverse needs across several

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Global Economy

Expolanka Delisting Offer Seen Favorably by Asia Securities

Asia Securities, a Sri Lankan investment firm, views the voluntary exit offer made to minority shareholders of Expolanka Holdings Plc (EXPO) as a positive development. In a recent report on the logistics sector, Asia Securities analyzed the offer in the context of a normalizing freight market post-pandemic. EXPO’s share price surged in 2021 and 2022,

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Business Global Economy

Home Lands Group Expands to Australia with New Melbourne Office

The Home Lands Group of Companies, a leading Sri Lankan real estate developer, announced yesterday the launch of Home Lands (Melbourne) PTY Ltd. This marks a significant expansion for the company, establishing their first international venture in Australia. Located at 184 Whitehorse Road, Blackburn, VIC 3130, Home Lands (Melbourne) is a full-service real estate agency

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Global Economy Tech

Sri Lankan Firm Surge Global Scores Big in Qatar with GBM Partnership

Sri Lankan design, technology, and marketing firm Surge Global has secured a major win in the Qatari market through a strategic partnership with Gulf Business Machines (GBM) Qatar. This collaboration not only marks a significant milestone for Surge Global but also positions them as a key player in delivering cutting-edge digital transformation solutions across the

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Global Economy Global News

Kristalina Georgieva Seeks Second Term as IMF Chief

Kristalina Georgieva, the head of the International Monetary Fund (IMF), is set to run for a second five-year term. This news follows nominations from Bulgaria, her home country, and a string of European nations. Georgieva, a Bulgarian economist known for advocating climate-conscious policies, has garnered significant support. France, through its finance minister Bruno Le Maire,

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Global Economy Sri Lanka News

Turkish Inflation Soars, Sparking Debate on Central Bank Policy

Turkey’s battle against inflation took a sharp turn for the worse in February, with the annual rate surging to a 15-month high of 67.07%. This exceeded analyst expectations and reignited concerns about the effectiveness of the central bank’s monetary policy strategy. The Turkish Statistical Institute’s announcement on Monday revealed a steeper-than-anticipated rise in inflation compared

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Global Economy Global News

A Wider Than Expected Gap: The Global Challenge of Gender Equality in the Workplace

A groundbreaking new report by the World Bank Group reveals a shocking reality: the global gender gap for women in the workplace is far wider than previously thought. When factors like safety from violence and access to childcare are considered, women enjoy just 64% of the legal rights afforded to men, significantly lower than the

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Global Economy Industry Analysis

Sri Lankan Tea Industry Plots a Path to Regain its Luster

Sri Lanka’s famed Ceylon tea industry, currently grappling with various challenges, is charting a course towards regaining its past glory. A recent event organized by the Advocata Institute brought together key stakeholders to discuss and address the pressing issues threatening the industry’s competitiveness and sustainability in the global market. One of the major concerns identified

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Global Economy

China’s Global Development Initiative: A Catalyst for Sustainable Progress

In today’s interconnected world, the pursuit of development stands as a universal aspiration, transcending borders and cultures. Since the adoption of the United Nations’ 2030 Agenda for Sustainable Development in 2015, the global community has been tasked with charting a course towards inclusive and sustainable progress. However, amidst ongoing economic challenges and widening disparities between

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Global Economy

USIBC Leads Business Delegation to India Energy Week, Hails India’s Global Role

The US-India Business Council (USIBC) recently spearheaded a high-profile business delegation to the second edition of India Energy Week 2024 in Goa, expressing admiration for India’s pivotal role in driving the global energy transition. Led by Ambassador Atul Keshap, the USIBC delegation engaged in discussions with key Indian officials, including Union Petroleum Minister Hardeep Singh

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