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,
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
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,
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
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
China, once boasting an economic juggernaut, finds itself at a crossroads. While setting an ambitious growth target of 5% for 2024, Premier Li Qiang acknowledged the “difficulties” faced by the economy, highlighting ongoing challenges and the need for course correction. The immediate concerns are a struggling property sector, a volatile stock market, high youth unemployment,
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
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
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
Sri Lanka finds itself on the path to economic recovery following a tumultuous period marked by currency crises and instability. The country’s central bank, in its latest Monetary Policy Report issued in February, highlighted the significance of continuing its International Monetary Fund (IMF) program and pursuing structural reforms to sustain this recovery. The report underscored