Sri Lanka to reach agreement with external creditors signaling the end of bankruptcy
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Weekly Economic Review
Economic indicator Highlights of the Week
* During the period under review (15.06.2024 to 20.06.2024), crude oil prices held around US dollars 85 per barrel exhibiting an increasing trend mainly owing to stronger demand outlook and supply concerns stemming from escalating conflicts in Europe and the Middle East.
Egyptian pilgrims 'totally abandoned' in Hajj heat
Hundreds of people are thought to have died amid soaring temperatures at the Hajj pilgrimage in Saudi Arabia. Those who have perished come from more than two dozen countries, with most fatalities from Egypt. The BBC visited one community there which has lost more than 20 people.
Actor Donald Sutherland dies aged 88
The Canadian actor Donald Sutherland, star of films including The Hunger Games and Don't Look Now, has died at 88 after a long illness.
Increasing women’s political representation can eradicate corruption
Increasing the representation of women in the political field without party differences will make it possible to create a country free from corruption and fraud, Education Minister Susil Premajayantha said.
Jaishankar seeks non-derailment of India-funded projects under incoming government
With the prospect of elections in Sri Lanka, visiting Indian External Affairs Minister Dr. S. Jaishankar reportedly said in his meetings here that it is important that India-funded projects such as renewable energy projects are not derailed by any incoming government.
Veterinary faculty explores nutritious dairy and medicine from donkey milk
An experiment is underway at the Veterinary Medicine and Animal Science Faculty to explore the possibility of producing nutritious dairy products, including cheese, as well as medicine for skin diseases, from the milk of domesticated donkeys.
Int’l university at Port City Colombo set to elevate regional education
Port City Colombo is set to become the engine of Sri Lanka’s future economic development by opening up opportunities for local and international university level students to pursue academics in diversified fields of study.
Bills promoting LGBTQ and transgender rights a threat to local culture: Buddhist Congress
The All Ceylon Buddhist Congress (ACBC) yesterday criticised two bills now pending before Parliament- Women Empowerment Bill and Gender Equity Bill - saying that they, if enacted, would promote LGBTQ rights and transgender rights compromising on the local culture, ethos and values.
Sri Lanka plans development bank to boost industries
President Wickremesinghe says establishment will help facilitate funding to improve competitiveness of industries
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Judge orders railway to pay Washington tribe nearly $400 million for trespassing with oil trains
BNSF Railway must pay nearly $400 million to a Native American tribe in Washington state, a federal judge ordered Monday after finding that the company intentionally trespassed when it repeatedly ran 100-car trains carrying crude oil across the tribe’s reservation.
Bus collision in Ranala injures nearly 50 including students
A private bus and a school bus collided head-on in the Ranala area, resulting in injuries to almost 50 including students.
President unveils plans for talks with creditor countries
President Ranil Wickremesinghe made a series of significant announcements aimed at revitalizing Sri Lanka's economy at the International Industry Expo 2024.
AI frenzy makes Nvidia the world's most valuable company
Chip-maker Nvidia became the world’s most valuable company after its share price climbed to an all-time high on Tuesday.