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Sri Lanka's central bank has decided to hike interest rates by an unprecedented 700 basis points to tame high inflation amid the worst economic crisis that has led to protests across the country and put President Gotabaya Rajapaksa under mounting pressure to resign.
The real concerns of the Samagi Jana Balawegaya are not the desperate situation facing the masses but that the growing strikes and protests by workers and the poor will challenge capitalist rule.
By Hiran H.Senewiratne The vehicle industry in Sri Lanka is now going through a major crisis due to import restrictions. As a result, more than 500,000 direct and indirect local jobs are at risk, Director, Sterling Automobiles Lanka Renuka Wijesiriwardane said. “Our company’s main business being vehicle after sales services, all stakeholders have been noticed that our business has dropped by more than 50 percent up to now, Wijesiriwardane said at the recent launch of the SterlingCars.lk website by Sterling Automobiles Lanka Pvt Ltd – one of Sri Lanka’s prominent auto...
Macksons Tower by Macksons Developers was recently launched in the city of Colombo signifying the first mixed development project by Macksons Holdings. Situated at 12, Alfred House Gardens, Colombo 3, the property offers retail and office space with ample parking, thereby providing all required facilities at a convenient location. The soft opening was held in the presence of Milfer Makeen, chairman, Macksons Holdings, Mizver Makeen, Managing Director, Macksons Holdings and Ranga Goonawardena, Director/CEO, Macksons Developers. Macksons Tower consists of of 19 levels, which is a total area of ...
By Dr. Pradeep Kariyawasam It is inevitable that the new Covid-19 strain VUI 202012/01 now spreading like wildfire in the southern parts of the UK will arrive in the country sooner than later. We are still battling with the mutant European strain in the so-called second wave of the pandemic at the moment. What would […]