The collapse of the Zimbabwe dollar against major currencies has fueled inflation,

The Sri Lanka State Engineering Corporation (SLSEC) has decided to sell land at Peliyagoda to pay salaries, arrears of salaries and EPF contributions for employees in the corporation and the National Machinery and Equipment Authority.

Food items containing artificial, natural and nature-identical flavours that are highly harmful to the human body are becoming increasingly common in the Sri Lankan food market, health officials pointed out.

The Ministry of Transport has decided to introduce a bus transport service without conductors from July 1st, on the instructions of Transport Minister Dr. Bandula Gunawardana.

Former West Indies captain Carl Hooper warned Saturday that the two-time world champions can sink "even lower" if they fail to qualify for the 2023 World Cup.

Usman Khawaja ended his decade-long wait for a maiden Test hundred in England as he led an Australia recovery in the Ashes opener at Edgbaston on Saturday.

The Forecasting Division of the National Meteorological Centre said today that cloudy skies will prevail over the Northern, North-Central and Eastern provinces. Meanwhile, they said showers would occur in the Western, Sabaragamuwa, Central and Northern Provinces and in the Galle, Matara and Trincomalee districts.

President puzzled about media freedom concerns

“Our Penal Code used to include a provision for criminal defamation, which I have removed”

President Ranil Wickremesinghe left the island for an official visit to the United Kingdom (UK) and France early this morning.

Air pollution exposure leads to non-communicable diseases as well

Air pollution in Sri Lanka is on the rise, it is vital to adopt safety measures to keep diseases associated with air pollution at bay
It is essential to expand use of clean fuels and technologies to reduce household air pollution and protect health

Import of vehicles cannot be allowed at this moment under the prevailing economic situation, State Minister of Finance Ranjith Siyambalapitiya said today.

Due to an ongoing strike launched by the Government Pharmacists' Association, issuing of medicines at government Hospitals across the country has come to a standstill, sources said.

Canada’s Foreign Ministry informs SL that no finding on genocide in Sri Lanka

However, the Canadian PM renewed the narrative of genocide on May 18, 2023

Turning a new page in passenger transport, David Pieris Motor Company (Private) Limited, Sri Lanka’s largest automotive company, yesterday launched E-drive, a model electric three-wheeler (tuk-tuk) taxi service for public transportation for the first time in Sri Lanka.

Sri Lanka junior Netball team came back strongly to beat Chinese Taipei 83-17 and secured a semi final berth at the Asian Junior Netball Championship played in South Korea yesterday.

Shortcomings in the Inland Revenue Act have hampered the collection of a whopping over Rs.900 billion in tax revenue to the state coffers, an MP said.

A 24-year-old woman has confessed to amassing over Rs.100 million in wealth, including property and luxury motor vehicles through earnings from sex work.

An earthquake of magnitude 6.3 struck the Philippines' main island on Thursday, authorities said, halting some railway operations in the capital Manila.

Rwanda experienced a significant boost in Foreign Direct Investment (FDI) in 2021, attracting $399.3 million, marking a substantial 45.7 percent increase compared to the $274.1 million registered in 2020. This remarkable growth in FDI can be attributed to favorable investment conditions and the utilization of both debt and equity instruments, resulting in an 8.5 percent surge in FDI stocks, which reached $2.9 billion.

These figures are contained in the Foreign Private Capital (FPC) census report of 2022, released by the Central Bank in early June 2023. The FPC census report encompasses equity and non-equity foreign investments, encompassing FDIs, portfolio investments, and other forms of investments. ALSO READ: Govt mulls direct investment in low-cost housing projects The largest portion of FDI originated from Mauritius, accounting for 30.5 percent, primarily invested in the financial, ICT, manufacturing, and electricity sectors. India followed with 17.9 percent invested in construction, and China with 17.6 percent invested in tourism and manufacturing. Mauritius, Kenya, South Africa, the USA, and India were the major sources of FDI stocks. FDIs remain the primary contributor to the country's foreign private capital investments, displaying a strong recovery from $386.4 million in 2020 to $543.8 million in 2021, an increase of 40.7 percent.

The rise in FPC inflows can be attributed to the recovery of economic activities from the poor performance induced by the COVID-19 pandemic in 2020. Rwanda's total FPC stock stood at $4.1 billion at the end of 2021, the report reveals. However, the report acknowledges that the global business and cross-border investment landscape experienced significant changes in 2022 due to the Russia-Ukraine conflict, exacerbating the lingering effects of the COVID-19 pandemic. These factors have led to a triple crisis involving food, fuel, and finance in many countries across the world. ALSO READ: Weak outlook for Foreign Direct Investment in 2021 The report also highlights that Rwanda's return on investment (ROI) increased to 11.8 percent in 2021 from 9.7 percent in 2020, positioning it well above the global average despite the impact of the pandemic. In contrast, Africa's FDI flows reached $83 billion in 2021, up from $39 billion in 2020, accounting for 5.2 percent of global FDI. Despite the economic challenges, Rwanda remains committed to promoting various FDI opportunities, including manufacturing, infrastructure, energy distribution and transmission, off-grid solutions, agriculture and agro-processing, and ICT. As an example, the Manufacture and Build to Recover program was introduced, providing tax incentives to investors in these priority sectors, resulting in $1.2 billion worth of investments during its initial phase. Under the second phase of this program launched in March 2023, Rwanda aims to attract investments worth $2.5 billion.

Provided by SyndiGate Media Inc. (Syndigate.info).

Accra, June 14, GNA – Ghana’s year-on-year inflation for May increased to 42.2 per cent up from 41.2 per cent in April, the Ghana Statistical Service said on Wednesday.