Ever heard of the “Dead Horse Theory”? It’s a hilarious way to explain how people, companies, and even whole countries handle obvious, hopeless problems — by doing everything except admitting the problem is unsolvable. The basic idea is simple: If you realize you’re riding a dead horse, the smartest thing to do is get off…
Colombo: Women’s participation in Sri Lanka’s tourism and hospitality industry remains below 10%, according to Russell Clements, the General Manager of Public and Cultural Relations at Uga Ulagalla Resort. Clements highlighted that parental concerns about safety and the challenges of sustaining a career in the hospitality sector discourage many young women from entering the field. ““Parents’…
Maarit Kohonen Sheriff, Director of the Global Operations Division at the UN Office of the High Commissioner for Human Rights, has called on the Sri Lankan government to lift unnecessary regulations and restrictions on civil society and independent media to revive civic space. Speaking at the 58th Session of the Human Rights Council, Sheriff emphasized…
The spot gold price is trading at record highs and targets the psychological $3000 mark amid flight-to-safety inflows due to growing uncertainties regarding the Ukraine-Russia war and US President Trump’s tariff threats. Support can now be spotted around the recent record highs at $2942 to $2940, which because of inverse polarity, might act as a…
President Anura Kumara has increased the Aswesuma (Relief) benefits as a Christmas gift, according to a social media post by his Media Director General, MP Najith Indika. Aswesuma refers to a transitional assistance provided to alleviate poverty using the taxes collected from the public, and not a gift distributed by politicians. Welfare benefits should not…
The number of tourists who visited Sri Lanka this year surpassed 2 million as of today. Today, 53-year-old Prasan Inokanunt, a journalist from Thailand, and his wife arrived in Sri Lanka, marking the milestone of the 2 millionth tourist this year. A special ceremony was held at Bandaranaike International Airport Katunayake to welcome the couple….
The Gross Domestic Product (GDP) of the country has shown a positive growth of 5.5% in the third quarter of 2024, according to the Department of Census and Statistics. The GDP, which stood at Rs. 2,987,544 million at constant prices (2015) in the third quarter of 2023, increased to Rs. 3,151,941 million in the corresponding…
The Cabinet of Ministers has approved the proposal for the restructuring of international sovereign bonds by way of swapping existing bonds for new bonds in accordance with the parameters indicated in the debt sustainability analysis conducted by the International Monetary Fund (IMF). In June 2024, the Government of Sri Lanka reached a final agreement on…
Sri Lanka’s entrepreneurship rate stands at just 3% of the working population, significantly trailing regional counterparts, according to Dhanuka Liyanagamage, Director of the National Enterprise Development Authority (NEDA). He addressed the issue at the Global Entrepreneurship Week (GEW) 2024 launch event held at the Ceylon Chamber of Commerce. “Only about 3% of the working population…
Mastercard Country Manager for Sri Lanka and Maldives, Sandun Hapugoda, emphasized the critical role of digital transformation for micro, small, and medium-scale enterprises (MSMEs) in Sri Lanka, which make up 19% of the country’s establishments. Speaking at the launch event of Global Entrepreneurship Week (GEW) 2024, organized by the Ceylon Chamber of Commerce, Hapugoda underlined…
