Connect with us

Latest News

Executive Director of the IMF Calls on the Prime Minister

Published

on

Dr. Krishnamoorthy Subramanian, Executive Director of the International Monetary Fund (IMF), paid a courtesy visit on the Prime Minister, Dr. Harini Amarasuriya, at the Prime Minister’s Office.

The meeting focused on key economic matters, including Sri Lanka’s tax policy, the effective management of tax revenue, and measures to enhance public sector efficiency. The Prime Minister also outlined the government’s future development agenda, emphasizing policy initiatives to ensure economic stability and foster sustainable growth.

Dr. P.K.G. Harischandra, Alternate Executive Director of the IMF, also participated in the discussions.

The Sri Lankan delegation included  Pradeep Saputhanthri, Secretary to the Prime Minister; Ms. Sagarika Bogahawatta, Additional Secretary (Development) to the Prime Minister; Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka; Dr. C. Amarasekara, Assistant Governor of the Central Bank; Dr. Lasitha R.C. Pathberiya, Additional Director of Economic Research;  Amila J. Wijayawardhana, Senior Economist and Liaison Officer for the IMF Executive Director; Ms. Lashinka Dammullage, Director (Bilateral), Economic Affairs Division at the Ministry of Foreign Affairs; and  Samantha Bandara, Director General of the Department of External Resources.

[Prime Minister’s Media Division]



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Foreign News

Teacher fatally stabs eight-year-old in South Korea

Published

on

By

Locals laid flowers at the school's gate to mourn the eight-year-old student [BBC]

A teacher has fatally stabbed an eight-year-old girl at an elementary school in South Korea, in an incident that has shocked the nation.

The female teacher, who is in her 40s, confessed to stabbing the student in the central city of Daejeon, police said.

The girl was found with stab wounds on the second floor of a school building at 18:00 local time (09:00 GMT) Monday and was pronounced dead at the hospital. The teacher was beside her with stab wounds that police said might be self-inflicted.

South Korea’s acting president Choi Sang-mok on Tuesday ordered an investigation into the case and urged authorities to “implement necessary measures to ensure such incidents never happen again”.

Some locals laid flowers and a stuffed doll at the gate of the school, which was closed on Tuesday.

The teacher had requested a six-month leave of absence citing depression on 9 December but she returned to school just 20 days later after a doctor assessed her as being fit to work, the Daejeon education office said.

She did not have a relationship with the student, authorities said.

Days before the stabbing, the teacher had displayed violent behaviour, including putting another teacher in a headlock, they said.

Two officials from the education office visited the school on Monday, the morning of the stabbing, to investigate that altercation.

Daejeon City South Korea

The student was reported missing on Monday evening after the bus driver informed the school that she had not arrived to be picked up that day.

Police also said they would continue interrogating the teacher after she recovers from her surgery.

After the attack on the co-worker, the education office recommended that the teacher put on leave and be separated physically from the other teacher.

She was made to sit beside the vice principal’s desk so that she could be kept under close watch.

She had also not been teaching any classes since her leave in December, and did not have any contact with the eight-year-old student, the official said.

South Korea is a generally safe country with strict gun control laws. But in recent years, it has grappled with several high-profile crimes, including stabbings.

“It pains me to see such incident because a school should be our safest space,” said acting president Choi. “I offer my deep condolences to the victim’s family who suffered great shock and agony.”

[BBC]

Continue Reading

Business

Trump announces 25% tariffs on all steel and aluminium imports

Published

on

By

[pic BBC]

President Donald Trump has ordered a 25% import tax on all steel and aluminium entering the US in a major expansion of existing trade barriers.

The tariffs, which will increase the costs of importing the metals into the US, come despite warnings of retaliation from some political leaders in Canada – America’s biggest supplier of the metals – as well as other countries.

US businesses dependent on the imports have also raised concerns, but Trump has said his plans will boost domestic production.

He warned there would be no exceptions, saying he was “simplifying” the rules, which are set to come into effect on 4 March.

“This is a big deal, the beginning of making America rich again,” Trump said.  “Our nation requires steel and aluminium to be made in America, not in foreign lands,” he added.

When asked if tariffs could increase prices for consumers, the US president responded: “Ultimately it will be cheaper.”

“It’s time for our great industries to come back to America…this is the first of many,” he added, suggesting other tariffs could focus on pharmaceuticals and computer chips.

The US is the world’s largest importer of steel, counting Canada, Brazil and Mexico as its top three suppliers.

Canada alone accounted for more than 50% of aluminium imported into the US last year. If the tariffs come into force, they are expected to have the most significant impact on Canada.

Late on Monday, Canada’s Minister of Innovation, Francois-Phillippe Champagne, said the tariffs were “totally unjustified”.

“Canadian steel and aluminium support key industries in the US from defence, shipbuilding, energy to automotive,” Champagne said. “This is making North America more competitive and secure.”

Ahead of the announcement, Ontario premier Doug Ford, whose province is home to much of Canada’s steel production, accused Trump of “shifting goalposts and constant chaos, putting our economy at risk”.

The lobby group for Canadian steel makers called on the Canadian government to retaliate against the US “immediately”, while Kody Blois, a leading MP from Canada’s governing Liberal Party, said his country was looking for ways to reduce its trade relationship with the US.

“This is completely upending what has been a very strong partnership,” he told BBC Newshour ahead of the official order.

Meanwhile, share prices of the major US steel-makers rose on Monday in anticipation of the order, with the price of Cleveland-Cliffs jumping nearly 20%. Prices for steel and aluminium also jumped.

The response in much of the rest of the market was muted, reflecting questions about how serious Trump is about his plans, given his track record of postponing tariffs, or negotiating exemptions to the rules.

In 2018, during his first term, Trump announced tariffs of 25% on steel and 15% on aluminium, but eventually negotiated carve-outs for many countries including Australia, Canada and Mexico.

[BBC]

Continue Reading

Latest News

Power cuts today and tomorrow -CEB

Published

on

By

The Ceylon Electricity Board (CEB) has announced that island-wide power cuts will be implemented between 3.30 p.m. and 9.30 p.m. today (10) and tomorrow (11).

Sri Lanka faced a power outage that affected the entire island at around 11.15 a.m. on Sunday (09).

 

 

Continue Reading

Trending