Sri Lanka is hopeful but sceptical about a Biden presidency - The Hindu
Experts say the U.S. is keen on deepening ties in Asia, but Colombo needs to explore new interactions at the highest levels, both at the White House and on Capitol
Sri Lanka keenly watched the recently concluded U.S. elections, but how a Biden presidency might impact the island nation’s political and economic future remains to be seen, amid a heightening geopolitical contest in the region.
In line with the prevalent diplomatic norm, Sri Lanka’s leaders President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa wished Joe Biden on Twitter, although some on social media were quick to point to the relative delay in their outreach, compared to many of their counterparts. However, diplomatic ties — in this case between two countries sharing an asymmetric power dynamic — often unravel behind the social media stage where leaders exchange courtesies bound by character limits. And that story, of Washington-Colombo relations under a Biden administration, is yet to unfold.
Sri Lanka gets ready to go Crypto
Sri Lanka’s cabinet has issued a go-ahead to form a committee that will oversee a possible venture into digital banking, blockchain, and crypto mining solutions.
A new report by the Institute of Development Studies, a UK-based think tank, has placed Sri Lanka as the 5th poorest country in the world in terms of food affordability
The report, which was compiled through a publicly available global cost-of-living database, Numbeo, was used in creating a ‘cost of food basics’ analysis that compares the monthly minimum recommended spend on food per adult and monthly average wage in 107 countries across the world.
Expolanka posts record breaking 259% YoY growth in Group PAT up to Rs. 6.3 bn Q1 performance
Expolanka Holdings PLC, delivered another record-breaking performance during the quarter ended 30 June 2021 (Q121). Group revenue recorded a remarkable 165% Year-on-Year (YoY) expansion to reach Rs. 95.7 billion resulting in Gross Profit of Rs. 14.4 billion, up 130% YoY.