Hailed by Chinese President Xi Jinping as “the project of the century”, the Belt and Road Initiative (BRI) promises to radically transform a vast swathe of the world’s trade and transport infrastructure. In doing so, it may also significantly change the way Asia does business with the world, and the way the world does business with Asia.
Sri Lanka has long served as an important strategic destination in the Indian Ocean, catering to merchants and travellers from South-east Asia, India, the Middle East and East Africa. Formerly known as Ceylon, the island was visited and admired by the likes of Marco Polo, who called it “the finest island of its size in the world” well before...
Despite reasons beyond our control, and challenging domestic and global conditions, Sri Lanka has been able to sustain a steady GDP growth rate of 4.4% since our government was formed in 2015. Furthermore, it maintained the unemployment rate at 4.2% and reduced the budget deficit to 5.4% of GDP. But the more important thing is the change of...
Saudi Arabia’s debut at the Cannes Film Festival, coupled with moves to expand the number of cinemas and promote local filmmaking, is expected to support the Kingdom’s efforts to double the entertainment sector’s GDP contribution.
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