Jerome H. Powell at the Economic Club of New York

Before our discussion, I will take a few minutes to discuss recent economic data and the outlook for monetary policy.

The BRI and Sri Lanka's Future through the President's Lens

China’s third Belt and Road Forum for International Cooperation got underway in October 2023 after a three-year lull which saw leaders of the developed and developing world congregating in Beijing. This year’s forum was significant. It marked ten years of the initiative. The delegations held meaningful high-level discussions on the sidelines of the much-anticipated dialogue amid two significant conflicts in Europe and the Middle East, where the thrust was for sustainable development and multilateralism based on cooperation. Sri Lanka, like many in the Global South, is on board the BRI. President Ranil Wickremesinghe attended the forum in Beijing. He also met Chinese President Xi Jinping at the Great Hall of the People. On the sidelines of the BRI, the Sri Lankan President also spoke with Chinese media, in Colombo first, with the host of Leaders Talk, Li Tongtong of China Global Television Network. In a departure, the host spoke in Mandarin while the President responded in Sinhala, and in Beijing, Wickremesinghe sat with CGTN Host Tian Wei. In both instances, the Sri Lankan leader expressed his optimism about the initiative’s potential and prospects for development, his development agenda for Sri Lanka amid the debt and economic crises, and the criticality of pursuing trade and a sustainable development agenda.

President Ranil Wickremesinghe's Address at the UNGA: Sri Lanka's Journey to Rebuild Trust and Global Solidarity

President Ranil Wickremesinghe addressed the UN General Assembly in New York which reflected on the theme of “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges

Nearly One-Third of the World's Biggest News Sites Have Blocked AI Crawlers from Accessing their Content

After the ChatGPT launch in November last year, companies and consumers worldwide started using generative artificial intelligence (AI) to automate tasks, write documents, do market research, or even basic coding

President Wickremesinghe Addresses Global Financial Distress and Calls for Solidarity at 2023 SDG Summit

In a significant address at the High-level Dialogue on Financing for Development- General Assembly, 78th session, President Ranil Wickremesinghe emphasized the critical issues facing middle-income countries in times of financial distress

The Transformative Power of Corporate Wellness Programs in Managing Diabetes

A staggering 1 in 4 individuals are grappling with diabetes, while an additional 30% teeter on the brink as prediabetics

HNB Easy Draft to Boost Financial Agility of Enterprises with Seamless Access to Funds

HNB announced the launch of Easy Draft, a new hybrid facility designed to meet operational capital and urgent cash flow needs. Developed to meet the funding requirements of corporates, emerging corporates, SMEs and personal businesses using HNB's leasing facilities, easy draft swiftly addresses short-term working capital requirements by offering easy access to funds, ensuring the efficient management of day-to-day operations

President Ranil Wickremesinghe Addresses G77 & China Summit in Cuba

President Ranil Wickremesinghe delivered a compelling address at the Summit of the Heads of State and Government of the G77 & China in Havana, Cuba

Urgent Need for Arugam Bay Tourism Development Strategy

A meeting was convened at the Presidential Secretariat to discuss the Arugam Bay Tourism Development Plan, which has the potential to significantly contribute to Sri Lanka’s tourism industry

DFCC Bank's Trailblazing Website Clinches Silver at BestWeb.LK Awards 2023

DFCC Bank’s website secured a Silver Award for Best Website in the Banking and Finance Category at BestWeb.LK Awards 2023

President Wickremesinghe Commemorates Joseph Fraser Ninewells Hospital's Centenary Anniversary

President Ranil Wickremesinghe delivered a compelling address during the commemoration of Joseph Fraser Ninewells Hospital’s centennial anniversary at the hospital premises underscoring the crucial importance of maintaining Sri Lankan healthcare facilities at international standards, positioning the nation as a premier hub for medical tourism

Veteran Banker Aravinda Perera Assumes Duties as Chairman of Pan Asia Bank

Pan Asia Bank welcomed respected banker and business leader Aravinda Perera as Chairman of Pan Asia Bank on August 11, 2023. Aravinda Perera is expected to lead the Bank to the next phase of growth. On the occasion, Naleen Edirisinghe, Director/CEO, and the Corporate Management joined for a simple yet elegant welcoming ceremony held at the headquarters of the Bank

In the Spotlight for all the Wrong Reasons

They call it the secretive world of management consulting. It’s a power bloc that has gradually entered government and influenced policymaking

Rooting for Sri Lanka and His Profession

Chartered architect Rajiv Senanayake co-founded Design Forum with architect Lilantha Wijayapala in 2000, a company of chartered architects, consultants and designers

People's Bank Introduces a Convenient Mobile Point of Sale Solution for SMEs and Micro-Level Businesses

People’s Bank has launched its innovative People’s Mobile Point of Sale (People’s mPOS) solution, empowering small and micro-level businesses to accept card payments on the go

People's Bank Secures a Gold at the International ARC Awards 2023

People’s Bank’s Annual Report 2022, titled Creating a Legacy of Caring for Generations to Come, won five awards at the International ARC Awards 2023

Indra's Trust and Integrity

A man of big thoughts but few words, Indra Silva is the unassuming business doyen many would like to learn from

President Ranil Wickremesinghe's Address at the UNGA: Sri Lanka's Journey to Rebuild Trust and Global Solidarity

President Ranil Wickremesinghe addressed the UN General Assembly in New York which reflected on the theme of “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges

Nearly One-Third of the World's Biggest News Sites Have Blocked AI Crawlers from Accessing their Content

After the ChatGPT launch in November last year, companies and consumers worldwide started using generative artificial intelligence (AI) to automate tasks, write documents, do market research, or even basic coding

President Wickremesinghe Addresses Global Financial Distress and Calls for Solidarity at 2023 SDG Summit

In a significant address at the High-level Dialogue on Financing for Development- General Assembly, 78th session, President Ranil Wickremesinghe emphasized the critical issues facing middle-income countries in times of financial distress

The Transformative Power of Corporate Wellness Programs in Managing Diabetes

A staggering 1 in 4 individuals are grappling with diabetes, while an additional 30% teeter on the brink as prediabetics

HNB Easy Draft to Boost Financial Agility of Enterprises with Seamless Access to Funds

HNB announced the launch of Easy Draft, a new hybrid facility designed to meet operational capital and urgent cash flow needs. Developed to meet the funding requirements of corporates, emerging corporates, SMEs and personal businesses using HNB's leasing facilities, easy draft swiftly addresses short-term working capital requirements by offering easy access to funds, ensuring the efficient management of day-to-day operations

President Ranil Wickremesinghe Addresses G77 & China Summit in Cuba

President Ranil Wickremesinghe delivered a compelling address at the Summit of the Heads of State and Government of the G77 & China in Havana, Cuba

Urgent Need for Arugam Bay Tourism Development Strategy

A meeting was convened at the Presidential Secretariat to discuss the Arugam Bay Tourism Development Plan, which has the potential to significantly contribute to Sri Lanka’s tourism industry

DFCC Bank's Trailblazing Website Clinches Silver at BestWeb.LK Awards 2023

DFCC Bank’s website secured a Silver Award for Best Website in the Banking and Finance Category at BestWeb.LK Awards 2023

President Wickremesinghe Commemorates Joseph Fraser Ninewells Hospital's Centenary Anniversary

President Ranil Wickremesinghe delivered a compelling address during the commemoration of Joseph Fraser Ninewells Hospital’s centennial anniversary at the hospital premises underscoring the crucial importance of maintaining Sri Lankan healthcare facilities at international standards, positioning the nation as a premier hub for medical tourism

Veteran Banker Aravinda Perera Assumes Duties as Chairman of Pan Asia Bank

Pan Asia Bank welcomed respected banker and business leader Aravinda Perera as Chairman of Pan Asia Bank on August 11, 2023. Aravinda Perera is expected to lead the Bank to the next phase of growth

In the Spotlight for all the Wrong Reasons

They call it the secretive world of management consulting. It’s a power bloc that has gradually entered government and influenced policymaking

Rooting for Sri Lanka and His Profession

Chartered architect Rajiv Senanayake co-founded Design Forum with architect Lilantha Wijayapala in 2000, a company of chartered architects, consultants and designers

People's Bank Introduces a Convenient Mobile Point of Sale Solution for SMEs and Micro-Level Businesses

People’s Bank has launched its innovative People’s Mobile Point of Sale (People’s mPOS) solution, empowering small and micro-level businesses to accept card payments on the go