Business Today Sri Lanka Magazine - July 2023

In this issue

President Ranil Wickremesinghe calls for Urgent Debt Restructuring and Comprehensive Approach to Support Middle-Income Nations.

President Ranil Wickremesinghe sets an ambitious timeline for Sri Lanka’s debt restructuring and reconciliation efforts.

President Ranil Wickremesinghe meets US Treasury Secretary for Debt Relief discussions, Sustainable Development at Paris Summit.

Jerome H. Powell submitted identical remarks to the Committee on Banking, Housing, and Urban Affairs, U.S. Senate.

India-USA partnership augurs well for democracy: Prime Minister Narendra Modi in his address to the US Congress.

Ministry of Power and Energy signs agreement with RM Parks to ensure uninterrupted fuel supply.

The third edition of the book “Ranil Wickremesinghe – A Political Biography” written by Dinesh Weerakkody, the Chairman of the Sri Lanka Board of Investment, was presented to President Ranil Wickremesinghe at the Presidential Secretariat.

Novak Djokovic won the French Open, his 23rd men’s singles grand slam victory, making him the men’s sole grand slam record holder. Amid high expectations, Djokovic pulled off a record-making win in Paris, demonstrating his years of training in on-court resilience and planning.

Behind the hype and the hoopla of the treble title by Manchester City stands a formidable figure, the strategist doing the queen’s gambit of selecting the team, negotiating, recruiting, and contracting players while being the one to put the arm around the men and unifying the team to ensure success while being able to talk them straight in the face when they need to buck up - Pep Guardiola.

President Ranil Wickremesinghe Calls for Urgent Debt Restructuring and Comprehensive Approach to Support Middle-Income Nations

President Ranil Wickremesinghe participating in a high-level panel discussion at the Global Leaders’ Summit for a New Global Financing Pact, in Paris, discussed the country’s experience with debt restructuring and the need for a comprehensive approach to address the challenges faced by middle-income nations.

5 mins

President Ranil Wickremesinghe meets US Treasury Secretary for Debt Relief discussions, Sustainable Development at Paris Summit

President Ranil Wickremesinghe met with Janet Yellen, US Treasury Secretary on the sidelines of the Paris Summit for a New Global Financing Pact.

1 min

President Ranil Wickremesinghe sets ambitious timeline for Sri Lanka's debt restructuring and reconciliation efforts

In a determined push to address Sri Lanka’s debt crisis and foster reconciliation, President Ranil Wickremesinghe outlined plans to finalize the debt restructuring process by September.

10+ mins

America's 10 richest people worth more than 106 poorest countries combined

In an era where economic inequality has reached unprecedented heights, the divide between immense wealth and abject poverty continues to grow to staggering proportions.

3 mins

Semiannual Monetary Policy Report to the Congress

Jerome H. Powell submitted identical remarks to the Committee on Banking, Housing, and Urban Affairs, U.S. Senate.

4 mins

Lessons from a Champion

June 2023 turned out to be a game of thrones in sports. Earlier in June, the Manchester City Football Club became the second English football club to win all three major tournaments in one season, the grand slams of soccer the treble honors. Elsewhere on the clay courts of Roland Garros, Novak Djokovic won the French Open, his 23rd men's singles grand slam victory, making him the men's sole grand slam record holder. Amid high expectations, Djokovic pulled off a record-making win in Paris, demonstrating his years of training in on-court resilience and planning. That evening in Paris, he showed his ability to adapt and his motivation to achieve his goal of winning.

7 mins

Inspiring People to Do Better

The Manchester City Football Club made history by entering the Treble Hall of Fame. A 68th-minute strike catapulted it to victory, nailing its first-ever European Cup victory this season - the Champions League Trophy at the Ataturk Olympic Stadium in Istanbul, Turkey, on June 10, 2023 preceded by their success at the Premier League and the FA Cup, a feat by an English football club after nearly a quarter century.

8 mins

Ministry of Power and Energy signs agreement with RM Parks to ensure uninterrupted fuel supply

To address the foreign exchange crisis in Sri Lanka and ensure a steady fuel supply, the Ministry of Power and Energy has taken decisive action. Accordingly, an agreement was signed between the Government of Sri Lanka and RM Parks, a prominent international company operating in collaboration with Shell, marking a significant step towards securing a long-term contract for importing, storing, distributing, and selling petroleum products in the country.

1 min

Prime Minister Narendra Modi during G20 Tourism Minister's Meet

Excellencies, Ladies and gentlemen, Namaskar! I welcome you all to Incredible India! As tourism ministers, handling a sector worth over two trillion dollars globally, it is rare that you get a chance to be a tourist yourself.

3 mins

India-USA partnership augurs well for the democracy: Prime Minister Narendra Modi in his address to the US Congress

Mister Speaker, Madam Vice President, Distinguished Members of the US Congress, Ladies and Gentlemen, Namaskar! It is always a great honor to address the United States Congress.

10+ mins

Read all stories from Business Today Sri Lanka

Business Today Sri Lanka Magazine Description:

The magazine of the corporate world, Business Today features an interesting line-up of interviews with eminent personalities who impact the corporate, commercial and economic sectors. The monthly magazine also includes exclusive articles syndicated from the Harvard Business Review and Financial Times. It has also featured the monthly columns by Richard Branson and Howard Schultz. International interviews featured include Sir Richard Branson, Paul Allen, Howard Schultz, Omar Bin Laden and Sir Jonathan Ive. Articles penned by President Barack Obama and Vice President Joe Biden Jr. have also been featured in the magazine.