- Last Update 2025-05-14 19:07:00
Stiglitz urges Sri Lanka to cut its foreign debt
World-renowned economist and Nobel laureate Prof Joseph Stiglitz on Thursday urged Sri Lanka to tackle its foreign debt crisis which was impeding growth.
Speaking at a high—powered economic forum in Colombo, he said that the assistance of the World Bank and other multilateral agencies should be sought to find ways of easing the debt problem.
Stiglitz, during a panel discussion with Prime Minister Ranil Wickremesinghe and billionaire investor George Soros, suggested a tax on land and property to boost sagging tax revenues.
However this proposal was opposed by another panel of discussants in which Stiglitz did not take part. Sri Lanka says it is seeking the advise of international economists and experts to suggest a new development path for the country. (Bandula)
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- May 9, 2025 - 186 - 0
SLAF Bell 212 crashes into Maduru Oya
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
- May 9, 2025 - 158 - 0
Five killed in helicopter crash
Update: Five of the twelve passengers on board the bell 212 aircraft that crashed into the Maduru Oya today, have succumbed to their injuries, the SLAF said.
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