Profitloss Centerstage Events

The inflation in Sri Lanka reaching a record 54.6% took center stage on Friday, 1 July 2022 among all major events across the globe, and remains the highlight of this week's list of center stage events.
Picture Courtesy: Profit loss

Centerstage events of week 4

In response to Sri Lanka's energy crisis, Power and Energy...

In response to Sri Lanka's energy crisis, Power and Energy Minister Kanchana Wijesekera declares the government's decision to remove restrictions on fuel imports. This move effectively terminates the fuel duopoly between the state-owned Ceylon Petroleum Corporation and the Indian government-owned Lanka IOC.

Monday, 27 June, 2022

The Securities and Exchange Commission of the Philippines affirms the...

The Securities and Exchange Commission of the Philippines affirms the previous decision to revoke online news outlet Rappler's operating license. The revocation is based on violations of constitutional foreign equity restrictions on mass media ownership, leading to the order for the website's termination. Maria Ressa, co-founder of Rappler and a recipient of the 2021 Nobel Peace Prize, states that the company will challenge the ruling in court, seeking to contest and overturn the decision.

Tuesday, 28 June, 2022

On June 30, 2022, the European Union successfully concluded negotiations...

On June 30, 2022, the European Union successfully concluded negotiations for a comprehensive and ambitious trade agreement with New Zealand. Bilateral trade in goods has been steadily increasing, with it reaching nearly €7.8 billion in 2021. The EU holds the position of New Zealand's third-largest trade partner. An impact assessment on the Free Trade Agreement (FTA) predicts a 30% boost in trade between New Zealand and the EU, with the elimination of tariffs resulting in annual savings of €140 million for businesses. Additionally, EU investment in New Zealand could surge by over 80%.

Wednesday, 29 June, 2022

Sri Lanka's inflation rate reaches a record 54.6% amid a...

Sri Lanka's inflation rate reaches a record 54.6% amid a steep economic crisis and a default of the country's debt.

Thursday, 30 June, 2022

Uzbekistan's President Shavkat Mirziyoyev is currently announcing his decision not...

Uzbekistan's President Shavkat Mirziyoyev is currently announcing his decision not to proceed with the constitutional reform that would eliminate the autonomous Republic of Karakalpakstan's right to secede from Uzbekistan through a referendum. The proposed change has sparked outrage among the ethnic Karakalpak majority, with neighboring Kazakhstan also expressing concern. In a round-table discussion, one speaker, Rustem Matekov, warned that the day of the referendum would mark "the funeral of the people of the Republic of Karakalpakstan."

Friday, 1 July, 2022

The combined military forces of Russia and the separatist Luhansk...

The combined military forces of Russia and the separatist Luhansk People's Republic have successfully gained control over the entire Luhansk Oblast following the capture of Lysychansk. Ukrainian forces have officially acknowledged that they were compelled to withdraw from the region.

Saturday, 2 July, 2022

Sri Lanka announces a week-long holiday amid fuel and food...

Sri Lanka announces a week-long holiday amid fuel and food shortages caused by a worsening economic crisis.

Sunday, 3 July, 2022