A newly developed dataset shows how the pandemic’s aftermath ushered in the worst housing affordability crisis in more than a decade The pandemic and subsequent return of inflation set off the world’s worst housing affordability crisis in more than a decade. It spilled across some of the largest advanced economies and contributed to widespread anger and resentment about economic conditions. Affordability fell in the United States, the United Kingdom, Australia, Canada, Germany, Portugal, and Switzerland. On average across countries, housing is less affordable today than during the house price bubble that preceded the global financial crisis of 2007–08, according to…
Author: LMD International
Tharindu Sendanayake, a talented Sri Lankan photographer, made history by winning first place at the 2024 Sanctuary Asia Wildlife Photography Awards. His
The world’s most luxurious hotels can often be discovered in the unlikeliest destinations. From the ancient streets of Azerbaijan to the rugged terrain of
Arab leaders met in Saudi Arabia’s capital Riyadh on Friday for the first time to formulate a response to President Donald Trump’s plan for the US to take ownership
Sri Lanka’s budgeted expenditure for 2025 will likely lead to a wider fiscal deficit and slower-than-expected fiscal consolidation, Moody’s Ratings said on Tuesday, a day after the island nation unveiled its budget. Sri Lanka aims to transform its crisis-hit economy to prepare to resume debt repayments from 2028, President Anura Kumara Dissanayake said on Monday while announcing the budget which is seen as a key step towards returning the country to durable, long-term growth. The budget is mostly in line with targets set under a $2.9 billion International Monetary Fund (IMF) programme, including a key 2.3% primary account surplus goal. Reuters – February…
The Sri Lankan economy is expected to grow at 5 per cent in 2025, President Anura Dissanayake said Monday while presenting the budget for this year. This is the first full-year budget presented by the National People’s Power (NPP) government, which came to power in November last year. Introducing the budget, Dissanayake said a budget is a “reflection of the government’s approach to building the economy and overall policy.” He added that this year’s budget intends to set a foundation of an economy where “all citizens are active participants, active stakeholders, and active beneficiaries,” news portal Adaderana.lk reported. We expect the…
Local artistry and wildlife were on show at Cinnamon Life City of Dreams recently, when over 2,000 hand-crafted kites were brought to life in collaboration with
His appointment was announced during the 19th session of the ICH committee meeting in Paraguay, and he will serve a four year term, bringing his expertise to
The feature (titled ‘Waves to Wildlife, Tea to Tranquility’) paints a picture of a region where adventure meets luxury.
With seven curated sessions running on selected days until 9 March, Gourmet Galle Masterclasses are offering culinary buffs a chance to delve into unique exposures