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GFS Lanka sets the bar high in container feeder operations via Sri Lanka

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GFS Lanka (Pvt) Ltd. is the Sri Lankan representation of Global Feeder Shipping LLC (GFS), a leading feeder shipping line headquartered in Dubai. The company has been established to serve the liner shipping industry with over 30 years of experience in Container Feeder operations.

Sri Lanka’s role in the global trade route is incomparable, with the country’s prime location in the center of the Indian Ocean, its close proximity to the Indian Subcontinent, and being a mere 12 nautical miles away from the main maritime silk route between China and Europe. The island nation has a total area of 65,610 square kilometers (25,330 sq mi), with 64,630 square kilometers (24,950 sq mi) of land and 980 square kilometers (380 sq mi) of water, featuring four major commercial ports from all four directions of the island. With over 600+ ships a month entering the country’s waters for various purposes, Sri Lanka has cemented its name as a location that is essential for global trade routes to flourish. 

As one of Sri Lanka’s largest feeder operators, GFS’ diversified coverage remains comprehensive and dependable, staying true to its brand promise at all times and facilitating East-West connectivity along the maritime silk route interconnecting the East, West, and South of India as well as the Upper Bay of Bengal and Gulf destinations via Colombo.                                                         

GFS’ is cognizant of the pivotal role played by its feeders in the global supply chain network. Every minute counts and any delay or lack of immaculate operations results in losses worth millions to the clients. Staying true to the values of the company: Respect, Trust, Integrity, and Innovation, each and every business activity of the company is carried out to meet unparalleled excellence and uninterrupted connectivity between the major shipping hubs to their surrounding markets, including the Middle Eastern, Asian and African regions.                                                           

Global Feeder Shipping LLC, operates a number of service networks inter-connecting the Indian Subcontinent to the rest of the world with a fleet of 42 ships including feeders with a maximum container capacity of 7,070 TEU and reefer capacity: 586 sockets. Whilst staying ahead in its continuous improvement of services, state-of-the-art systems, andinnovative processesto continue serving the global trade effectively, GFS aims to serve the Container Industry’s biggest names and become a major contributor to the regional linear industry.

Such a big dream is well encouraged, empowered, and supported by the parent company of GFS Lanka. Renowned as the most diversified shipping and marine group in Sri Lanka with over 20+ subsidiaries under its belt, the Ceyline Group has marked this tiny island’s name on the global maritime map as an indispensable location. The Ceyline Group plays an invaluable role in shaping the operations of GFS Lanka to fit all domestic operating conditions.

Each and every member of the company believe that the turbulent times that Sri Laka is facing currently cannot be an excuse to compromise the services and the quality of operations. The Group established various contingency plans and counter strategies to face the stringent post-pandemic maritime requirements and the resulting challenges due to the economic crisis of the country. One such remarkable initiative taken was that each and every company in the group should complement and offer support to one another to make sure the requirements of the client base are met from all four ports of the country as well as across the region. This further enabled and opened many doors for the internal companies to achieve exceptional operational excellence. GFS Lanka followed the same as well to ensure that a wider network of feeders in the region was always ready to embark on the customers’ requirements and contribute to the country’s economy by fulfilling the much-needed dollar revenue.

How Manipal GlobalNxt University’s online degrees are a game-changer for working professionals!

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The Manipal Group is one of India’s premier business groups with presence in education, healthcare, clinical research & health insurance. It is backed by reputed promoters & global PE / strategic investors across businesses.

One of the world’s largest education services providers, Bangalore (India) headquartered Manipal Group owns and operates several institutions of higher education in India, Dubai, Nepal, and Malaysia.

The Manipal Group has an established legacy in Malaysia, one of them being the Manipal GlobalNxt University (MGNU), Malaysia, which was born out of a unique global collaboration among top international universities as U21Global in 2002​. It was set up with an aim to give many young professionals a chance to upskill themselves and bridge the skill gap that often remains between employee and industry requirements.

As a leading online learning university, MGNU is an excellent choice to pursue higher education and progress on individual career pathways. Committed to providing students with a lifetime of learning, the university aims to provide education that delivers meaningful and breakthrough educational outcomes, anytime and anywhere. MGNU focuses on education surpassing geographic limitations with 24/7 online support. The online university offers the best educators and has over 75 distinguished faculty members from over 17 nations worldwide. 38% faculty are from USA and Europe. All the faculty members dedicatedly work to develop impeccable content and an engaging learning experience that has benefited 12,000+ learners from 72 countries across the world since 2002.

Manipal GlobalNxt University also offers a unique pedagogical approach founded on the creation of cutting- edge knowledge, a multicultural openness, and a blend of academic learning and practical experience.

To know more about the university, click here.

Accreditations and Recognitions

Manipal GlobalNxt University’s degree programs are approved by the Malaysian Qualifications Agency (MQA), a rigorous accreditation-body based in Malaysia. The University’s flagship program, the Doctor of Business Administration (DBA), is fully accredited by MQA, and is also accepted by World Education Service (WES) for equivalence in North America. The university is also a member of the Association to Advance Collegiate Schools of Business (AACSB). Manipal GlobalNxt University is committed to periodic self-evaluation and ongoing institutional improvement, and this reflects in the international recognition the University has received over the years. With academic headquarters in the heart of Asia, in the capital city of Kuala Lumpur, Malaysia, the University is registered as a full private university with the Ministry of Higher Education, Malaysia.

Other programs offered by Manipal GlobalNxt University

• Master of Business Administration

• MBA (Banking & Finance)

• MSc in Information Technology Management

• Doctor of Philosophy in Education (PhD)

• Master of Education (M.Ed.)

• Master of Science in Business

Doctor of Business Administration (DBA)

It is a fact that a well-rounded doctorate degree in business administration can go a long way in giving professionals a deeper understanding of concepts they apply at work. However, owing to timings and professional commitments many people never get a chance to pursue a regular PhD. Considering these programmes are crucial in bridging the skill gap that often remains between employees and industry requirements, many universities across the globe are now warming up to the idea of fully online programmes where students can reskill themselves by pursuing formal education while also continuing with one’s professional responsibilities.

The Doctor of Business Administration (DBA) from Manipal GlobalNxt University is one such programme that has been catering to the need of many such individuals looking to scale up the career ladder with a holistic business administration doctorate. The course is valued by entrepreneurs, working professionals and educators as it allows merging theory and broader business insights into their business practices. The programme also provides learners with advanced knowledge in a specific area of business through rigorous as well as ethically sound study and research so that they can identify the main problems and suggest solutions in the most pragmatic manner.

MGNU is now accepting credit transfer requests under APEL (C) (Accreditation of Prior Experiential Learning). This opens up a unique opportunity for learners to avoid duplication in learning and to obtain their degree within a shorter time frame.

In Dr. Chinmoy Sahu, Vice Chancellor of MGNU words – “The Doctor of Business Administration has grown to be our flagship program over the last few years, attracting a globally diverse pool of senior leaders from the corporate world. We are delighted to see the wide global acceptance of this program and the quality of audience that it has successfully attracted with the highest completion rates in the education industry at the doctoral level. The program offers a judicious mix of our well-designed curriculum and our authentic pedagogy perfected over the last two decades that is tailor-made for working adults. Our learners also benefit immensely from the world class PhD-only faculty team that has been drawn from different parts of the world with significant industry experience behind them. We would continue to strive towards making our high quality and yet affordable programs accessible to all as we celebrate 20 years of our online presence in 2022.”

Who is eligible for the DBA programme?

Applicants for the Doctor of Business Administration (DBA) from Manipal GlobalNxt University require a master’s degree from a recognised university with minimum 3 years management / professional experience. It is a research degree earning you a “doctorate” that enables you to develop rigorous research skills to examine complex issues in business and management. The DBA emphasises both, the development of theory and its application to the real world context through problem-solving and decision-making.

Why opt for a DBA?

Program Learning outcomes

On completion of the program, students are expected to

  • Demonstrate expert-level knowledge in a particular area of business and develop critical thinking skills.
  • Stand out from the crowd of MBA’s, opening new avenues of growth and negotiation
  • Provide new insights to business environment and add value to current state of knowledge by penetrating criticism of existing theories and concepts of mainstream business.
  • Refine the existing theories and concepts for application in the decision-making process in a fruitful manner.
  • Conduct research independently with high standards of legal, ethical, and professional practices.
  • Demonstrate mastery of qualitative and quantitative research methods and full understanding of their applications.
  • Interpret the research findings clearly and suggest pragmatic solutions.
  • Develop managerial and leadership qualities by improving communication and problem-solving skills

If you are a business professional looking forward to the next big move in your career, Manipal GlobalNxt University programs are the step towards the right direction. To know more about the university, click here.

Sea Leisure Yachting Group – Navigating Marine Tourism in Sri Lanka to new horizons

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The ocean is our playground. We are a pioneer in marine leisure and yacht manufacturing in Sri Lanka.

The origin of SLYG comes from the Building A Future Foundation, started by Mr. Pierre Pringiers in 2005 after the Tsunami. BAFF is aiming to improve the living conditions of underprivileged youths depending on the resources of the Ocean by create a sailing culture in the island and developing a yachting industry from boat building, sails and masts making… to the creation of the infrastructure (mini-marinas) and charter services. BAFF leads research in different fields, mainly focusing on the yachting industry and finances the creations of small SME’s. The first one of which was Mirissa Water Sport who was the first and pioneer whale watching company in Mirissa and led to the development of an entire industry with now over 60 licensed boats operating from Mirissa. BAFF also provides training in different areas: boat building including fiberglass infusion, mechanical and electrical engineering. BAFF training center in Kabalana, is training between around 100 youth per year. The Foundation has recently opened a second training center in Jaffna, to replicate the success story from the South in the Northern province of Sri Lanka.

Since 2014, SLYG operates through 4 key verticals which contribute to Sri Lanka’s nautical sector and the global yacht industry. We also collaborate with operators in the global boat building industry to bring projects to life and support other companies with their manufacturing needs for the Asian market including mold and prototype development and testing.

Boat design and manufacture                                                                    

Baff Polymech has developed and manufactured 5 types of boats in three fully equipped boatyards in Sri Lanka around the islands. Established in 2008, SLYG manufacturing arm is capable of constructing light and rigid sailing catamarans, using high- tech materials and vacuum infusion technology. Polymech Pvt Ltd is also a manufacturer of rubber and polyurethane industrial products, sails, mechanical engineering and composite products for export. The company is the first and largest Sri Lankan boat manufacturing company to use Infusion technology.

SLYG is producing the following brands:      

Ocean Diamond 27

The 26.6 M catamaran is equipped with 12 cabins with enclosed bathrooms and can host up to 26 guests. The sailing floating boutique hotel is an innovative platform where your boat is your transport, hotel, or private home and entertainment platform all at once.                                            

Ceycat

The CEYCAT formula is matched perfectly for a comfortable and spacious layout, with a reduced carbon footprint in design and manufacturing. Concept ideas steer toward a certain design that is needed in the market.

From 47 to 55 feet, our Ceycat range is highly customizable, from 4 to 8 guest cabins to day charter, the Ceycat range offers many possibilities and extra features such as jetski launcher, bar area, bbq, etc. The Ceycat range is ideal for chartering, family getaway, and experiencing the joy of sailing.

Pulse range

Endless possibilities for enjoying the sea thanks to Pulse high-quality Rigid Inflatable Boat from 3.5 to 8.5 m. The perfect way to enrich your marine experience, explore the seas and to have fun with family and friends. Everything was designed and made in Sri Lanka by Pulse Marine.

Minibee

The Minibee brand sailboats were designed by Sabrosa in France and developed and manufactured in Sri Lanka using the most advanced boat building technologies. The first model was based on the min transat 6.5 m class. Powerful, fast and fun to sail.

The Minibee 6.5 meters and cabin version are also available with hull and deck made of 90% of natural renewable jute fiber.

Leisure with boat chartering 

Sail Lanka Charter operates a fleet of 10 boats in Sri Lankan waters all year around, from Mirissa, Colombo, Jaffna, Trincomalee and Pasikudah. From highspeed inflatable tender or dingy to the 53 feet catamarans but also on the Ocean Diamond 27 equipped with 10 luxury cabins. SLC is the leader and pioneer in the day and multi-day charter market in Sri Lanka. SLC is offering luxury sailing cruise around the island where guests can discover the beautiful coastlines of Sri Lanka, enjoying marine lifestyle and guided by our local and experienced crew.

Joint ventures                                                          

SLYG collaborates with other global boat builders to bring different projects to life. We are currently partnered with Grand Large Yachting to produce the Ocean Voyager range of yachts. The Group is also collaborating with other companies in rope and sails making, research and design, fiberglass structures, etc.

Marina management

SLYG is currently managing 2 marinas in Mirissa and Colombo from where we operate our fleet but also provide services and maintenance to visiting vessels.         

SLYG has been, since 2015, the forerunner who is instrumental in the development of the yacht chartering business in the Sri Lankan waters. Our mission is to employ sustainable practices to develop Sri Lanka into a global hub for yacht manufacturing, charters, yacht harbouring and other yacht-related services.            

SLYG recently exhibited at the Dubai International Boat Show where we established more regional contacts for our boats, allowing the Group to expand. The Group is now developing the charter business in new markets such as the Maldives and India coupled with expanding our boat sales into the Asian and Gulf markets.

contact details

www.slyg.global

info@slyg.global

+94 70 271 3007

World Reacts to Spain’s World Cup 2026 Victory After Extra-Time Goal Ends Argentina’s Defence

Spain‘s substitute Ferran Torres scored in the 106th minute to give his team a 1-0 win over defending champion Argentina in the World Cup ‘26 Final at New York’s New Jersey Stadium on Sunday, 19 July ’26.

Spain was absolutely dominant in terms of possession as well as shot attempts. Despite their struggles, Lionel Messi and Argentina managed to hold on and push the game into extra time.

In the opening moments of the second 15-minute period of extra time, Torres pounced on a bouncing ball in the box. Torres used his left foot to bury a shot under the crossbar & into the back of the net.

Ahead of the ’26 FIFA World Cup final between Spain & Argentina, Brazilian legend Ronaldo Nazário made a strong prediction that Spain might win.

Speaking to ESPN Brazil, Nazário said Spain’s ability to dominate possession throughout the tournament makes them the favourite to lift the trophy.

Nazário added that both Spain and France were pre-tournament favourites. He also stated that Spain has consistently controlled matches throughout their journey to the final.

Nazario questioned Argentina’s ability to recover if they fall behind. He suggested Argentina might lack the resilience to reverse the game’s outcome. This is especially true if Spain takes a 1- or 2-goal lead, as they are likely to maintain possession throughout the match.

Nazario believes that Spain’s success may stem from a footballing philosophy refined over many years.

World Reacts to Spain’s World Cup 2026 Victory After Extra-Time Goal Ends Argentina’s Defence

He expressed his opinion that Spain has played football in an extraordinary manner. Their DNA’s not just the football played in this World Cup. Spain has been following this style for a long time. They grew up doing it this way, playing in this manner. Their adoption of this philosophy reflects a significant influence from Pep Guardiola.

While predicting a Spanish victory, Nazario also praised Argentina for their resilience during the tournament. He reserved special praise for captain Lionel Messi, saying that he has inspired the defending champions with a string of decisive performances.

Nazario also added that what’s still an absolute success for Argentina in the World Cup is the manner in which they turned games on several occasions. Messi, one more time, makes one more beautiful story at a World Cup. It’s a team that demonstrates character. Additionally, there is a spirit of overcoming that is both beautiful and admirable. Therefore, we have to learn from it.

Nazario cited that the manner in which Spain plays tends to be automated. One must consistently apply this approach in every phase of the game. There’s no hurry as Spain plays the ball with speed. They control the pace of the game while also managing it through possession.

Pablo Iglesias Maurer reacted, inferring that the world’s greatest player may not see his legacy sullied by this defeat, although his team’s display destroyed the game.

The 39-year-old genius, Barney Ronay, commented that sometimes, magic may forsake a player. The deus ex machina may refuse to appear. He has perhaps gone from this stage now for ever. It was like Prospero giving his final address to the crowd from a clanky metal bowl outside New York.

In the meantime, former soccer star Wayne Rooney expressed his displeasure that the inaugural FIFA World Cup halftime show was ‘crap’ during the broadcast on Sunday, 19 July.

The halftime show was the first ever during the World Cup final. It benefits the FIFA Global Citizen Education Fund. It included a star-studded line-up of performances by Madonna, Justin Bieber, Shakira & more. Also included was a cameo from Jason Sudeikis as his Ted Lasso character.

HE Chevalier Nirj Deva DL – Resume

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Nirj Deva DL FRSA is unique. The only person born in one country (Sri Lanka) to be elected as the first post-war, post-colonial non-white Conservative MP in the UK, later representing South East England in the European Parliament for 20 years, and subsequently serving as a Presidential Envoy of Sri Lanka repesenting its people while retaining his appointment under the Lord Lieutenancy of Greater London.
He was nominated as a candidate for UN Secretary-General; and by the ECR Group for President of the European Parliament. He founded the Commonwealth Union, creating the first global digital cyber community NGO connecting 2.5 billion people with a shared legal heritage, parliamentary democracy, the rule of law, the English language, and a common defence in two world wars.
Full CV: www.commonwealthunion.com/publisher
Email: nirjdeva@yahoo.co.uk
WhatsApp: +44 7976 734722

 

US Soldier Killed in Iraq as Iran Tensions Continue to Rise

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A US service member has been killed in northern Iraq after an Iranian drone attack, according to the US military. Another American soldier was injured while handling unexploded material from the damaged drone.

The incident happened a day after a separate attack on a US base in Jordan. That attack killed two US soldiers and left another missing. US Central Command said search teams later found unidentified remains at the Jordan site, with officials working to confirm their identity.

The latest deaths bring the number of US military fatalities in the conflict to 17. This includes a Navy pilot who went missing earlier this month and was later declared dead. The attacks come as the US and Iran continue exchanging strikes for an eighth straight day. Both countries have accused each other of targeting important infrastructure and military sites.

The US said its recent strikes The US stated that its recent strikes aimed to diminish Iran’s capacity to threaten ships traversing the Strait of Hormuz. Washington also said the attacks were a response to the deadly strike on its forces in Jordan, which it blamed on Iran’s Islamic Revolutionary Guard Corps.

Iran has also continued its military actions. Iranian media reported that a nuclear power facility under construction in Darkhoveyn was hit, along with Qeshm Island. The UN nuclear watchdog urged both sides to show restraint and said the site did not contain nuclear material during its last inspection.

Jordan said it intercepted three Iranian missiles and that another landed in an empty area. The country later called on Iran to stop its attacks, warning that its security was a “red line”.

Israel also reported launching interceptors after missiles. After missiles were fired toward Jordan, Israel reported launching interceptors toward Jordan. It said pieces from the interceptors Pieces from the interceptors were found near Eilat, but no injuries or major damage occurred, according to the report. near Eilat, but no injuries or major damage occurred. near Eilat, but there were no injuries or major damage.

Tensions have also increased around the Strait of Hormuz. Iran’s Revolutionary Guard warned ships linked to the US that they could face danger if they used what Tehran called unsafe routes.

Meanwhile, Kuwait reported another strike on an electricity and water facility, causing a fire. Gulf countries accused Iran of attacking civilian infrastructure, while Iran accused the US of hitting civilian locations such as bridges and transport facilities.

The US rejected those claims, saying its attacks focused only on military targets. The conflict has caused heavy casualties. Iran’s health ministry said at least 50 people Iran’s health ministry reported that US strikes over the past three weeks have resulted in at least 50 deaths and more than 500 injuries. and more than 500 injured in US strikes over the past three weeks.

A previous ceasefire agreement between Washington and Tehran collapsed within weeks. Iran’s Supreme Leader Mojtaba Khamenei later accused the US of breaking promises and said American commitments could no longer be trusted.

What Led an Olympic Cyclist to Drive Despite a Ban?

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Australian cyclist Rohan Dennis has admitted to driving even though he was banned from getting behind the wheel for five years. The 36-year-old appeared in the Adelaide Magistrates Court on Friday after police stopped him last month. Officers found Dennis driving with two children in the vehicle. He was charged with driving while disqualified.

The driving ban was imposed after a tragic incident in December 2023 that led to the death of his wife, fellow Olympic cyclist Melissa Hoskins.

In 2025, Dennis received a suspended prison sentence after pleading guilty to one aggravated charge of creating the likelihood of harm. As part of a plea agreement, prosecutors dropped two more serious charges.

The court ruled that Dennis was not criminally responsible for Hoskins’ death. However, the judge found that his actions had been reckless. During the earlier court case, it was revealed that the couple had argued about planned kitchen renovations before Dennis decided to leave in his car.

Hoskins, whom Dennis married in 2018, first climbed onto the bonnet of the moving vehicle. She later held onto the driver’s door as the car continued to move. She eventually lost her grip, fell onto the road, and Eventually, she lost her grip, fell onto the road, and the vehicle struck her.. Hoskins suffered critical injuries and later died in hospital.

When Dennis was sentenced last year, the judge handed him a 17-month prison term but suspended it. Instead of serving time in jail, he was placed on a two-year good behaviour bond. He was also banned from driving for five years. The disqualification began on the date of the fatal incident, which occurred on the date of the fatal incident, which occurred on the date of the fatal incident in December 2023.

At Friday’s hearing, prosecutors asked for the latest driving offence and the alleged breach of his good behaviour bond to be dealt with together in the District Court. Dennis did not contest the new charge. The father of two is due back in court in September, when the case will continue and the court will decide what to do about the latest offence.

Northern Mozambique’s Financial Divide: The Battle to Connect Millions to the Digital Economy

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With the passing of time, mobile phones connect people to various financial as well as commercial services everywhere in the world. However, some areas in Northern Mozambique still suffer from isolation, which hampers both development and the financial independence of the local communities. According to a newly released study, published on July 20, 2026, the situation had not improved significantly in the past years, and people living in the northern provinces of Mozambique still lack access to banks, various digital payment systems, and other financial means of information exchange.

To access banking services, the locals living in Northern Mozambique often have to travel long distances. For numerous persons out there, it requires enormous amounts of time, for example, hours or even the entire day, to reach a bank or any other financial institution simply due to poorly developed infrastructure in that region.

This situation is especially important at present because financial inclusion starts to be treated as one of the most significant aspects of development. Indeed, digital banking and mobile money have indeed transformed the way people receive payments, manage their businesses, and access essential services worldwide. how people are paid, run their businesses and seek major services around the globe. Still, northern Mozambique struggles with the unfavourable geography, insecurity, insufficient infrastructure, and inadequate digital connectivity that continue to create a financial gap.

Mozambique has been progressing in improving access to finance through mobile network channels. Indeed, according to the financial inclusion indicators released on 17 July, 2026, by Banco de Moçambique, the country has managed to grow in terms of mobile money agents and banking points. However, the report notes that the situation varies by region and between urban and rural populations.

The situation in the northern provinces indicates significantly more serious problems. In this part of the country the population has experienced a prolonged period of violence and instability due to the activities of insurgents, which has affected economic development, displaced the local communities and deterred investments in the region. Besides, experts from international financial institutions express concern about the security situation and infrastructure problems that remain inconvenient for the development of Mozambique.

The repercussions of this situation can be severe. Without access to financial services, entrepreneurs cannot run their businesses, and farmers cannot obtain loans for essential farm equipment. In fact, when people do not have easy access to funds, their problems greatly increase.

Nevertheless, we should not forget about the possibility provided by the digital finance sector, which is on the rise in Mozambique. The development of mobile money platforms and agent banking may lead to improvements in telecommunication networks. Thus, remote communities will be able to establish a connection with the rest of the world; however, proper financial investments should be used for that.

Generally speaking, Mozambique’s financial situation is more complicated than just opening new branches of banks. The country needs to connect its citizens to the new economy.

The policymakers should therefore address the issue of how the northern part of Mozambique can be developed from a total financial desert.

FOMO Is Fading: How Australia’s Housing Market Went from a Buying Frenzy to a Waiting Game

Australia’s housing system has stopped moving to the beat of panic buying as it used to. Investors rushing to auctions after getting little time to think has become a thing of the past. National auction clearance rates are now very close to the 50 per cent mark, and open home attendance has fallen to record levels. While the market remains alive, it is not moved by fear anymore. Now buyers are becoming aware that the chase for real estate has changed into a waiting game.

According to data provided by Cotality, in the current auction week. The auction clearance rate in the country went down to 50% from the previous week when the clearance rate was 54.8%. Even though this is a sub-par figure from the perspective of history, it signifies some improvement in the trends seen in late June and early July. Tim Lawless, who holds the position of research director at Cotality, noted that the poor clearance rates can be attributed to the lowered withdrawal rate according to which fewer auctions are cancelled before taking place. This, however, does not change the fact that in general, the picture is somewhat bleak as already mentioned previously, auction volumes were up by 4.7% from the week before, but still 12.6 % lower than the previous year.

The deceleration is not consistent across the entire country, but the national sentiment is clear. Melbourne topped the list with 599 auctions, followed by Sydney with 444 and Brisbane with 163. Adelaide has shown resilience, while Canberra has declined sharply, with Perth and Tasmania practically disappearing from the auction scene. Canberra’s preliminary clearance rate reached 27.8%, which is the lowest preliminary number it has had since March 2019, showing how quickly some markets cooled down. On the other side, Melbourne has obtained the highest preliminary clearance result in five weeks at 56.5% but has not yet fully recovered.

One interesting pattern of the market has been seen in the attendance at open homes. Ray White concluded their analysis on the topic, showing that in the period between June 14 and July 11, the attendees averaged 2.1 persons, which is significantly less than last year’s 3.6 average. In other words, the market shows a considerable slowdown. Ray White’s chief economist Nerida Conisbee explained the situation, saying that the market suffers from the impact of three increases in interest rates this year, the negative consumer sentiment, as well as the global geopolitical issues. The Reserve Bank of Australia reports that the cash rate went up to 4.35 percent in 2026. Moreover, the information provided by the bank indicates that the financial situation has constrained due to those increases.

With the advent of changes and updates in policies comes the need to be extra careful, most importantly for the investors. According to Consbee, not only do the different changes in the federal budget, including the changes in the negative financing and taxes, lead to the uncertain environment, but he also emphasised that the decline in the market was already noticeable before the budget. On the other hand, Price, an agent, adds that the issue is more complicated than just a policy change – the high rates of borrowing, as well as high rates of inflation and high living expenses, have limited the possibilities of potential buyers and lowered their confidence levels too. For instance, in South-East Queensland, the attitude towards buying has changed from “the fear of missing out” to “Let’s wait and see.”

However, just because the market has cooled off does not mean it has completely died. Conisbee explains that a property needs just one determined purchaser, and properties that are well priced will continue to attract considerable interest from potential buyers. The more significant change comes in the way buyers themselves think: they no longer rush to the finish line. Instead, buyers are now comparing prices and being more demanding regarding what value they are getting from their purchases. Thus, determining how things will play out in the spring selling season will be of great importance. If buyers become more positive about the market, it may lead to stabilization of the activity, whereas, in the opposite case, the market would have to deal with the prolonged cooldown stage.

China Accelerates Government Infrastructure Spending Plan as Economic Growth Faces Pressure

Economists and one government adviser predicted that China may stabilise its economic growth during this year. This is by accelerating already-budgeted national infrastructure investment projects. This strategy was to reduce the likelihood of large-scale fiscal stimulus.

Beijing anticipates addressing an unexpected decline in investment across all sectors. Data on Wednesday, 15 July ’26, reflected that growth had dragged on this year. This is while sustaining tight control over local government spending.

This decline comes as local officials face stricter security on capital expenditures. Authorities blame unproductive infrastructure projects and industrial overcapacity besides deflationary price wars among manufacturers.

Li Daokui, an economics professor at Tsinghua University, implied during an economic forum on Saturday, 11 July ’26, that local governments were the single biggest factor behind the current cooling of China’s economy.

Daokui added that they were now under pressure to repay debt.

 

China is reshaping its investment engine by curbing waste and overcapacity.

Accelerating national infrastructure projects could mitigate the impact of tighter local budgets.

According to state media, Beijing intends to invest USD 1 (Yuan 7) trillion this year on upgrades besides new construction spanning water networks, logistics, underground pipelines, power grids, and telecommunications as well as computing power centres. Chanjiang Securities estimates that such investment may total USD 4.04 trillion (Yuan 26.9 trillion) over 5 years.

Economists cautioned that the push is merely a recalibration of the investment-led growth model that may have powered the world’s second-largest economy for years. The initiative aims to reduce waste and excess capacity, rather than engineer the long-sought consumer-led shift desired by trading partners. Instead of engineering the long-sought consumer-led shift that trading partners want, the initiative aims to cut waste and excess capacity.

China Accelerates Government Infrastructure Spending Plan as Economic Growth Faces Pressure

China’s economic growth has been led by exports over the last 2 years

Policymakers are betting that projects championed by the central government, along with capital channelled into high-tech industries more broadly, may generate employment besides productivity gains. This may break a decade-long pattern in which investment generated more debt than growth.

China’s director at Eurasia Group, Dan Wang, implied that China’s now investing everything behind technology to increase productivity. This strategy may be the only way out besides also being the best way out, he added.

A government adviser expressed optimism that investing in computing power may yield better results. However, he also warned that extending new water networks into shrinking demographic areas risks misallocating resources.

An adviser, who requested anonymity due to the sensitivity of the subject, asserted that, frankly, he thinks this kind of large-scale investment makes little economic sense. It’s expected to become another cycle of borrowing to repay old debts.

Some policy advisers believed that investing in people was a better use of the funds. This approach was in comparison to reinvesting in inefficient or even useless fixed-asset investments, excluding inefficient or even useless fixed-asset investments besides infrastructure.

 

Scrutiny on local governments

China’s fixed-asset investment contracted by 5.7% year-on-year during the first six months of ’26. This was with infrastructure investment declining by 2.4% and manufacturing declining by 1.2%; besides real estate, it witnessed a severe downturn since 5 years ago in ’21 by plunging by 18%.

 

Waste management

China invested less last year in ’25 when compared with prior years.

Tsinghua Li estimated that local government expenditure has declined by 6% to 35% of GDP from a previous 41% a few years back. Capital expenditure declined faster than payroll or other operating expenses.

Reuters research reflects that China issued USD 0.31 (Yuan 2.07) trillion in special bonds during the first half. That’s 47% of the allowance granted by Beijing compared with 49% during January-June ’25.

The adviser implied that it was possible that an end-July meeting of the Politburo, the top decision-making body of the Communist Party, may ask local governments to accelerate projects. This is besides permitting them to ‘moderately frontload’ their 4th-quarter debt quota into the 3rd quarter.

Even so, he expressed doubt over whether projects that cannot repay financing costs from their revenues may receive approvals.

 

New Malaria Drug Candidate MMV367 Shows Rapid Parasite Killing and Hope Against Drug Resistance

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Healthcare (Commonwealth Union)Malaria was initially discovered by French doctor Charles Louis Alphonse Laveran in 1880. The disease has been a serious health concern for many decades, often disrupting many lives.

An initial-stage clinical trial of a promising new non-artemisinin malaria treatment has shown that the drug candidate can quickly eliminate malaria parasites and was generally safe and well tolerated among infected volunteers. The findings suggest the medicine could become a valuable option for treating uncomplicated malaria and help address the urgent need for new therapies as parasite resistance to existing drugs continues to increase.

The compound, known as MMV367/GSK3772701, is believed to target and inhibit two key enzymes that malaria parasites rely on, potentially interfering with an essential metabolic pathway required for their survival inside red blood cells.

Researchers tested this new mode of action in people infected with malaria through a Phase 1 clinical trial led by scientists from QIMR Berghofer, in partnership with UniSC Clinical Trials. The study was supported by the non-profit organisation Medicines for Malaria Venture (MMV) and pharmaceutical company GlaxoSmithKline (GSK).

Malaria remains a significant worldwide health challenge, causing more than 280 million infections each year, with recent efforts to reduce its impact facing setbacks. Over time, malaria parasites have developed resistance to multiple treatments, reducing the effectiveness of existing medicines. Reduced sensitivity to artemisinin-based therapies — the foundation of current malaria treatment — has been documented in South-East Asia for around 20 years and has more recently emerged in parts of Africa.

A new study published in Science Translational Medicine tested the potential malaria treatment in 12 healthy volunteers who were deliberately exposed to a small number of Plasmodium falciparum parasites in a highly monitored clinical setting. Participants were then given varying single doses of MMV367/GSK3772701 to assess its effectiveness and safety.

The results showed that a single dose of 20 milligrams or more acted rapidly, eliminating half of the malaria parasites circulating in participants’ blood within just two to four hours. This rate of parasite clearance was similar to that achieved by artemisinins, which are currently a key part of standard malaria treatment.

Associate Professor Bridget Barber, Head of the Clinical Malaria Group at QIMR Berghofer and an Infectious Diseases Physician at Royal Brisbane and Women’s Hospital (RBWH), said the experimental drug demonstrated strong activity against Plasmodium falciparum malaria parasites.

She highlighted the ongoing need for new antimalarial medicines due to the increasing risk of parasite resistance to existing first-line treatments. According to A/Prof Barber, MMV367/GSK3772701 represents a completely new class of antimalarial drugs that targets the parasite through a different mechanism compared with current therapies.

“Our study found that doses over 20 mg were generally well tolerated by participants and rapidly killed the malaria parasites, and we saw no evidence of drug resistance. In the right combination with other anti-malaria compounds, it also has the potential to be administered as a single-dose therapy, rather than multiple doses of current standards of care.”

 

The findings indicate that MMV367/GSK3772701 warrants additional evaluation in malaria patients living in endemic areas, including regions such as sub-Saharan Africa. Stephan Chalon, a lead author of the study and Vice President of Experimental Medicine and Clinical Development at MMV, said the organisation was encouraged to have contributed to early research identifying a possible rapid-acting, single-dose, non-artemisinin treatment option for people with malaria. He added that achieving malaria elimination will require expanding the drug development pipeline with innovative medicines capable of providing alternatives if existing treatments become ineffective.

Dr. Harmony P Garges, GSK’s Chief Global Health Officer, highlighted that the battle against malaria continues, with rising drug resistance posing an ongoing threat. She further ppointed out that the initial results are promising and mark an important milestone in the search for new therapies to help treat the millions of people worldwide who are affected by this serious disease each year.

 

Canada-U.S. Trade War Hits Wine Industry as California Producers Push for End to Alcohol Boycott

A Democratic U.S. senator has posted on social media, urging Canada to reconsider its boycott on American alcohol, especially wine from California.

In a post on X, California Senator Adam Schiff indicated that the boycott of California wine was causing devastating harm to winegrowers.

Last month, Schiff sent a letter to Quebec Premier Christine Frechette, asking her to reconsider the boycott in the province.

Schiff added that Quebec consumers have historically enjoyed access to a wide variety of American wines. As such, their absence restricts choice in the marketplace. This was while cutting off USD 308.14 (CAD 434) million from the market. He added that unfortunately, the restriction on American wine has had damaging consequences for regional consumers and businesses besides producers who have no influence over national policies.

He went on to add that reopening the market to American wine may restore consumer choice, besides signalling a commitment to restoring fair and balanced trade. This situation arose because Quebecois consumers and American wineries are not connected to the underlying trade disputes.

In a statement to CTV News in response, Frechette’s office stressed that Quebec was standing firm on the boycott measures.

Canada-U.S. Trade War Hits Wine Industry as California Producers Push for End to Alcohol Boycott

The response statement also emphasised that, in light of the ongoing trade war, the premier remains committed to defending Quebec’s economic interests. This measure may remain in effect as long as the U.S. sustains these unjustified tariffs. Quebec’s government may re-evaluate its position once the American administration reverses these measures.

In the meantime, New York Congresswoman Claudia Tenney announced this week that she’s launching legislation to investigate unfair trade practices. Additionally, the legislation is known as the Combatting Attacks on American National Alcoholic Drinks by Allies or Canada Act.

Ontario Premier Doug Ford maintains that his province won’t back down.

 

Canadian booze retailers thriving

At Westcott Vineyards in Ontario’s wine-rich Niagara region, owner Carolyn Hurst was glad for premiers who weren’t backing down.

As a direct result of the March ’25 booze ban, Hurst says that Westcott sales at the LCBO have increased 600 per cent. On-site sales have surged 20%. As such, she added that she was compelled to expand her operations by the 3rd. This expansion will involve planting an additional 30 acres of vineyards. This is besides the permitting process for an expansion building.

 

Beyond an Airport: Sri Lanka’s Bold Vision to Turn BIA into a World-Class Aviation Gateway by 2055

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Sri Lanka is poised to transform the future of its aviation sector with its ambitious long-term expansion programme to develop Bandaranaike International Airport (BIA) in Katunayake into an exceptional world-class aviation hub for millions of passengers in the coming years. This project has been included among the country’s main priorities regarding infrastructure development as it plans to boost tourism, trade, investment and international communications along with it.

The announcement made on Thursday, 16 July 2026, tells of a brave plan suggesting that BIA improve its capacity and boost the effectiveness of its operation to satisfy the needs of the growing aviation market. The long-term plan of development of BIA presupposes increasing the airport’s annual passenger capacity up to 24.2 million passengers by 2055, which will enable Sri Lanka to become an aviation hub between South Asia, the Middle East and the Asia-Pacific region.

At present, BIA is the main entry point for foreigners visiting Sri Lanka; it makes air travel easier and more efficient not only for regional travelers but also for visitors coming to the country from all parts of the globe. This airport serves tourism, which relies heavily on excellent international air connectivity. In the light of the growing competition in global tourism, modern airports are becoming much more than just transport means; they become powerful tools for attracting investments and visitors to a particular region.

The development strategy is based on such concepts as renovation of existing arrival and departure facilities; building the necessary additional terminal infrastructure; and applying modern technologies in terms of digital solutions to improve services and comfort at the airport.

The major aspect of this project is the renovation of Terminal 1. On July 14, 2023, the Cabinet approved signing a contract worth approximately US$7.26 million. Due to this contract, a new building will be constructed there, and it will feature 36 checking-in terminals and six additional corridors connecting the terminal and the airfield, which will help increase the passenger flow at the terminal.

On its financial side, BIA’s broader renovation programme demonstrates the willingness of the authorities to build infrastructure capable of facilitating Sri Lanka’s economic goals. The terminal improvement initiative, which cost LKR 15 billion (around USD 50 mn) and had its budget publicised earlier, is expected to enhance on-flight services, security systems, and baggage handling.

The BIA expansion represents an investment in Sri Lanka’s future that entails an increase in travelers. The new airport will allow countries to conveniently accommodate tourists and carry out international trade. It may also contribute to the growth of the employment market.

The timing of this expansion is crucial for Sri Lanka as the country is actively trying to rebuild the trust of international travelers and investors. A modern air travel hub would help Sri Lanka compete with airports in the region such as Singapore, Dubai, Bangkok, and Kuala Lumpur, which have now become the best examples of global connectivity and economic growth.

Over the decades, BIA has evolved from a modest international airfield into Sri Lanka’s busiest aviation hub, serving as the main entry point for millions of passengers, international airlines, cargo operations and tourism-related travel. Today, it functions as the principal gateway connecting Sri Lanka with destinations across Asia, the Middle East, Europe and beyond.

On August 14, 2017, Emirates Airlines made the first commercial flight of an Airbus A380-800 in Bandaranaike International Airport (BIA), which contributed to the experience of celebrating the upgraded runway. Although the date allegedly was recorded incorrectly as January 9, 2012, the arrival of the superjumbo confirmed the airport’s ability to receive the largest commercial aircraft in the world.

From its wartime origins to its emergence as Sri Lanka’s premier aviation gateway, BIA’s story mirrors the nation’s own progress in connecting with the world and preparing for the future of global air travel.

Considering that the passenger numbers will be increasing in the future, it is clear that Sri Lanka is not merely expanding BIA as an airport but is actually redesigning it as a national symbol.