Sri Lanka Brief
Economy

Economy

  • Budget 2017 is elitist- Ahilan Kadiragamer Read more >

    Budget 2017 is elitist- Ahilan Kadiragamer

    The Budget 2017 was created by the elites for the elites, Jaffna based researcher, Ahilan Kadirgamar said stating that the trade and financial liberalization along with privatization propagated by this Budget will take the country towards financial doom. What is your overall view of the Budget? A: I am very concerned about this Budget because […]

  • Political justice is not enough to rebuild Sri Lanka Read more >

    Political justice is not enough to rebuild Sri Lanka

    ( Selling fish in Negambo fish market, August 2016 ©s.deshapriya) by Timothy Ryan. For Sri Lanka, gender equity will be fundamental to a stable, peaceful and equitable future The civil war that raged for 26 years in Sri Lanka was always about more than political grievances. The politics were rooted in economic and social disenfranchisement […]

  • 200,000 Job Vacancies: Huge HR Dilemma At All BOI Zones! Read more >

    200,000 Job Vacancies: Huge HR Dilemma At All BOI Zones!

    (Upul Jayasuriya) By Azhar Razak . Amidst the current hue and cry opposing the movement of natural persons (Mode 4) for services in the proposed ETCA agreement with India, the head of Sri Lanka’s main investment promotion agency last week revealed that the country’s twelve BOI-Administered Industrial Zones are presently struggling to fill a staggering […]

  • Sri Lanka: Business Confidence Plummets To A 28-month Low Read more >

    Sri Lanka: Business Confidence Plummets To A 28-month Low

    “The barometer of biz confidence plummets, as recent tax hikes and policy uncertainty have members of the corporate community scratching their heads over what the future holds,” says leading business magazine LMD, in its July edition. It adds that the June LMD-Nielsen Business Confidence Index (BCI) suffered another sharp fall, continuing its southbound trajectory – […]

  • Why We “Say NO to CB Governor Arjuna Mahendran” – ACF Read more >

    Why We “Say NO to CB Governor Arjuna Mahendran” – ACF

    (Face book poster: Remove Arjun Mahendran) Anti-corruption Front (ACF) commenced “its Say No to Arjuna Mahendran” considering the chaos he was creating in the Central Bank of Sri Lanka and the overall financial sector by his blatant misuse of power and treasury deal scams. His actions have undermined the entire banking sector and thus have […]

  • Why Sri Lanka’s Economic Outlook is Looking Less Rosy Read more >

    Why Sri Lanka’s Economic Outlook is Looking Less Rosy

    (An auto-rickshaw drives along a flooded street in Colombo, Ishara S. Kodikara | AFP | Getty Images ) By Leslie Shaffer/CNBC. Sri Lanka’s deal with the International Monetary Fund (IMF) may have averted a crisis, but the bailout may undermine a key source of strength: the country’s impressive economic growth rate. The deeply indebted country […]

  • Democracy in Still Decided  Post War Sri Lanka Read more >

    Democracy in Still Decided Post War Sri Lanka

    19 April 2016, Colombo, Sri Lanka: According to the latest ‘Democracy in Post War Sri Lanka’ survey conducted by Social Indicator, the survey research unit of the Centre for Policy Alternatives, Sri Lankans have a low level of confidence in the Government’s commitment towards eradicating corruption in the country. While 40.8% are of the opinion […]

  • Sri Lanka Accepts Chinese Demands to Avoid Debt Trap Read more >

    Sri Lanka Accepts Chinese Demands to Avoid Debt Trap

    (Sri Lanka’s Prime Minister Ranil Wickremesinghe,  chats with Chinese Premier Li Keqiang during a welcome ceremony outside the Great Hall of the People in Beijing, April 7, 2016.) Saibal Dasgupta /BEIJINGSri Lanka has agreed to resume work on a Chinese-funded $1.4 billion Colombo Port City project that had stalled a year ago.The decision to restart […]

  • Ceylon Chamber of Commerce to Support ECTA with India Read more >

    Ceylon Chamber of Commerce to Support ECTA with India

    (A  protest launched by several professional organizations against the ECTA  in Colombo) The Ceylon Chamber has reaffirmed  its fullest support towards an agreement that widens and deepens our economic engagement with India, while reiterating the need for systematic stakeholder consultations, clear and coherent communications, and firm commitment to tackling issues faced by businesses. The statement issued […]

  • Glance at 2015: No Ground to Lose Hope; There are Opportunities to Salvage the Reform Process Read more >

    Glance at 2015: No Ground to Lose Hope; There are Opportunities to Salvage the Reform Process

    (Prime Minister Ranil Wickremesinghe being greeted by President Maithripala Sirisena during the former’s swearing-in ceremony.) -By Jayatilleke de Silva. Journalists, especially political columnists whose vocation is writing contemporary history or recording action and events as they happen live have, nevertheless, a customary habit of looking back at the year that just receded on every New […]

  • Sri Lanka Year in Economic Review 2015

    In the wake of general elections earlier this year, Sri Lanka has emerged with a renewed emphasis on economic reforms and fiscal consolidation, which has allayed concerns for many local and foreign investors. Until August, election delays had effectively created a wait-and-see approach in the private sector, with investors pressing pause on several high-profile projects. […]

  • No to CEPA but Nod for Economic and Technology Collaboration with India: Ranil Read more >

    No to CEPA but Nod for Economic and Technology Collaboration with India: Ranil

    Sri Lankan Prime Minister Ranil Wickremesinghe on Wednesday reiterated his government’s position that it would not sign the Comprehensive Economic Partnership Agreement (CEPA) with India but it would enter into a pact on economic and technology collaboration with the neighbour. Expressing his government’s reservations about allowing Indian professionals into Sri Lanka under any new agreement […]

  • Budget for Business: A Red Flag for the People – Ahilan Kadirgamar

    The 2016 Budget has been welcomed by the business and economic establishment. The big question is whether economic policies good for business are necessarily good for the economy and the people? To what extent are the economic policies in the 2016 Budget and the Prime Minister’s Economic Policy Statement different from the crisis-prone economic policies […]

  • Sri Lanka Govt Urged Not to Cut Social Spending Read more >

    Sri Lanka Govt Urged Not to Cut Social Spending

    ECONOMYNEXT – Sri Lanka’s main business lobby, the Ceylon Chamber of Commerce, has urged the government to improve tax revenues and public sector efficiency in cutting the budget deficit and not trim public investments in social infrastructure. It said welcomed the economic policy statement made by Prime Minister Ranil Wickremesinghe delivered in Parliament on November […]

  • China Sends Special Envoy to Sri Lanka to Mend Ties Read more >

    China Sends Special Envoy to Sri Lanka to Mend Ties

    (The US$1.4 billion Colombo Port City project was shelved after Mahinda Rajapaksa lost power. Original photo: Reuters) In a significant move, China has dispatched a special envoy to Sri Lanka, where major Chinese investments are being reviewed since a Beijing-friendly president was ousted from power in January and a recent parliamentary election reinstated a national […]

  • Daunting Economic Challenges for the New Government

    by Nimal Saderathne. Enormous economic challenges confront the coalition government. Facing up to these economic problems after months of political preoccupations and electoral politics is no easy task. It is much more than changing the mindset from electoral politics to economic management as it has to deal with more serious fundamental economic problems than before […]

  • Sri Lanka Bid for Female Workers Raises Questions

    Before more women enter booming, male-dominated sectors, what about harassment and violence? And who does the housework? “Unless men enter the kitchen, women cannot enter politics,” a leading activist told a recent U.N. forum.   By Chandani Jayatilleke/ WeNews correspondent. (WOMENSENEWS) –The nimble fingers that pluck the leaves to make Ceylon tea, the island’s best […]

  • The Economy Rajapaksa Left Behind – R.M.B Senanayake Read more >

    The Economy Rajapaksa Left Behind – R.M.B Senanayake

    In the last three years of MR’s regime, economic growth was high and ranged from 7- 8.5%. The growth was driven by the government infrastructure investment programme. Roads and expressways, ports and airports were built; funded by foreign borrowings mostly from China. The interest rates varied from 5-6%. But investments funded by foreign borrowing must […]

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