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Sunday, February 28, 2021

Economy

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Sri Lanka’s bonds tumble as default worries mount

Image credit: REUTERS/DINUKA LIYANAWATTE Sri Lanka's government bonds tumbled on Tuesday as warnings that the country was at increasing risk of default continued to mount...

Sri Lanka: Vistas of Bankruptcy and Misery – Dr. Ameer Ali

Image: The current controversy over Muslim burial issue has become handy to deflect the growing anti-regime anger. Saner minds from all communities are appealing...

Bleak economy, market mafia and militarised rule – Dr. Ameer Ali

There is no gainsaying that the economy is in dire straits. Although the Budget submitted to the Parliament glossed over the gravity of confronting...

Sovereign default risks to rise further in 2021; Sri Lanka among the high risk countries: Goldman Sachs

LONDON (Reuters) - Sovereign default risks are on course to rise further in 2021, with Iraq, Sri Lanka, Angola and Gabon at high probability...

Preconditions for Sri Lanka’s sustained economic development – Nimal Sanderatne

(Image courtesy of blogs.worldbank.org) Although the immediate task of the Government is to resolve the present economic crisis and stabilise the economy, people’s expectations are...

Covid-19 and Sri Lanka : Issues and challenges – Sunil Bastian

Image Courtesy fo  IANS. When globalisation was the dominant concept for looking at the world, pandemics were discussed as a global security issue. The objective...

Economy is Gota’s enemy no. 1. If he fails to defeat it, he would become people’s enemy no. 1. – Dr. Ameer Alli

Image: Gota checking rice price. All good things must come to an end. Gota’s victory over LTTE and limited victory over COVID-19 are fast turning...

A New Deal for Sri Lanka in order to keep unemployment, debt and hunger away – Mangala Samaraweera

The worst economic crisis since Independence is upon us. For some decades now the grim clouds of debt, waste and corruption have been gathering...

Wickremesinghe highlights economic & financial perils facing Sri Lanka & calls for a plan of action

Image: Slippers left after the stampede on 21 May at Maligawatta, Colombo that killed 3 poor women who gathered to collect a few hundreds...

Sri Lanka: Horrendous economic consequences of the corona pandemic – Nimal Sanderatne

Image courtesy of www.reddeeradvocate.com. The corona pandemic is spreading like wildfire. Its economic consequences are severe, increasing and unpredictable. It is worse than a recession....

Corona virus epidemic damages Sri Lankan economy

Image: Sri Lankan Airlines staff wear masks at Bandaranaike International Airport after Sri Lanka confirmed the first case of coronavirus in the country, in...

Gota’s economic war: Ferocity of the enemy makes the challenge frightening – W.A. Wijewardena

Image: All these sectors  of the three tree crops comprising tea, rubber and coconut, apparels and telecommunication services have now reached their saturation point...

Millennium Challenge Corporation Compact — MCC Sri Lanka — UPDATING document – Prof Kushan Liyanarachchi

In Brief What is MCC? It is an independent development organization, like USAID, funded by US Taxpayer dollars. Is MCC a grant or a loan? A Grant....

Sri Lanka Presidential election 2019: Premadasa manifesto – Is it better than Gotabaya’s? – Waruna Singappuli

Image: Sajith Premadasa. The election manifesto of Sajith Premadasa was released last week and it is interesting to analyse it with the same criteria that...

Sri Lanka: Will presidential poll ensure political stability and economic growth?

On November 16, a new pesident will be elected. Will the election usher in political stability or will the post-election period be one of...

Post-war development: New direction needed for north, says new study

Image: Post-war development centered on building infrastructure etc has failed. A study commissioned by the Central Bank of Sri Lanka urges a fresh approach to address post-war...

Sri Lanka’s political problems imperil a fragile economy

Image: A dock worker is seen on top of shipping containers in a ship at the main port in Colombo, Sri Lanka, 21 June 2018...

2018 in retrospect: An ‘annus horribilis’ for Lankan economy? – Nimal Sanderatne

The year that is coming to a close was one of political uncertainty and economic instability. The economy, which was showing some signs of...

The European & American Chambers of Commerce of Sri Lanka concerned over political uncertainty in SL

The European Chamber of Commerce of Sri Lanka (ECCSL), the American Chamber of Commerce (AMCHAM) and the Delegation of German Industry and Commerce in...

Renewed Interest for economic resurgence in North [of Sri Lanka]- Dr. Ahilan Kadirgamar

By Azhar Razak. Q. There is a view that the Northern populace has strong connections to the Tamil diaspora and therefore more support can be...

Sri Lanka: European Investment Bank confirms backing for Colombo water network

The European Investment Bank will provide EUR 50 million to support improvement and expansion of sewage networks across the Sri Lankan capital Colombo. The...

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...

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...

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...

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...

Sri Lanka Govt Exceeded Approved Credit Limit by 1570 Billion – Auditor General

( Minister of Finance Ravi Karunanayake Vs Auditor General Gamini Wijesinghe) Auditor General Gamini Wijesinghe re-assures the 100% accuracy of the report he submitted stating...

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...

EU to Provide LKR 38 Billion for Development Cooperation with Sri Lanka

(Image: EU Ambassador HE Mr David Daly speaks at a  Media Conference in Colombo) Joint Press Release following the meeting of the Working Group on...

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...

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...
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Sri Lanka: Persistent denial of the right to internal self-determination entitle a People to external self-determination. -TNA

Writing to Experts Committee to Draft a new Constitution for Sri Lanka the Tamil National Alliance says that  "the failure to offer a meaningful...
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HRC 46: International HR organisations call for international action & protection of HRDs in Sri Lanka

Image: Nada Al-Nashif, Deputy High Commissioner for Human Rights making concluding remarks at the ID on Sri Lanka report. Making interventions at the interactive dialogue at...

LTTE atrocities and the report of the OHCHR investigation on Sri Lanka

Many reports of the United Nations and International Human Rights organisations such as Human Rights Watch have documented human rights violations by LTTE for...

The End of an Era of Extremism in Sri Lanka –  Victor Ivan

Image: Every leader commencing from Anagarika Dharmapala up to Gotabhaya who had led the country along this path have disrupted the country and carried...