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Saturday, January 23, 2021

Economy

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European Commission Announces €38 Million for New Development Programmes in Sri Lanka

( In remote country side people has to travel in smaller trucks) Today the European Commission will co-sign two new support programmes worth €38 million...

Sri Lanka’s Embrace of China Investment Heightens Regional Geopolitical Risk

(A worker looks on at the Colombo Port City construction site, which is backed by Chinese investment, Feb. 2. © Reuters) TOKYO -- Sri...

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...

Sri Lanka’s Looming Economic Crisis

By W.A Wijewardena.                                          ...

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...

Sri Lanka Rupee Seen Falling Further in 2016; Might Hit 160 per US $

ECONOMYNEXT – The Sri Lankan rupee is expected to weaken further next year, possibly to the 148-160 rupee to the US dollar level if...

Sri Lanka Labour Force 9mn, Unemployment Rate 5% in 3Q 2015: Census Dept.

Dec 23, 2015 (LBO) – Sri Lanka’s labour force is about 9.0 million in the Third quarter of 2015, of which 64.5 percent are...

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...

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...

Staggering External Debt: Lanka’s Economy May Dip Similar to Greece – Economists

Tax experts and economic analysts cautioned that the country’s economy may take a dip similar to Greece which needed bail outs to avoid defaults...

TABLE-Sri Lanka November Consumer Prices Rise to 10-month High

COLOMBO, Nov 30 Sri Lanka's consumer prices in November rose to 10-month high of 3.1 percent from a year earlier, the Department of Census and...

10 Special Projects to Boost Living Conditions in Former Conflict Areas

With the end of the conflict in the Northern Province, many concerted and coordinated efforts are being made by the Government to move forward...

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...

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...

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...

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...

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...

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...

Sri Lanka Govt Paid Former IMF Boss Dominique Strauss-Kahn US$ 750,000

Dominique Strauss-Kahn, the shamed former IMF Managing Director involved in many sex scandals, unknowing to many had been hired as a costly advisor to...

Sri Lanka: 4000 US $ GDP promise for 2015 will not reach even by 2026

By Verite Research-- Explaining the mirage of GDP growth optimism Optimism about Sri Lanka’s future growth abounded at the Ceylon Chamber of Commerce’s economic...

JHU leader says debt crisis is acute

The country currently confronts a worsening economic crisis and the debt accumulation exceeds the annual household income, Minister Patali Champika Ranawaka said. The Minister...

Minster Weerawansa takes Govt to task; says Secretary to the Treasury should be in jail

Dr. P.B. JayasunderaDr. PB belongs in jail – Wimal Reiterating that Secretary to the Treasury, Dr. P.B. Jayasundera, is an economic assassin who is...

Sri Lanka: Geneva resolution “counter-productive”, says Ceylon Chamber

SL AMB Ravinatha at UNHRCThe resolution against Sri Lanka which was passed in Geneva on Thursday has been condemned as “counter –productive,” by the...

Sri Lanka: Busting capital expenditure myth

Consider this simple question: “Does the present government have a strong commitment to high levels of capital expenditure?” Today in Sri Lanka most analysts...

The post war winners: urban rich or rural poor?

For some time now it has been quite clear to economists that assessments of economic performance cannot be solely focused on overall income...

Warning: Vicious debt trap ahead!

Increasing foreign debt burden despite improved external financesIn spite of the Central Bank announcing that “Gross Official Reserves increased to US$...

TISL wants Heads of Parliament to appoint Select Committee to probe national socioeconomic data

Transparency International Sri Lanka (TISL), the national chapter of the global anti-corruption movement,has requested Speaker Chamal Rajapaksa and all the party leaders to take...

Sri Lanka chambers ask for probe on official statistics

Economic downturn   Sri Lanka’s key business chambers have called for a probe on official statistics following reports on how an official was allegedly asked...

The Bubble

Tisaranee Gunasekara“All that is solid melts into air, all that is holy is profaned…”. - Marx and Engles (The Communist Manifesto)  Once upon a...

Sri Lanka: Official alleges Growth Rate massaged; 5.5 growth rate changed to 6

The Census and Statistics Department’s National Accounts Division Director H.S. Wanasinghe in a revelation made during an investigation, the report of which is now...
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Must Read

Amnesty International urges UNHRC to establish an international accountability mechanism on Sri Lanka

Image:© sunanda deshapriya සුනන්ද දේශප්‍රිය. In a paper presented the member states of the UNHTC, Geneva Amnesty International has urged the United Nations (UN) Human...
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THE HILL WE CLIMB- Amanda Gorman

When day comes we ask ourselves, where can we find light in this never-ending shade? The loss we carry, a sea we must wade We've braved the belly...

Sri Lanka President appoints a CoI on human rights violations weeks before the HRC 46

Image~ Sri Lanka flag at the UNHRC, Geneva © sunanda deshapriya සුනන්ද දේශප්‍රිය. President Gotabaya Rajapaksa has appointed a three-member commission to identify the findings...

Rajapaksas marching Sri Lanka towards military rule

President Gotabaya Rajapaksa is filling government with ex-top brass in the name of 'professionalizing' island-nation's politics. by Salman Rafi Sheikh Even at the height of the Sri...