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Saturday, January 23, 2021

Economy

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China seeks to cultivate Sri Lanka ties but without international reproach

Human rights left on the back burnerIt is not often that the Chinese government criticises another nation for how it handles civil liberties, especially...

Govt’s CHOGM bill at Rs 15.8 B

VVIP vehicles line up awaiting the foreign dignitaries at the Nelum Pokuna theatre. Pic by Hasitha Kulasekera (ST)The government has spent a whopping Rs...

Sri Lanka: Repaying massive loans to China; Interests rate raised to 6.3% form 1.3%

A costly mistake?  By Gagani WeerakoonWhile the government has been attracting much criticism over its excessive loan taking for various development projects, it has...

Sri Lanka: Post-war development myth of the war-zone: only 9% has regular aincome; monthly income of 43 %US $ 43

Beneath a veneer of development, reflected in this newly laid railtrack, Sri Lanka's former war-zone is plagued by poverty, debt and lack of...

Sri Lanka: Annual tax concessions to global gaming giant, James Packer, will be more than the annual health and education budgets

Dr. Harsha de SilvaPacker’s package bigger than health budget  The annual tax concessions running into more than Rs 120 billion that the government will...

Bribery and corruption: Reveal the names, Minister Sirisena

Minister says he Tobaco industry tried to bribe Editorial Ceylon Today  The battle against the butt it appears has now entered the realms...

Sri Lanka: Massive rise in pawning for want of money

The amount of money obtained by the public, who throng gold jewellery pawning centres at commercial banks and financial institutes, in the first five...

Norway to provide GSP+ to Sri Lanka

CCC to discuss Sri Lanka’s eligibility for Norway’s GSP+  Since January 1st this year Sri Lanka has become eligible to the new Generalized System...

Merry fiddling while the country burns

This week’s dire warning by the Committee on Public Enterprises (COPE) that Sri Lanka’s public and state banking sector would collapse if loss-making...

UK investors wary of coming to SL

The impeachment of the former Chief Justice, the taking over of the underperforming companies by the government, matters dealing with land ownership and lackadaisical...

Hambantota Port receives only 24 vessels during 2011-12 .

Magampura Mahinda Rajapaksa Port (MMRP) in Hambantota has received only 24 vessels in total during the years 2011 and 2012, the latest Committee on...

We don’t need CEPA any longer: Basil Rajapaksa

Basil RajapaksaApparel, IT and automobile sectors offer potential for Indian investmentMeera Srinivasan Sri Lanka will not need the Comprehensive Economic Partnership Agreement (CEPA) with India...

Real income of the people declined since the end of war /2009 – Survey

Lamborghini-badagini comes home to roost says UNP ■ People’s living standards deteriorating post-war: Harsha ■Highest increase is in food taxes in first quarter compared with last...

Change economic policies drastically and urgently

The six and a half decades since independence have been characterised by economists as one of missed opportunities. The end of the war in...

CPC’s hedging blunder Finally the people pay

The room was packed; the mood fraught. It was November 2008 and the Ceylon Petroleum Corporation’s (CPC) hedging deals were fast going awry.Ashantha De...

CCC chairman red flags growing debt

* Wants economic summit to focus problem areas exports, FDI and govt. expenditureThe country has fallen short of achieving its economic goals and progress...

On the periphery of a Failed State – Editorial, Ceylon Today

Sri Lanka's decline seen through the lens of international standards seems obvious and inevitable. The economic optics reflects the 'real' situation as opposed to...

Fiscal fumble!

Govt. misses revenue target by Rs. 51.2 b or 14% up to April; expenditure overshot by Rs. 16 b or...

Sri Lanka still a failed state: Rank 28, behind Nepal and Bangladesh

Sri Lanka’s ranking among failed states has deteriorated, based on the findings published in the annual Foreign Policy and Fund of Peace report.The report...

Fishermen alarmed by Chinese vessels under Lankan flag

Fishermen’s organisations and boat owners in Kerala are wringing their hands over Sri Lankan government’s recent decision to let more than a dozen Chinese...

China biggest lender to govt, India biggest benefactor

Foreign loans, grants committed in 2012:June 4, 2013, 8:34 pm China emerged as the biggest lender to the government of Sri Lanka...

China’s blank cheques: No checks and balances – Editorial, Sunday Times

President Mahinda Rajapaksa has just concluded his seventh state visit to China in as many years as the country’s Head of State and Head...

China, Sri Lanka agree loans, defence; seek to allay Indian worries

(Reuters) - China has offered Sri Lanka about $2.2 billion in loans for infrastructure projects and a free trade pact, the island nation said...

Sri Lanka missing world’s biggest trade party and it’s in her backyard

Once upon a time, Sri Lanka was at the forefront of South Asian trade liberalisation. Beginning...

Sri Lanka not revealing fiscal data according to law: legislator

 Sri Lanka current administration is breaking the law in withholding information that should be filed in parliament under a fiscal responsibility law, which should...

Sri Lanka hype runs out as economy struggles

 (AFP)  After crushing Tamil rebels four years ago Sri Lanka expected to become South Asia’s tiger economy, but exuberance has given way to mediocre...

Sri Lankan corporate profits soar as workers face poverty

JVP protests against electricity tariff hikeSaman Gunadasa ( WSWS)Profit results published by Sri Lanka’s corporate sector for the financial year that ended in March...

National Audit Bill gathering dust since 2007; PUCSL chief wants ‘CEB monster’ tamed

The much-touted National Audit Bill has been gathering dust for over six years, while public enterprises are plagued by waste, corruption and irregularities despite...

Sri Lanka: Three fundamental economic challenges

The three most important challenges facing the economy are the containment of the fiscal deficit, lessening the trade deficit and reducing the public debt:...

Key political risks to watch in Sri Lanka

Sri Lanka's President Mahinda Rajapaksa looks on during the presentation of the 2012 Central Bank of Sri Lanka annual report, in Colombo April...
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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...