Investors see the resignation of key leaders as positive amid return on fixed assets on the rise.

Respondents include former CBSL governors W D Lakshman and Ajith Nivard Cabral.

By Eng. Thushara Dissanayake The country is in a deep economic crisis to which everyone equally contributed. We, as citizens, have consumed beyond our capacities prompted by the economic mismanagement of the leaders. The higher officials and advisors either misled those leaders or humbly remained without being at odds. In terms of investments, the government […]

APPRECIATION By Dr D. CHANDRARATNA The 30year war against the LTTE rebel group will undoubtedly be recorded by future historians as one of the most turbulent periods in the history of our country. Fortunately, it also brought out a group of public intellectuals from within the professions into a non-political arena, to counter the sinister […]

By Hiran H.Senewiratne The government should expedite implementation of reforms relating to State Owned Enterprises (SOEs). However, the Central Bank is already implementing monetary policies to put the economy on the right track, CBSL Governor Dr. Nandalal Weerasinghe said. “The Central Bank alone cannot do it. Parliament has to expedite implementation of reforms mainly in […]

ECONOMYNEXT – Sri Lanka has announced a suspension only on foreign debt and rupee securities are not part of the re-structuring, Central Bank Governor Nandalal Weerasinghe said amid concerns that a rupee securities will be subject to a second nominal hair cut.Unlike dollar denominated debt, rupee securitieshad already suffered a severe haircut when the rupee fell from 200 to 360 to the US do...

But 31 percent 3-year bonds accepted

Resignation announcement of both President and PM boosted investors sentiment.

Non-credible peg imposed in May

Hopes new administration will not block IMF deal

(Vatican News) Pope Francis on Sunday implored the authorities of Sri Lanka to listen to the cries of their people, suffering under the country’s worst economic crisis in 70 years. “I join in the grief of the people of Sri Lanka, who continue to suffer the effects of political and economic instability,” the pope said […]

ECONOMYNEXT –Sri Lanka should stop money printing earlier than indicated in a statement by Prime Minister Ranil Wickremesinghe, opposition legislator Harsha de Silva said, though legislators have already given extensive powers to the agency engage in liquidity injections. “Prime Minister Ranil Wickremesinghe talked about money printing,” de Silva told parliament. “He said, the in...

(UNICEF) As Sri Lanka descends further into its worst economic and political crisis in 70 years, it is children who are suffering the most. A foreign currency shortage has left the country struggling to import essential goods, pushing food and fuel prices sky-high. Staples like rice, lentils, milk and cooking oil are slipping out of […]

Statement signed by 15 Bishops calls for government to take drastic action to tackle economic crisis Lankan bishops have urged the government to provide a relief package for the poor amid the worst economic crisis since independence in 1948.The foreign exchange crisis has led to a shortage of essential commodities while people queue for hours […]

By Thalif Deen UNITED NATIONS, Jul 6 2022 (IPS) – A 2.0 version of an ancient Biblical saying reads: It is easier for a camel to pass through the eye of a needle than for a woman to become the Secretary-General of the United Nations. The male/female ratio for the Secretary-General stands at 9 vs zero. […]

Twitter in India banned official accounts of Pakistan Embassies in UN, Turkey, Iran and Egypt. Earlier, Twitter also withheld the account of the national public broadcaster in Pakistan – Radio Pakistan. Twitter blocks the account of Pakistani Embassy in UN. Account of Pakistani Embassy in Turkey is also withheld by Twitter in India. Moreover, Twitter […]