Economics primarily drive politics and this principle applies to Sri Lanka’s relations with almost the entirety of the world’s regions. The fact that economic interdependence is compelling this country to break new ground in its ties with the Middle East bears this out fully. Over the decades, Sri

By Rathindra Kuruwita There would be social and economic consequences of the decision to downsize the military as the rural economy in Sri Lanka had been in a state of crisis and stagnation long before the present economic crisis,  Associate Professor of the London School of Economics and Political

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Prof. N. D. Samarawickreme (1943-2022)  We owe our existence to a string of unforeseeable events, repeated arbitrary fortune. My father was born in a rural part of the country. He was the eldest of ten siblings, who survived the circumstances and transitioned out of the village. The privileged upbringing and opportunities I had stand in […]

 By Chandre Dharmawardana chandre.dharma@yahoo.ca The terrorism of the LTTE ended in May 2009, and most Sri Lankans looked forward to a dawn of peace, reconciliation and progress.  Even Poongkothai Chandrahasan, the granddaughter of SJV Chelvanayagam could state that ‘what touched me the most that day was that these were poor people with no agenda ~ wearing their feelings on […]

. Wasantha Athukorala of Department of Economics of the Peradeniya […]

Having lost out to China considerably in its efforts to expand its influence in the global South and the ASEAN region, the West is giving every indication of making-up for lost time. While the US is in a stepped-up drive to cultivate the African continent, the EU is intensifying efforts to strengthen its economic ties […]

India’s much-awaited Digital Rupee currency (e-Rupee) was launched in the country a few days back. Its wholesale segment commenced from November 1, 2022, and Retail on December 1, 2022. In one way it is a very important historical event and in another, it is a minor one. Minor thing is that the digital transaction of […]

Institutions remain the most important factor for strengthening productivity and the investment climate in a country. Good governance, rule of law, and socio-political stability are crucial determinants of long-run economic growth. As famously described by Douglas North, “Institutions are the rules of the game in a society; more formally, they are the humanly devised constraints […]

by Rajan Philips President Wickremesinghe has a charming or annoying way, depending on who is listening, of switching between flippancy and seriousness no matter what the occasion is. Addressing the Sri Lanka Economic Summit 2022, an annual event organized by the Ceylon Chamber of Commerce, with ‘Resetting from turmoil to opportunity’ as this year’s theme, […]

BY DR. Asoka Bandarage On September 1, 2022, debt-trapped Sri Lanka reached a preliminary agreement with the International Monetary Fund (IMF) for a 48-month Extended Fund Facility of $2.9 billion, which hardly covers the country’s outstanding debt, nor its immediate survival needs. Nevertheless, IMF structural adjustment requires the country to meet its familiar debt restructuring […]

I am pleasantly surprised and marvel too most times I read the editorial in The Island. Why? Because they are so very apt on the most current issue in the land. The editor has the clever knack of hitting the nail right on the head and is fearless even when the nail represents a VVIP. […]