Sri Lanka perhaps as a nation has hit new lows during the last few years with its economy crumbling down like a house of cards. From changing cabinets on a monthly basis to huge queues for fuel and gas in recent months, the island once called the pearl of the Indian Ocean

Stocks fell in the last two sessions on profit taking

He said inflation may peak around September below 70 percent before showing a downward trend.

There has been no request to restructure domestic debt

ECONOMYNEXT – Sri Lanka’s central bank said it was holding its policy rates at 15.50 percent, while data showed market interest rates are close to twice the rate and private credit and imports falling. Monetary Policy Review: No. 06 – August 2022The Central Bank of Sri Lanka maintains policy interest rates at their current levelsThe Monetary Board of the Central Bank of Sri Lanka...

…questions mysterious cancellation of Japanese-funded LRT project By Shamindra Ferdinando Ruling party rebel lawmaker Prof. Charitha Herath says that the cancellation of the Japanese funded USD 1.5 bn light rail transit (LRT) project remains a mystery. The SLPP National List MP told The Island yesterday (17) that his efforts, in his former capacity as Chairman […]

Samagi Jana Balavegaya MP Eran Wickremaratne yesterday (17) said 52 state enterprises had suffered staggering losses, totalling Rs 560 bn, during the period January-April of this year. The accusation was made at a media briefing at the Opposition Leader’s Office, at Sir Marcus Fernando Mawatha. The former UNP State Minister demanded that restructuring of such […]

Thursday 18th August 2022 Speculation is rife that former President Gotabaya Rajapaksa is planning to return to Sri Lanka. The question, however, is not whether he is coming, but what he is doing overseas. The anti-government protesters who engineered his ouster called upon him to ‘go home’; they did not ask him to flee the […]

By Dr Upul Wijayawardhana Scapegoat, according to the third book of the Torah and of the Old Testament – Leviticus, is the goat that was sent to the wilderness after the Jewish priest had symbolically laid all the sins of the people on it. It looks as if we had done the same to Gota, […]

Seylan Bank, the Bank with a Heart, in partnership with the Ceylon Chamber of Commerce (CCC) Centre for SMEs and CIMA, conducted a workshop in Puttalam for owners of SME businesses from the area. Over the years, Seylan Bank has taken up the role of mentor towards the SME sector in Sri Lanka, with the […]