A high probability that inflation will peak around 75-pct and start to fall

[…]The post Human Rights Compliant Recovery Measures Critical To Stop Spiraling Hunger & Poverty In Sri Lanka: Amnesty International appeared first on Colombo Telegraph.

the way for a knowledge-driven economy. Gamage said that Sri Lanka, […]

By Dulya de Silva ECONOMYNEXT –Sri Lanka’s new and somewhat controversial State Minister of Tourism Diana Gamage is determined to forge ahead with her plans to revitalise Colombo’s largely barren nightlife, in a bid to entice tourists and encourage spending. Speaking to EconomyNext, Gamage said Sri Lanka, though rich in cultural attractions to keep foreigners […]

"You know, we call Sri Lanka a paradise. But what paradise is shut at 10 o'clock in the night?”

Series of crises SL has faced have dealt a heavy blow Reviving presents SL with an opportunity to address its long-running challenges by Sanath Nanayakkare Young people are not only the present but also the future; developing plans and policies without them is a futile exercise, they need to be the front and centre of […]

The country has lost several hundred thousand jobs to Covid-19. The impact of the agrochemical ban on agriculture, the mismanagement of the exchange rate, a highly accommodative monetary policy, and the use of foreign exchange reserves for debt repayment thwarted the country’s ability to recover from the initial shock of COVID-19, an ILO study titled, […]

The ‘atingi’ eAcademy is a digital learning platform, providing users with the opportunity to develop their knowledge in the tourism and hospitality sector. Introduced by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the e-learning platform caters to anyone interested in upskilling their knowledge on tourism and hospitality-related topics including line staff, management prof...

By Krishantha Prasad Cooray In many ways, the economic collapse of Sri Lanka became a near certainty in the weeks after Gotabaya Rajapaksa was elected President. In hindsight, it is clear to all that his government’s number one priority was consolidating their power and punishing those it saw as its enemies. Their next priority was […]

Shares have been on the rise mainly on positive sentiment after the IMF comments.

Market sees over 600 million rupees of net foreign inflow

We can make the Mannar Island like entertainment location like Macau island

For the first time in parliamentary history, the Central Bank of Sri Lanka has issued a dire warning to Parliament and political parties therein over the responsibility on their part to ensure financial stability and discipline. Their failure to do so would trigger public protests again, they were told. There hadn’t been such a public […]

Imports fall as financial account inflows dry up

Sri Lanka’s High Commissioner in New Delhi, Milinda Moragoda, has declared that the preliminary agreement with the International Monetary Fund (IMF), under which Sri Lanka could receive $2.9 billion to tackle the ongoing economic crisis, is a “first step” in the long haul of economic recovery, but would provide the country and investors “confidence” to […]

, as the country seeks to rebuild its economy sustainably, […]

Tourism, vital cog, of economy in dire straits By Harischandra Gunaratna The emigration statistics revealed that at least 32% of tourism industry experts had left the country for foreign employment, and 32 Sri Lankans left for greener pastures every hour, since early this year due to the current