By Rathindra Kuruwita Giving full powers of the 13th Amendment to the Constitution to provincial councils controlled by henchmen appointed as Governors by President Ranil Wickremesinghe would have disastrous consequences for the country, General Secretary of the Communist Party of Sri Lanka (CPSL) Weerasumana Weerasinghe said. He said that the government was creating new issues […]

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held Tuesday, decided to reduce the Statutory Reserve Ratio (SRR) applicable on all rupee deposit liabilities of Licensed Commercial Banks (LCBs) by 200 basis points, from 4.00 percent to 2.00 percent. The Central Bank, on Wednesday, announced that the decision comes into […]

, the economy has not grown and […]

Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country s central bank, Dr. Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday (Aug 7).

Tuesday 8th August, 2023 Former Chairman of the Election Commission (EC) Mahinda Deshapriya, who serves as the Head of the National Committee on Delimitation of the Divisions of Local Government (LG) Bodies, seems to be full of optimism. He is reported to have said he expects either the local government polls or the Provincial Council […]

By Eng. Thushara Dissanayake Water is often undervalued and insufficient attention is paid to its pollution. The water quality degradation is a blooming environmental issue in Sri Lanka. According to World Bank findings, the invisible crisis of water quality degradation is reducing potential economic growth in heavily polluted areas of the world by one-third. It […]

NPP/JVP FR over local council elections Philip Gunawardena, who earned the appellation ‘Boralugoda Lion’ for his fearless fights for democracy, would never approve of his son, Prime Minister Dinesh Gunawardena’s quest to deprive people of their right to vote, Nigel Hatch PC told the Supreme Court last week. He was leading an elite team of […]

ECONOMYNEXT –Australian firms are interested in investing in Sri Lanka, particularly in resource sector, but a more conducive investment environment is needed, High Commissioner Paul Stevens said. Sri Lanka is looking to foreign direct investment as a factor in taking the country out of an economic crises triggered by excessive deployment of ‘macro-economic policy’ involving […]

In a veiled attack on China, National Security Adviser Ajit Doval said BRICS could work together on listing terrorists and their proxies under the UN counter-terrorism sanctions regime but emphasised that the process should be free from “politics and double standards.” Ajit Doval made the remarks during the meeting of the National Security Advisers of […]

Foreign Minister of Japan HAYASHI Yoshimasa paid a courtesy call on President Ranil Wickremesinghe in Colombo today (29). During the meeting, the two dignitaries engaged in discussions concerning the bilateral relationship between Japan and Sri Lanka, with a mutual commitment to further strengthen their traditionally robust ties. Their talks also revolved around key areas of […]

, India remains the world’s fastest growing big economy with a 6.1% […]

Supply chains are at the center of the latest chapter in India-U.S. relations “When India and the U.S. work together on semiconductors and critical minerals, it helps the world in making supply chains more diverse, resilient and reliable,” Indian Prime Minister Narendra Modi said in his address to a joint session of the U.S. Congress […]

Today, Prime Minister Narendra Modi promised that India will see exceptional growth during his third term in office, propelling it into one of the top three positions. At the opening of Delhi’s remodelled Pragati Maidan, he declared, “From east to west, north to south, India’s infrastructure is changing. The world’s highest rail bridge is in […]

Sri Lanka needs to achieve at least 6.6% GDP growth from now onwards if the country is to achieve President Ranil Wickremesinghe’s vision to achieve high-income status by 2048, SJB MP Harsha de Silva said on Thursday. Dr. de Silva has rejected the notion that building bridges with India would be disadvantageous to Sri Lanka […]

economy.

By Y P Prakash In the realm of regional connectivity and economic cooperation, the proposal for a road and rail bridge across the Palk Strait between India and Sri Lanka has garnered significant attention, drawing a fervent appeal from two eminent Sri Lankan economists, Gayasha Samarakoon and Muttukrishna Sarvananthan. In their comprehensive paper titled “Economic […]

By Jayantha Somasundaram (This articlecontinued from yesterday (25) is based on reporting by the international media on the events in Sri Lanka forty years ago.) “For day after day Tamils were beaten, hacked or burned to death in the streets, on buses, on trains – sometimes in the sight of horrified foreign tourists. Their homes […]