The country’s economy has contracted at the rate of 3.1% in the second quarter of 2023, according to recent data by the Census and Statistics Department. The Department in its estimated Gross Domestic Product (GDP) for the second quarter of 2023, on Friday said that this economic downturn marked

Monday 18th September, 2023 Some henchmen of the Rajapaksa family, which is responsible for ruining the economy, have taken upon themselves the task of investigating the causes of the country’s bankruptcy! They are all out to absolve their political masters of wrongdoing in a bid to shore

By Saman Indrajith Ceylon Workers Congress (CWC) leader and Minister of Water Supply and Estate Infrastructure Development, Jeevan Thondaman, plans to bring the grievances of his community before Global Union Federation Public Services International in Geneva and other international fora, such as the World Economic Forum and International Labor Organization, next month, he said. “I […]

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By Jayantha Somasundaram When Dr Salvador Allende was elected President of Chile in 1970 at the head of a coalition that included the Socialist and Communist Parties, and with a mandate to nationalise foreign capital, carry out land reform and implement sweeping welfare measures, his government was targeted by Washington and opposed by Chile’s business […]

Friday 15th September, 2023 Nobody dared trifle with Gotabaya Rajapaksa when he was the Defence Secretary. It was jokingly said then that he exercised 50% of President Mahinda Rjapaksa’s executive powers! Many a true word is said to be spoken in jest. Even senior Cabinet ministers used to bow and scrape before him. Never did […]

While the progressive empowerment of people and their steady liberation from the forces of state repression could be regarded as being at the heart of democratic governance, it is imperative that the defenders of democracy everywhere ensure that these basic aims are achieved and protected by governments claiming loyalty to the fundamental ideals of democracy. […]

Former State Minister Dr. Nalaka Godahewa, MP, says that the ruling party politicians were labouring under the misconception that the very individuals responsible for the unprecedented economic crisis could be the architects of the economi recovery process. The Gampaha District MP said that unless that notion was challenged and publicly disapproved it could lead the […]

Wednesday 13th September, 2023 There has been a surge in serious and organised crimes over the past several months, if media reports are any indication. Hardly a day passes without several incidents of violent crimes being reported from different parts of the country, which is awash with illegal firearms and narcotics. The Western and Southern […]

By HIMAL KOTELAWALA ECONOMYNEXT – If Sri Lanka allows elections to distract from the path of recovery, stabilization and growth, the country will be hit by a fresh crisis far worse than any before, former central bank governor Indrajit Coomaraswamy said. Speaking at a forum organized by Cal, a Colombo-based investment banking group, Coomaraswamy said […]

Chief Opposition Whip and Kandy District MP Lakshman Kiriella last Wednesday accused Speaker Mahinda Yapa Abeywardena of being notorious for suspending Standing Orders of the House.He said so when the Opposition MPs opposed taking up the new Inland Revenue (Amendment) Bill for debate in Parliament without going through the relevant consultative committee stages. Kiriella said that the bill has [&#...

Tuesday 5th September, 2023 A poor man who recently walked along a road, carrying a jackfruit, in Gampola, while President Ranil Wickremesinghe’s motorcade was passing through the area is reportedly in trouble. Media reports say the police have initiated an investigation, claiming that he did so by way of protest. Even if he had protested […]

by Jehan Perera The increase in the price of petrol and diesel has been accompanied by the removal of the QR Code quota system for the purchase of fuel.  The elimination of long lines of vehicles, and people, outside of the fuel stations that existed a year ago is one of the signs of normalisation […]

A proposal, set to take effect from October 1, 2023, stipulates rates of USD 130 for 5-star hotels, USD 100 for 4-star hotels, and USD 80 for 3-star hotels within the city of Colombo. While the authorities argue that this measure aims to counter underpricing by higher-tier hotels, this policy threatens to undermine the growth […]

Prime Minister Narendra Modi has said that India’s economic growth is a “natural by-product” of his nine-year-old government’s political stability, as he expressed optimism that it will be a developed nation by 2047 with “corruption, casteism and communalism” having no place in our national life. In an exclusive interview with PTI late last week, the […]