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 […]

President Ranil Wickremesinghe, speaking of the reforms he plans to introduce, stated that the Sri Lankan government is looking at raising income taxes and widening the tax net by taxing capital and wealth in order to bring in some of the lost revenue.

Market down for 2nd time in 14 straight sessions

The move also aims to promote a greener transportation sector, a statement said.

"It will also simplify some season tariffs, meaning additional and simpler access for Sri Lanka's exports to the UK."

Azdak’s Judgments: by Laleen Jayamanne Soldier: Your Honour, we meant no harm. Your Honour, what do you wish? Azdak: Nothing, fellow dogs. Or just an occasional boot to lick! […] Fetch me wine, red wine, sweet red wine. ‘In a faraway and long-ago, dark and bloody epoch, in a sunburnt and cursed city, there lived […]

By Hiran H.Senewiratne ‘Sri Lanka is located at the heart of a vital global shipping line and more than 45000 ships and an equal number of aircraft navigate this route via Sri Lanka’s Dondra head annually. However, not a single ship nor aircraft is enabled to make a stop-over at Dondra for bunkering, re-fueling and […]

Market has been on the rise due political stability hope after months of protests

The MPs’ political engagement “in a highly sensitive issue such as this” was “totally unnecessary”, Herath tweeted.

By Shamindra Ferdinando Opposition and Samagi Jana Balavegaya Leader, Sajith Premadasa, says that the current economic crisis shouldn’t be exploited to form a jumbo Cabinet, under any circumstances.  “The national economy is in such a pathetic state that those struggling to make ends meet

By Anushka Kahandagamage Protesters defeated the dictatorial Rajapaksa regime, making the Rajapaksas resign from their positions, premiership and presidency, of the government. After the collapse of the dynasty, Ranil Wickremesinghe, a Rajapaksa puppet, came to power with the support of a distorted majority in Parliament. Having got himself appointed as President, without a people’s mandate, [R...

UNDP Sri Lanka launches two programmes calling young innovators to act on climate change International Youth Day (IYD) advocates for the participation of young people in actioning chang around  the world. To commemorate the significance this year and to provide a platform to young leaders in Sri Lanka,  the United  Nations Development Programme (UNDP) in Sri Lanka launched two new calls for young ...

Ken Vijayakumar, a versatile business, and People’s professional, currently holding the position of Deputy General Manager – Human Resources, Administration, Purchasing and Sustainability at A. Baur & Company (Pvt.) Ltd was elected as President of CIPM Sri Lanka, the Nation’s leader in human resource management, at its Annual General Meeting held recently. Prior to his […]

SJB MP Dr. Harsha De Silva, on Sunday, said that the incumbent government was operating as per the wishes the Rajapaksa clan. Addressing the media at the Opposition Leader’s Office, in Colombo, the MP said that the prevailing situation was not the expectation of the people at the Aragalaya protests. “They demanded a system change. […]

The index has risen 19.6% in the last 12 sessions

By SUSHANT SAREEN The bye-elections to 20 Punjab Assembly seats on 17 July have sent shockwaves through Pakistan’s fragile political and economic system. It would be an understatement to claim that the results were entirely unexpected. On the eve of the elections, there was virtually a consensus amongst political pundits that the ruling Pakistan Muslim […]