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A country can develop only if it has a stable financial system. In order to have a stable financial system there is a need to have adequate protection to investors. This article analyses the adequacy of the safety nets available to public deposit holder in Sri Lanka and propose improvements to it.
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It is not hard to understand US Ambassador Alaina B Teplitz’ angst. China, along with Japan, owns the debt of her country, the United States of America. China, according to the US narrative, has re-colonized Africa without a single shot being fired.
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In the wake of the harrowing months-long coronavirus-related lock-downs and curfews still lingering in our minds came a news report which caused panic in Matara after it was found that a Russian staying at a boutique hotel in Polhena, Matara tested positive for Covid-19. He was one of a 15-member aircrew of a Russian cargo flight, which landed at the Mattala Airport during the last week of September.
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Much effort is taken by the present regime to put the country’s shaky economy in order. Commencing from the targets given to state institutions and the efforts taken to instill discipline on the roads we see that someone is trying to do something for a country which has enough natural resources to stand tall in terms of economic growth. That someone is President Gotabaya Rajapaksa.
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Sri Lanka is again facing an acute situation after a female supervisor of an apparel factory in Minuwangoda was tested positive for coronavirus on Sunday. The government had immediately imposed what was earlier called police curfew and now known as quarantine curfew in two areas, Divulapitiya and Minuwangoda in order to identify those who have had close contacts with the wo
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Since coming to power, the key interlocutors of this government have been intimating a quest to ‘amend’ the 13th Amendment to the constitution. Such pronouncements are not just political theatre. They betray a real conviction born out from the nationalist ideological orientation and a belief that this is the opportune local and global moment to strike. They confide that India, the underwrit
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The anticipated plan to curtail the scope of the Auditor General’s duties and functions through the proposed 20th Amendment to the Constitution, is aimed at allowing politicians and their cronies to misappropriate state funds to their whims and fancies says the Sri Lanka Audit Service Association. Before the 19th Amen
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While the state machinery is busy discussing whether or not to draft the 20A, to ban or not to ban cattle slaughter or to open or not to open the Airport, the environment is once again receiving less than what could be described as a step-motherly treatment. Having fallen from the pan to the fire during every successive regime many have come to the conclusion that there will be less greenery remaining in the country during the next five years.
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Shock waves ripped through Buwelikada in Kandy on September 20, an otherwise quiet Sunday morning, when a young father, mother and their infant daughter were killed in a cave-in of a 5-storey building, which then collapsed on an adjoining house.
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President Gotabaya Rajapaksa has been stressing the need to improve the efficiency in the public sector from the day he was sworn in his office in November last year, while even paying unannounced visits to public institutions to see for hims