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Sat, 04 May 2024 Today's Paper
24 Jan 2022 - 0 - 330
The new bill titled Special Goods and Services Tax (SGST) was published by a gazette dated January 7, 2022. The SGST was originally proposed in Budget Speech 2021 but was not implemented. Once again, it has been presented in Budget 2022.
19 Jan 2022 - 0 - 457
In 2016, Sri Lanka ratified its Trade Facilitation Agreement (TFA) with the World Trade Organisation (WTO) and in 2017 a secretariat was established for the National Trade Facilitation Committee to drive the much-needed trade reforms in the country.
19 Jan 2022 - 0 - 660
Sri Lanka has a whopping 527 state-owned enterprises (SOEs). The 55 SOEs classified as ‘strategically important’ alone employ 10 percent of the public sector workforce or about 1.9 percent of all workers.
18 Jan 2022 - 0 - 251
The Colombo Stock Exchange (CSE) is planning to revise the calculation methodology of All Share Price Index (ASPI) by changing the constituent weighting method from full Market Capitalization to free float-adjusted Market Capitalization.
18 Jan 2022 - 0 - 314
Despite having faced down another tumultuous year, the Sri Lankan apparel industry has shown remarkable resilience in 2021,
14 Jan 2022 - 0 - 762
Sovereign debt restructuring can be pre-emptive or post-default. A default is inherently costly, as it can result in a sustained loss of access to capital markets. That leaves pre-emptive restructuring when a country deems itself unable to service outstanding debt.
13 Jan 2022 - 0 - 966
As Covid-19 turned off the supply of customers for many Sri Lankan businesses, merchants turned to the internet and the opportunities of e-commerce. Since the pandemic began in early 2020, the number of merchants moving their existing businesses online, or starting new ones, has exploded, according to Sri Lanka’s largest e-commerce platform, Daraz.
10 Jan 2022 - 0 - 385
The available foreign reserves of the country can be used to either repay foreign creditors or to finance imports of essential goods and services required by its citizens.
10 Jan 2022 - 0 - 272
The government has spoken of both Rupee and Dollar shortages. The severity of these problems is reflected in the following startling data .
10 Jan 2022 - 0 - 265
Over the past three decades, the Regional Plantation Companies (RPCs) have established themselves as a critical stakeholder of Sri Lanka’s plantation industry.
07 Jan 2022 - 0 - 1337
Sri Lanka is approaching its 73rd year, post independence from its colonial masters – the British Empire. It is unfortunately still struggling to make use of the one advantage, a non-depletable natural resource: geographical location. The location provides a natural focal point for shipping and airline operations, generally known as a logistics hub.
07 Jan 2022 - 0 - 401
The year 1952 – when the historic agreement between China and Sri Lanka (then Ceylon) was signed, it was called the China-Ceylon Rice Rubber Pact.
05 Jan 2022 - 0 - 401
Much is being said nowadays about the pressures the Sri Lankan rupee is facing but it is important that we understand the mechanics and greater economic context.
05 Jan 2022 - 0 - 284
Every economy in the world, may it be developed or developing, is a topic for discussion today. Some economies are being discussed for their achievements, sound management, good governance, high growth, overcoming crisis and other positivity. Other economies are being discussed for opposite reasons. Sri Lankan economy drifted gradually from the former category to the latter while its peers moved in the other direction.
03 Jan 2022 - 0 - 760
Sri Lanka ends 2021 with foreign currency reserves in hand worth US$ 1.6 billion to support a month of imports. For much of the year, a shortage of dollars saw uncleared essential imports piling up at the Colombo port as domestic prices soared.
30 Dec 2021 - 0 - 766
On December 17, 2021, Fitch downgraded Sri Lanka’s rating to ‘CC’, the lowest rating prior to default. With external reserves at around US $ 1.6 billion and almost US $ 1 billion in debt-service payments coming due in January 2022 (and US $ 7 billion during the coming year),
29 Dec 2021 - 0 - 659
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.”
27 Dec 2021 - 0 - 610
Has the time come to consider seriously the merits of restructuring the government’s external debt obligations? The Sri Lankan authorities have indicated that they are in the process of negotiating inflows to meet the country’s immediate foreign exchange requirements.
08 Dec 2021 - 1 - 543
The lockdowns introduced in 2020 to curb the spread of COVID-19 saw the narrative ‘nature is healing’ gain prominence. However, the notion that nature, in the absence of people, was healing fizzled out fairly quickly with the emergence of fresh environmental challenges, most notably, the resurgence of single-use plastics.
07 Dec 2021 - 0 - 421
There seems to be conflicting ideas as to how tourism should be promoted in the short term, in the post Covid-19 context.
06 Dec 2021 - 0 - 354
As the country’s exports continue to recover from the COVID-19 pandemic, the Sri Lanka Export Development Board (EDB) remains confident of the future prospects of the country’s export sector, with its focus to break into premium markets.
03 Dec 2021 - 0 - 888
In November 2020, in the midst of the global pandemic, after eight years of economic and political considerations,
02 Dec 2021 - 0 - 1827
Hong Kong based virologist Professor Malik Peiris recognized for his research on the pathogenesis and ecology of viral infections,
29 Nov 2021 - 0 - 179
With cigarette prices increased by Rs.5.00, the government has taken a progressive step towards enhancing revenue sustainability and improving public health.
29 Nov 2021 - 0 - 1732
Carlo Charles Ponzi was an Italian immigrant whose stay in the United States is memorialised in relation to his swindling of US $ 20 million from investors in the 1920s. The amount would be equivalent to cool US $ 258 million in today’s terms and stands to reason why a specific type of financial fraud is now known as ‘Ponzi schemes’, with reference to Charles.
25 Nov 2021 - 0 - 1317
Yohani Diloka de Silva created history with multiple achievements. No Sri Lankan has a YouTube video clip, music or otherwise, that has crossed even 20 million likes. (By the time of writing Yohani’s “Menike Mage Hithe” has reached 183 million plus likes) No Sri Lankan has ever grabbed the attention of the Indian subcontinent as she did.
24 Nov 2021 - 0 - 411
The Cabinet of Ministers approved the bill to amend laws to ban cattle slaughter in the third week of October. While this is a contentious policy measure, it did not come as a surprise as the Prime Minister proposed the same policy just over a year ago in September of 2020.
24 Nov 2021 - 0 - 265
Trade has historically been a powerful driver of economic growth and poverty alleviation in Asia, though the momentum of lowering trade barriers has slowed in recent years.
22 Nov 2021 - 0 - 502
At first glance, the 2022 budget presented recently in Parliament looks impressive. This was the Finance Minister’s maiden Budget Speech and though it was way too long (so much so that he nearly ran out of gas before completing it),
19 Nov 2021 - 0 - 761
The Sri Lankan tea industry for the period January to September 2021 witnessed an upward momentum with production and exports whilst recorded a decline in the national average when compared to the same period in 2020.
04 May 2024