All Stories in Economic

Sri Lanka’s cuppa cheers end of Iran sanctions

Sri Lanka’s cuppa cheers end of Iran sanctions

The easing of sanctions on Iran will deliver a much needed pick-me-up to Sri Lanka’s troubled tea industry by allowing the resumption of direct exports to one of its main markets, the government said Wednesday. Although tea was not on the list of products banned …

Wage hike only if workers agree to improve productivity

Wage hike only if workers agree to improve productivity

Sri Lanka’s regional plantation companies (RPCs ) said they are raising the daily pay for 1000 rupees to meet labour union demands but only if workers agree to improve their productivity and pluck more tea. Plantation worker earns 620 rupee wage at present. “While the …

D-Day for Greece

D-Day for Greece

The Greek Prime Minister warned his country has reached the ‘demarked line’ as he begged his government to accept a humiliating climbdown on austerity in a final bid to secure a third bailout. Alexis Tsipras was locked in angry debates with his MPs last night …

Greece’s Debt Crisis Explained

Greece’s Debt Crisis Explained

The question of how to save Greece, debated for more than five years, is the European Union’s recurring nightmare. If the country goes bankrupt or decides to leave the 19-nation eurozone, the Greek debt crisis could create instability in the region and reverberate around the …

GSP programme renewed

GSP programme renewed

The United States has decided to not change the Generalized System of Preferences (GSP) benefits to Sri Lanka. The GSP country practice review of Sri Lanka was closed based on the Sri Lankan government’s efforts to address worker rights issues over the past few years. …

Asian Stock Markets Slump

Asian Stock Markets Slump

Asian stock markets slumped Monday, mainly due to concerns about the Greek debt crisis. Chinese shares on the Shanghai exchange plunged more than 7 percent, despite efforts by China’s central …

South Asia Fastest Growing Region in World

South Asia Fastest Growing Region in World

Far from being a non-performing region, South Asia is today the fastest growing region in the world, says a new report released on Thursday. The South Asia Development and Cooperation Report 2015, brought out by the Research and Information System for Developing Countries (RIS), also …

Shares edge up; political woes hurt sentiment

Shares edge up; political woes hurt sentiment

Sri Lankan shares inched up on Monday, recovering from a two-month low hit in the previous session, led by large caps, but trading was choppy as political woes ahead of an announcement on parliamentary election date weighed on sentiment. The main stock index ended up …

C.S.R. should mean ‘Collective Shareholder Responsibility’

C.S.R. should mean ‘Collective Shareholder Responsibility’

Social values drive commercial value. That statement might feel empty to many business leaders. But when Unilever reports that their ‘brands with purpose’ are growing at twice the speed of others in their portfolio, it’s time to sit up and take note. Startups intrinsically understand …

Political uncertainly, poll delay, could hit investor sentiment

Political uncertainly, poll delay, could hit investor sentiment

Sri Lanka’s political risks declined with the end of a civil war in 2009, but parliamentary conflicts and uncertainty over elections could have a negative fallout while the effect on investors from new taxes was also not clear, Moody’s, a rating agency said. “Sri Lanka’s …