All Stories in Economic

Sri Lanka- the next holiday hot spot

Sri Lanka- the next holiday hot spot

   It’s a small island off the south coast of India and it’s being touted as the new Bali. So what is it about Sri Lanka that has travellers sitting up and taking notice? We spoke to Australian photographer, Lincoln Jubb, who recently returned from …

Sri Lanka stocks down despite foreign inflows

Sri Lanka stocks down despite foreign inflows

  Sri Lankan shares fell for a second straight session on Tuesday despite foreign inflows as a proposed United Nations resolution, which may have an impact on the country’s economy, dented sentiment, brokers said. Analysts said most investors were waiting for direction ahead of voting …

India increases developmental aid to SL

India increases developmental aid to SL

The Indian Ministry of External Affairs has had its budget increased by 20% from Rs117.39bn (£ 537.5mn) last year to Rs141.3bn (£646.9mn) in 2014-15, by Finance Minister P Chidambaram. According to the figures in the Economic Times of India, Sri Lanka is the third highest …

Global TU to Sri Lanka on fact finding mission

Global TU to Sri Lanka on fact finding mission

  The leader of the world s single largest trade union (TU) federation will be in the country on a five-day visit starting February 15, on a fact-finding mission regarding issues faced by local workers, including those unjustly terminated by their employers, senior union officials …

Post Tiger economy

Post Tiger economy

     IN FEBRUARY 2009, during the final throes of Sri Lanka’s 25-year-long civil war, Tamil Tiger rebels packed two light aircraft with explosives and flew them towards Colombo. The …

It’s Time For U.S. Policy Toward Sri Lanka To Be More Symmetrical

It’s Time For U.S. Policy Toward Sri Lanka To Be More Symmetrical

     Sri Lanka’s economy is growing at about a 7.5% annual clip, with low inflation and a per capita income of US$ 2,923. We are striving towards a per capita income of over $4,000 by 2016 and are on track to surpass the United Nations …

International legal experts reiterate need for accountability

International legal experts reiterate need for accountability

  Panelists at a discussion hosted by the American Society of International Law and American University Washington College of Law UNROW Human Rights Impact Litigation Clinic hosted an event on …

Sri Lanka’s large current account deficit, high foreign debt, and openness to capital flows suggest that it remains especially vulnerable to tightening of international financial conditions: World Bank

Sri Lanka’s large current account deficit, high foreign debt, and openness to capital flows suggest that it remains especially vulnerable to tightening of international financial conditions: World Bank

       South Asia’s GDP growth rose to an estimated 4.6 percent in 2013 from 4.2 percent in 2012 on a market price-calendar year basis. Growth was, however, well below its pre-crisis pace, reflecting a combination of domestic imbalances, weakening investment rates, and a …

Taxes: What has been increased and decreased in the 2014 budget

Taxes: What has been increased and decreased in the 2014 budget

  What’s going up? The government aims to increase its tax base by 30% to over 60 billion rupees in 2014, that means some more money needs to depart your pockets to the government coffers in the new year.  Let’s look at them one-by-one: Finance …

Sri Lankan economy looking good, but in need of long game

Sri Lankan economy looking good, but in need of long game

    By Dushni Weerakoon Sri Lanka’s post-conflict development aspirations have been fashioned on a simple but socio-politically persuasive argument: sustain growth at high levels and extend its benefits to more people. In this, the government that swept into power in 2010 has delivered both a …