All Stories in Economic

TNPF reject TRC as a solution

TNPF reject TRC as a solution

   The President of the Tamil National People’s Front (TNPF) rejected a possible Truth and Reconciliation Commission (TRC) as a solution to the ethnic conflict on the island of Sri Lanka. Outlining the role of a TRC in  South Africa and the Apartheid, Gajendrakumar Ponnambalam highlighted the “absence of a …

Maruti looking at plant in Sri Lanka

Maruti looking at plant in Sri Lanka

    Maruti Suzuki India is undertaking a feasibility study for setting up an assembly facility in Sri Lanka. At present, some of its exports are headed to this market. A few sites around Colombo are being investigated for economic viability, according to R C …

Economy – Fantasy vs. Reality

Economy – Fantasy vs. Reality

 By Chandrasena Maliyadde, Former Secretary, Ministry of Plan Implementation. Sri Lanka Economic Association (SLEA) has concluded its Annual Sessions on Saturday the 26th October. The theme selected for this year’s session was “The Way Forward for Sustained Growth”. Theme was important and timely; presentations during …

A River for Jaffna

A River for Jaffna

   If NPCM Wigneswaran and TNA members want to help Jaffna famers there is an unusual book that they should read. The principal author of this book of collection of essays, “Community based water conservation and development: two contrasting examples from Sri Lanka and from …

Airtel to sell Sri Lanka operations to Etisalat

Airtel to sell Sri Lanka operations to Etisalat

    Bharti Airtel is close to selling its operations in Sri Lanka to UAE-based telecom company Etisalat. The two companies have been negotiating for over five months now and have agreed on the broad contours of the deal. Manoj Kohli, Managing Director and Chief …

World Trade Organisation agrees historic deal to boost global trade

World Trade Organisation agrees historic deal to boost global trade

   The WTO’s Bali Ministerial Conference concluded a day later than scheduled on 7 December 2013 with agreement on a package of issues designed to streamline trade, allow developing countries more options for providing food security, boost least developed countries’ trade and help development more …

Sri Lanka warned by IMF on negative effects of import substitution

Sri Lanka warned by IMF on negative effects of import substitution

      Sri Lanka’s drive towards trade restrictions and import substitution may hurt the country, as autarky has consistently failed elsewhere, an International Monetary Fund official has warned. “It is not a matter of opinion. It is not a matter of IMF doctrine,” IMF …

How Sri Lanka Can Avoid the Middle-Income Trap

How Sri Lanka Can Avoid the Middle-Income Trap

    Sri Lanka has the opportunity to become a significant economic force in South Asia. Since the 25-year civil war ended in 2009, the island nation has taken steps to begin competing on a regional and global level. Economic ties with China, rising foreign …

CSE reports 61 market manipulation cases

CSE reports 61 market manipulation cases

    Since January 2013, the SEC investigators had noticed 10 instances of abnormal transactions suspected to be inside dealings.    Deputy Finance Minister Dr Sarath Amunugama told Parliament yesterday that 67 cases of insider dealings and 61 market      manipulation cases like ‘Pump …

Ceylon Chamber of Commerce says Commonwealth Business Forum a success

Ceylon Chamber of Commerce says Commonwealth Business Forum a success

    The Ceylon Chamber of Commerce has acclaimed the successful completion of the of the Commonwealth Heads of Government Meeting (CHOGM) and the Commonwealth Business Forum. In addition the Chamber also congratulated President Mahinda Rajapakse for assuming responsibility as the Chairperson-in-Office of the Commonwealth …