All Stories in Economic

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 …

Sri Lanka chambers ask for probe on official statistics

Sri Lanka chambers ask for probe on official statistics

   Sri Lanka’s key business chambers have called for a probe on official statistics following reports on how an official was allegedly asked to boost gross domestic numbers in a court filing. “If such doubts were to persist, it would lead to a lack of …

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 …