All Stories in Economic

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 …

Packer in talks with Sri Lankan Government over planned casino

Packer in talks with Sri Lankan Government over planned casino

    Australian billionaire James Packer plans to pump $400 million into a five-star gambling resort in Sri Lanka, cashing in on the country’s tourism potential. The businessman has revealed he is in detailed discussions with the Sri Lankan government and potential joint venture partners to …

Sri Lanka cuts lending rates hoping for growth

Sri Lanka cuts lending rates hoping for growth

     The Sri Lanka Central bank on Tuesday (15) cut benchmark lending rates by 50 basis points, saying the move was aimed at encouraging growth despite IMF warnings against …

Sri Lanka will find difficult to borrow overseas in future

Sri Lanka will find difficult to borrow overseas in future

   Sri Lanka will find it very difficult to borrow from abroad in the future due to the Fed’s stimulus tapering that is likely to happen sooner or later, which will pull back the excess liquidity in the global economy, according to a senior economist …

Corporate Governance In SL Is “Crap”

Corporate Governance In SL Is “Crap”

     Corporate Governance (CG) in Sri Lanka is crap, a tax consultant told this reporter on Wednesday (September 25). The occasion was the launch of the fifth edition of CG, a joint effort of the Chartered Accountants of Sri Lanka and the Securities and Exchange …

Lanka excellent to become commercial arbitration hub

Lanka excellent to become commercial arbitration hub

     Sri Lanka has all the elements to become a regional commercial arbitration hub in the region. The Sri Lanka National Arbitration Centre (SLNAC) is an excellent neutral location as it has the ability to resolve commercial disputes expeditiously and cost effectively under the …