Author Archive for Economy

Sense and Sensibility

Monday, February 12th, 2018

S. Navaratne   February 11, 2018, 10:01 pm One feels somewhat disconcerted when a highly respected public servant makes comments that go far and beyond his remit albeit in his view to further yahapalana aims. The job of the Auditor General on matters relating to public debt is to provide to the public evidence based facts after stringent auditing […]

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Auditor General Gamini Wijesinghe draws flak for timing of national debt claim SLPP slams govt. over AG’s conduct, polls monitors differ

Saturday, February 10th, 2018

By Shamindra Ferdinando Courtesy The Island Alleging that Auditor General Gamini Wijesinghe has issued a controversial statement in respect of national debt beneficial to the ruling coalition ahead of the Feb. 10 local government polls, National Polls Observation Center (NPOC) has urged the National Election Commission and the Institute of Chartered Accountants of Sri Lanka to inquire […]

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EPF, NSB, SLIC losses due to bond scams exceed Rs. 31 billion Anti-corruption activists reveal:

Monday, February 5th, 2018

By Rathindra Kuruwita Courtesy The Island February 5, 2018, 11:22 pm The manipulation of the secondary bond market by Perpetual Treasuries caused three state institutions, Employees’ provident Fund (EPF,) Sri Lanka Insurance Corporation (SLIC) and National Savings Bank (NSB), to lose over Rs. 31 billion, anti corruption activists said yesterday. “On Sunday we revealed that the […]

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ණය කතා.. බොරු කතා.. ජනපති මෛත‍්‍රී කියූ ට‍්‍රිලියන දහයේ ණය කතාවට සුපතල ආර්ථික මහාචාර්යගෙන් පිලිතුරු

Sunday, February 4th, 2018

ජ්‍යෙෂ්ඨ මාහාචාර්ය සුනන්ද මද්දුමබණ්ඩාර කැලණිය විශ්වවිද්‍යාලයේ ආර්ථික විද්‍යා අධ්‍යයන අංශය lanka C news ජනවාරි 6 වන දින ජනාධිපති මෛත‍්‍රීපාල සිරිසේන මහතා රටේ ජනමාධ්‍ය ප‍්‍රධානීන් අමතා කළ ප‍්‍රකාශය පිළිබඳව දෙස් විදෙස් ආර්ථික විද්‍යාඥයන්ගේ සහ ජාත්‍යන්තර මූල්‍ය ආයතනවල අවධානය මේ වන විටත් යොමු වී ඇතැයි සිතිය හැක. එයට හේතුව එතුමා රටේ ආර්ථික කටයුතු පිළිබඳව ඉතා ආන්දෝලාත්මක කරුණු […]

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Bond scams: EPF loses over Rs. 26 bn-PCoI’s, AG’s estimates challenged-Anti-corruption activist drops bomshell

Sunday, February 4th, 2018

By Rathindra Kuruwita Courtesy The Island The total loss incurred by the Employment Providence Fund (EPF) due to the bond scam alone is over Rs 26 billion, Center for Human Rights (CHR) Executive Director Rajith Keerthi Tennakoon said yesterday addressing a press conference at Rajagiriya. Referring to a report prepared by former Chief Executive Officer (CEO) […]

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Country’s economy no longer under UNP: President

Monday, January 22nd, 2018

Courtesy  The Daily Mirror The country’s economy would be managed by a the Economic Development Council headed by President Maithripala Sirisena from this year onwards, President Sirisena said addressing an election rally in Kegalle yesterday. The President said that he had set up an Economic Development Council headed by him to manage the country’s economy […]

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Sri Lanka to raise $500mln through bonds, divesting hotels amid debt

Tuesday, January 9th, 2018

www.thenews.com.pk COLOMBO: Sri Lanka aims to raise $500 million this month via development bonds and is in the process of divesting two state-owned hotels, the central bank and a ministry said on Monday, as the government faces unprecedented debt repayment this year. President Maithripala Sirisenea´s administration must repay an estimated 1.97 trillion rupees ($12.85 billion) […]

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Govt. borrowed USD 14.6 bn foreign currency loans: MR

Monday, January 8th, 2018

Courtesy The Daily Mirror The government has borrowed over USD 14.6 billion in foreign currency loans alone during the short period of 36 months that this government has been in power, former President Mahinda Rajapaksa said today. He said even though 14.6 billion USD would suffice to build five Norochcholai power plants, five Hambantota harbours […]

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Cabraal points finger at President and PM

Saturday, January 6th, 2018

Courtesy The Island January 6, 2018, 7:46 pm Former Central Bank Governor Ajith Nivard Cabraal yesterday said that Treasury Bond issues from 2008 to 20014 have “already been closely examined by the Auditor General (AG) in response to a request made Aug. 19, 2016, by then Finance Minister Ravi Karunanayake under section 43(2) of the […]

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Treasury Bonds scam Act to recover losses soon – Dayasiri President to brief Cabinet

Saturday, January 6th, 2018

Courtesy Ceylon Today A Bill, which will enable the State to recover a sum of Rs 8.5 billion, that was allegedly robbed by those involved in the Central Bank Treasury Bonds scam, will be presented to the House when Parliament convenes for the first time in 2018, Co-Cabinet Spokesman, Minister Dayasiri Jayasekera said yesterday. He […]

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‘එට්‌කා’ සහ ආර්ථික ඝාතකයෝ

Thursday, January 4th, 2018

තොරතුරු තාක්‌ෂණ වෘත්තීයවේදීන්ගේ සංගමයේ ලේකම් ලසන්ත වික්‍රමසිංහ  වෘත්තිකයන්ගේ ජාතික පෙරමුණ විසින් පසුගියදා කොළඹ මහජන පුස්‌තකාල ශ්‍රවනාගාරයේදී ‘රට විකිණීමට එරෙහිව් පැවැත්වූ සම්මන්ත්‍රණයේදී තොරතුරු තාක්‌ෂණ වෘත්තීයවේදීන්ගේ සංගමයේ ලේකම් ලසන්ත වික්‍රමසිංහ මහතා විසින් එට්‌කා ගිවිසුම සහ ශ්‍රී ලංකාවේ ආර්ථික ඝාතකයෝ යන තේමාව යටතේ පැවැත්වූ දේශනය:  එට්‌කා ගිවිසුම සම්බන්ධයෙන් ප්‍රධාන වගකීම දරන අමාත්‍ය මලික්‌ සමරවික්‍රම මහත්තයාට මේ රටේ සංවර්ධනය […]

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Sri Lanka central bank curbs two financial firms to ensure stability

Tuesday, January 2nd, 2018

COLOMBO, Jan 2 (Reuters) – Sri Lanka’s central bank said on Tuesday it had taken action against two distressed financial companies to safeguard the overall financial system. It appointed a panel to manage Swarnamahal Financial Services PLC and its parent company ETI Finance Ltd, while curbing withdrawals of maturing deposits for six months, citing a […]

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Fair prices for essentials?

Sunday, December 31st, 2017

Upali Cooray Former General Manager of SATHOSA Prime Minister Ranil Wickramasinghe has said government has taken measures to introduce fair price shops in collaboration with private sector and Sathosa to ensure fair prices for essential commodities in the open market. This statement of the prime minister is something like dousing fires without preventing fires. Considering the fact that the oncoming crucialelections scheduled for […]

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Sri Lankan rupee falls; down 2.5 pct in 2017

Friday, December 29th, 2017

COLOMBO, Dec 29 (Reuters) – The Sri Lankan rupee closed lower on Friday, ending the year 2.5 percent weaker, as demand for dollars from importers and banks outweighed inward remittances and conversion of the U.S. currency by exporters, dealers said. The spot rupee closed at 153.60/65 per dollar, compared with Thursday’s 153.50/70. The currency’s fall […]

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ගෙවී ගිය යහපාලනයේ තෙවැනි වසර

Thursday, December 28th, 2017

ශ්‍යාම් නුවන් ගනේවත්ත  ගිය වසරේ (2016) ශ්‍රී ලංකා මහ බැංකු වාර්තාවේ සඳහන්ව ඇති පරිදි මේ වසරේ (2017) ශ්‍රී ලංකා ආර්ථිකය සියයට 5 කින් වර්ධනය වනු ඇතැයි මුලින් අපේක්‌ෂා කළේය. එහෙත් එය දැන් සියයට 4.0 – 4.5 ත් අතර අගයකට සීමා වනු ඇතැයි zමෑත කාලීන ආර්ථික ප්‍රවණතාZ වාර්තාවෙහි සඳහන්ය. මේ පසුබිම තුළ පසුගිය දෙවසර මෙන්ම මේ […]

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Early parliamentary sessions required to solve economic chaos – JO

Wednesday, December 27th, 2017

By Sanchith Karunaratna Courtesy Adaderana MP Dinesh Gunawardena made a request from the speaker of parliament to schedule parliamentary sessions before the current scheduled date in January, to formulate a resolution to the current state of economic turmoil that the country is faced with. He further stated that the JO will submit a written request to the […]

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The tank, dagaba and the village

Thursday, December 21st, 2017

by P.G.Punchihewa Ph.D. November 4, 2017, 6:18 pm Nearly two million people in at least 22 districts out of 25 are reported to be affected by the continuing drought. Among the districts are Anuradhapura, Polonnaruwa, Mannar, Vavuniya, Trincomalee, Kurunegala, Puttalam , Jaffna ,Kilinochchi, Mullativu ,Matale and Moneragala. Most of the large, medium and small tanks […]

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‘Swift implementation of various infrastructure projects can boost growth’

Thursday, December 21st, 2017

TE RAJA SIMHAN Courtesy The Hindu Business Line  Maersk Line (India, Sri Lanka, Bangladesh, Nepal, Bhutan, Maldives), a part of Maersk Group, is a leading container shipping line in the region with footprint across 25 offices, 55 inland acceptance points and across 16 Indian ports. Steve Felder, Managing Director of Maersk Line in Asia, spoke to BusinessLine on […]

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AG calls upon govt . to address international concerns immediately US anti-corruption advisor to be based here

Tuesday, December 12th, 2017

By Shamindra Ferdinando Courtesy The Island December 12, 2017, 11:22 pm Auditor General Gamini Wijesinghe yesterday alleged that the failure on the part of successive governments to take tangible measures to tackle state sector waste, corruption and irregularities had contributed to US decision to propose a Colombo-based Resident Legal Advisor. Had those who had been at […]

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දෙයියන්ටම ඔප්පු වෙච්චාවේ (හාල් පොල් පිටරටින්)

Sunday, December 10th, 2017

කතු වැකිය උපුටා ගැන්ම දිවයින වගාවට මුල්තැන දෙන සංස්‌කෘතියක්‌ හදන්නට, ගොවියා රජ කරවන්නට, රට සහලින් ස්‌වයංපෝෂිත කරවන්නට පැමිණි යහපාලන ආණ්‌ඩුව හාල්, පොල්, පිටරටින් ගෙන්වන්නට සැරසෙන බව කියෑවේ. ඉස්‌සර නම් කීවේ ‘හඳෙන් ගෙනැවිත්’ හෝ හාල් දෙන බවය. එහෙව් එකේ පිටරටින් හෝ හාල් පොල් ගෙන්වීමට තීරණය කිරීම ගැන අපේ අහිතක්‌ නැත. එහෙත් දුකට කාරණාවක්‌ තිබේ. එනම් තේ, […]

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ආර්ථිකය ලෙඩ ඇඳේ

Friday, December 8th, 2017

ශ්‍රී ලංකා මහ බැංකුවේ හිටපු අධිපති අජිත් නිවාඩ් කබ්රාල් -උපුටාගැණීම ලංකාදීප නීලහරිත අයවැය, රටේ ණය ආර්ථිකයේ තත්ත්වය, මූල්‍ය අරමුදලේ කොන්දේසි අනුව අයවැය ඉදිරිපත් කළා යැයි චෝදනා කරන්නේ ඇයි යන කාරණා සම්බන්ධයෙන් කළ විමසුමකි මේ. ප‍්‍රශ්නය:- යහපාලන ආණ්ඩුවේ නීලහරිත අයවැය සම්බන්ධයෙන් ඔබේ අදහස් කෙබඳුද?පිළිතුර:- ඉතාමත් අර්බුදකාරී පැහැදිලි දැක්මක් නොමැති අයවැයක් හැටියට මේ අයවැය හඳුන්වන්න පුළුවන්. එහෙම කියන්න කාරණා […]

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ශ්‍රී ලාංකික වාරි ශිෂ්ඨාචාරයේ විශ්මිත යෝධ පිම්ම – රටක් නැගිටවන්නට ඉදිකළ මොරගහකන්ද

Thursday, December 7th, 2017

කතෘ:යුතුකම  -විශ්ව චින්තන- ලංකාවේ විශාලතම කෘෂි ව්‍යාපෘතිය ලෙස මොරගහකන්ද ගැන මුලින්ම කථා කරන්නේ 1955 වසරේදීය.නැවත 1977දී කඩිනම් මහවැලි ව්‍යාපෘතිය යටතේ මොරගහකන්ද නැවත කරලියට එයි.නමුත් මහින්ද යුගය එලැබෙන විටත් 60 වසරක් තිස්සේ එකඳු පස් පිඩැල්ලක් හෝ කැපීමට කිසිදු රජයකට හැකි වූයේ නැත. රට කෘෂිකර්මයෙන් ස්වයං පෝෂිත කිරීමේ මහින්ද චින්තන දැක්ම අනුව ආරම්භ කල වෙහෙරගල, වේලි ඔය, […]

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Life after Bond-gate economically speaking with Chandra Jayaratne

Sunday, December 3rd, 2017

Newsfirst.lk Sri Lanka’s Number One News Provider.

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Sri Lanka Economy

Sunday, December 3rd, 2017

By Nalaka Godahewa As you know , Sri Lanka gained independence in 1948. That was 69 years ago. Since independence except for two years;1954 and 1955,  Sri Lanka  has always had a budget deficit. These deficits were mostly bridged through local and foreign borrowings. When Mr Mahinda Rajapaksa became the 5th executive president of the […]

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Amateurish Govt. swallowed IMF advice to increase tax

Thursday, November 30th, 2017

By Kelum Bandara Courtesy The Daily Mirror Former Central Bank Governor Ajith Nivard Cabraal in an interview with the Daily Mirror spoke about the Government’s Budget and its implications. The interview done with Cabraal follows.   Q As the former Governor of Central Bank how do you view the Budget which the Government claims is futuristic and is […]

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Govt blundered by halting East Terminal causing Rs 3.5 bn loss – Ports Minister Move to open up shipping agency business to foreigners wrong

Tuesday, November 28th, 2017

By Saman Indrajith Courtesy The Island A delay in developing the Colombo Port East Terminal had led to a loss of Rs 3.5 billion to the Sri Lanka Ports Authority (SLPA), Ports and Shipping Minister Mahinda Samarasinghe told parliament yesterday. Minister Samarasinghe revealed this, speaking at the committee stage debate on Budget 2018, when the Finance […]

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බල්ලාගේ වැඩේ බූරුවාට බාරදීම

Sunday, November 26th, 2017

උපුටාගැණීම  මව්බිම ශ්‍රී ලංකාවට සුද්දන්ගෙන් නිදහස ලැබුණේ 1948දීය. එදා සිට මේ වන විට වසර 69ක් ගතවී ඇත. අපට පසු නිදහස ලැබූ බොහෝ ආසියාතික රටවල් අද ලෝකයේ දියුණුතම රටවල් අතරට එක්වී සිටියදී ශ්‍රී ලංකාව තවමත් දියුණු වෙමින් පවතින රටකි. මේ යන විදියට නම් තවත් අවුරුදු 50කටවත් මේ රට දියුණු රටක් වේ යැයි සිතිය නොහැක්කේ දියුණුව යනු […]

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Political instability has dissuaded foreign investors – Mahinda

Sunday, November 19th, 2017

By Sanchith Karunaratna Courtesy  Adaderana Former President Mahinda Rajapaksa stated that the volume of foreign investments arriving into Sri Lanka has gravely declined due to the prevailing political instability that has dissuaded many international investors. He further stated that the only foreign reserves remaining in the country are those that arrived during the previous regime. Mahinda Rajapaksa […]

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No proposals to overcome country’s economic crisis: MR

Thursday, November 16th, 2017

Ajith Siriwardana and Yohan Perera Courtesy The Daily Mirror While claiming that fraud and corruption of the government had put the country into an economic crisis, former President and MP Mahinda Rajapaksa said today no plan had been proposed in the budget or future development programmes by the President and the Prime Minister to come out […]

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Govt has relaxed everything; giving entire country to foreigners – Bimal (English)

Wednesday, November 15th, 2017

 

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