Author Archive for Economy

Certain macro factors need to be managed carefully -Cabraal

Monday, October 21st, 2019

Moderated by Rishini Weeraratne Courtesy The Daily Mirror Former Central Bank Governor Ajith Nivard Cabraal responded to a few questions posed to him by viewers during a live interview conducted on Facebook. Here, he spoke about the growth of the economy during his tenure, where it has gone wrong, allegations on bond issues and the […]

More >

පිටකොටු‌වේ ඇපල් කිලෝව හාරසීයයි එනසාල් දහදාහයි

Sunday, October 20th, 2019

වජිර ලියනගේ උපුටා ගැන්ම  අරුණ පුවත් ලංකාවේ වැඩිම මිලට අලෙවි වන මල කුමක්දැයි ඔබත් ඇසුවහොත් ඔබ ඕකිඩ්, ගාඩිනියා, ලැවැන්ඩර් ආදී විවිධ මල් වර්ග සිහියට නගා ගනු ඇත්තේ නිතැතිනි. එහෙත් ලංකාවේ මිල අධිකම මල ඔය කියන එක කෙහෙල්මලක් නොවේ. ලංකාවේ මිල අධිකම මල සාදික්කා මලය. එය පිටකොටුවේ කුළු බඩු තොග අලෙවිකරුවන් අතර තොග මිල කිලෝවක් රුපියල් […]

More >

India falls behind Pakistan, Bangladesh, Sri Lanka, Nepal in global hunger index; ranks 102nd among 107 countries

Wednesday, October 16th, 2019

Courtesy Business Today South Asian countries like Pakistan (94), Bangladesh (88), Sri Lanka (66) and Nepal (73) have fared better than India in terms of high-levels of hunger India has ranked 102nd among 107 countries in the Global Hunger Index (GHI). In 2018, India had ranked 55 among 77 nations listed in the GHI. South […]

More >

Govt to issue 10 year US 500 billion Samurai Bond package

Sunday, October 13th, 2019

Courtesy The Daily Mirror The government is in a move to issue a ten year US 500 billion (600 billion yen) Samurai Bond package to repay foreign loans under the provisions of the Responsible Management Liability Act passed in 2003. Mizuho Securities Company Ltd., SMBC Nikko Securities Inc., and Mitsubishi UFJ Morgan Stanley Securities Co. […]

More >

Is the PM lying or is he misinformed?

Friday, October 11th, 2019

By Sumanasiri Liyanage Courtesy Ceylon Today In the last two months or so, when the country was edging towards the Presidential Election, Prime Minister, Ranil Wickremesinghe, maybe hoping for United National Party nominations, had begun to talk on the economic performance of his Government. Having followed his speeches in different fora, one may identify the […]

More >

Yahapalanaya not built anything of lasting value from USD26bn loans: MR

Tuesday, October 1st, 2019

Courtesy LBO Oct 01, 2019 (LBO) – Sri Lanka’s Opposition Leader Mahinda Rajapaksa says that the yahapalana government has not built anything of lasting value or anything that would generate an income from the staggering 26 billion US dollars that they took in the form of foreign currency commercial loans since January 2015. Releasing a […]

More >

IMF cuts Sri Lanka’s 2019 growth target to 2.7%

Wednesday, September 25th, 2019

Economy COLOMBO, Sept 25 (Reuters) – The International Monetary Fund (IMF) said on Wednesday it has cut its forecast for Sri Lanka’s 2019 economic growth to 2.7% from 3.5% as a political crisis in the last year and Easter attacks weigh on the tourism industry and broader business activity. The IMF forecast is lower than […]

More >

Industry concerned over increase in cheaper Sri Lanka pepper imports

Monday, September 23rd, 2019

By PK Krishnakumar Courtesy The Economic Times This happened at a time when pepper prices in Sri Lanka crashed to $2,800 from $3,800 per tonne, while the MIP in India was $7,000 per tonne (Rs 500 per kg).  ndia’s spice industry has raised concerns over increase in black pepper imports from Sri Lanka since August […]

More >

රාජ්‍ය සේවක වැටුප් ගෙවීමට මුදල් නොමැති බව මන්ත්‍රී විජේදාස කියයි

Thursday, September 12th, 2019

උපුටා ගැන්ම  හිරු පුවත් රාජ්‍ය සේවකයන්ගේ වැටුප් ගෙවීමට මුදල් නොමැතිවීම හේතුවෙන් ආණ්ඩුව මහා භාණ්ඩාගාරය හරහා විදුලි සංදේශ නියාමන කොමිසමෙන් රුපියල් බිලියන 10 ක ණයක් ඉල්ලා ඇති බව පාර්ලිමේන්තු මන්ත්‍රී විජේදාස රාජපක්ෂ පවසනවා. මන්ත්‍රීවරයා මෙම අදහස් පළ කළේ කොළඹ අද පැවති මාධ්‍ය හමුවකදීයි.

More >

මහ බැංකුවේ අධිපතිවරයාට ඇති කාර්යභාරය අගමැතිවරයා සිදු කරනවා – හිටපු මහ බැංකු අධිපති

Wednesday, August 28th, 2019

උපුටා ගැන්ම  හිරු පුවත් මහ බැංකුවේ අධිපතිවරයාට ඇති කාර්යභාරය අගමැතිවරයා විසින් සිදුකිරීම හේතුවෙන් මහ බැංකු අධිපතිවරයා මේ වනවිට අසරණ තත්ත්වයට පත්ව ඇති බව හිටපු මහ බැංකු අධිපති අජිත් නිවාඩ් කබ්රාල් මහතා පවසනවා අද පැවති ප්‍රවෘත්ති සාකච්ඡාවකදී ඔහු මේ බව සඳහන් කළා.

More >

මහ බැංකුවේ කබ්රාල් යුගය

Thursday, August 22nd, 2019

ශ්‍යාම් නුවන් ගනේවත්ත  උපුටා ගැන්ම දිවයින මහ බැංකුව වූ කලී රටේ මුල්‍ය ප‍්‍රතිපත්තිය ක‍්‍රියාත්මක කරන මුළු මහත් ආර්ථිකයටම දැවැන්ත බලපෑමක් කළ හැකි ආයතනයකි. එය ශ‍්‍රී ලංකාවේ මූල්‍ය පද්ධතියේ කේන්ද්‍රීය ස්ථානය උසුලනු ලබන ආයතනයයි. 1950 වර්ෂයේ දී 1949 අංක 58 දරන මුදල් නීති පනත මගින් අර්ධ ස්වාධීන ආයතනයක් ලෙස මහ බැංකුව පිහිටුවා ඇති අතර සාමාජිකයන් පස් […]

More >

IMF’s latest victims

Tuesday, August 20th, 2019

By Jayati Ghosh Courtesy Ceylon Today The process of selecting the International Monetary Fund’s next Managing Director must change. In particular, the tradition of choosing a European for the post – based on an unfair and anachronistic ‘gentlemen’s agreement’ reached with the United States when the institution was established 75 years ago – needs to […]

More >

Sri Lanka shares gain after wartime defense chief launches presidential bid

Tuesday, August 13th, 2019

Courtesy London South East COLOMBO, Aug 13 (Reuters) – Sri Lankan shares closed marginally higher on Tuesday, easing from early gains of 1.2%, after the main opposition party named a hardline former defence chief as presidential candidate, seeking to capitalise on public clamour for a decisive leader. ** The rupee ended slightly weaker on importer […]

More >

Easter bombings damaged Sri Lanka economy beyond tourism

Wednesday, July 31st, 2019

Courtesy ABC News Shocks from deadly suicide bombings on Easter Sunday in Sri Lanka are reverberating throughout its economy in the worst crisis since the South Asian island nation’s civil war ended in 2009. The blasts that killed more than 250 people were blamed on Islamic extremists. They have devastated Sri Lanka’s vital tourism industry, […]

More >

Giants: Who Really Rules The World?

Friday, July 19th, 2019

Courtesy Empire Files Abby Martin sits down with Peter Phillips, former director of Project Censored and professor of Political Sociology at Sonoma State University. His new book Giants: The Global Power Elite” details the 17 transnational investment firms which control over $50 trillion in wealth—and how they are kept in power by their activists, facilitators […]

More >

Making the Political Alternative meaningful and Relevant to Masses

Thursday, July 18th, 2019

By Siri Hettige, Emeritus Professor of Sociology, University of Colombo – Courtesy The Island There has been considerable public discussion in recent months about the need to find a meaningful and real alternative to the existing two mainstream political formations in Sri Lanka. But, the people in the country are yet to see a clear […]

More >

World Bank assures continuous assistance to Sri Lanka

Thursday, July 18th, 2019

Courtesy Adaderana The World Bank will increase assistance to Sri Lanka under three of its new operations, the World Bank Vice President for South Asia Region, Hartwig Schafer said today (18). The three World Bank operations include assisting the agriculture sector faced with climatic vagaries, irrigation, renewable energy, climate resilience operations and renovation of tanks […]

More >

Central Banks revises Sri Lanka’s growth to 3% from 4%

Friday, July 12th, 2019

Courtesy NewsIn.Asia Colombo, July 12 (Daily FT) – The Central Bank yesterday said it has revised growth down to 3% from 4% earlier in the year, but kept policy rates unchanged on moderate inflation, international rate cuts, and expectations of lending rates declining in the coming weeks, to boost economic expansion. Central Bank Governor Dr. […]

More >

World Bank classifies Sri Lanka as upper middle income country

Friday, July 5th, 2019

COLOMBO, July 4 (Xinhua) — The World Bank has changed Sri Lanka’s classification from a lower-middle income country to an upper-middle income country under its latest country income classifications for the 2020 fiscal year, local media reports said here Thursday. The World Bank in a statement said it had classified the world’s economies into four […]

More >

India stays lower-middle-income nation while Sri Lanka gets richer: Report

Thursday, July 4th, 2019

Courtesy Business Standard Maldives ($9,310 or Rs 6,36,432) and Sri Lanka ($4,060 or Rs 2,77,542) are the only two countries in South Asia in the upper-middle-income group Mumbai: India continues to be a lower-middle-income country along with 46 others, while Sri Lanka has climbed to the upper-middle-income group for the fiscal year (FY) 2020, according to the […]

More >

Notes To The People Economic Development: An Alternative Perspective

Thursday, June 27th, 2019

By Sumanasiri Liyanage Courtesy Ceylon Today Since 1977, Sri Lanka has been following neo-liberal economic policies uninterruptedly. The change of Government has had no major impact on them. A forty-year period is long enough to assess the correctness of economic policies.  During this four decade period (1977-2019), total production as measured by Gross National Product […]

More >

Sri Lanka’s likely to raise $2 billion via sovereign bonds – government officials

Monday, June 24th, 2019

Courtesy Reuters COLOMBO (Reuters) – Sri Lanka is likely to raise $2 billion through 5-year and 10-year sovereign bonds launched on Monday, two government officials told Reuters, as the Indian Ocean island nation tapped global capital markets for the second time in three months.A man walks past a board advertising U.S. dollars at a money […]

More >

Sri Lanka in talks with China for $1 billion loan

Thursday, June 20th, 2019

Courtesy  Saudi Gazette COLOMBO — Sri Lanka is seeking a loan of nearly $1.0 billion from China for energy and highways as the island recovers from the devastating Easter Sunday bombings, the finance ministry said Thursday. Talks are underway with China’s Asian Infrastructure Investment Bank (AIIB) to raise the new loan in addition to the […]

More >

Govt’s capital expenditure cut will affect projects: Bandula

Wednesday, June 19th, 2019

Yohan Perera and Ajith Siriwardana Courtesy The Daily Mirror Government’s decision to cut capital expenditure will affect the contractors who have already undertaken to implement various government projects, UPFA MP Bandula Gunawardane said today. We have heard that the government had decided to cut capital expenditure by 15% and we would like to know what […]

More >

Lanka IOC also announces price hike in Petrol 92 Octane

Monday, June 10th, 2019

Courtesy Adaderana Lanka Indian Oil Company (LIOC) has decided to increase the price of Petrol 92 Octane by Rs 7.00 per litre and the price hike is set to take effect from midnight today (10). The revised price, which was previously at Rs 140.00 as per the price hike announced by the Lanka IOC last […]

More >

Foreign debt increases by ‘6% of GDP’ to 41.2% of GDP in 2018 Total debt by 6% of GDP to 82.9% of GDP

Tuesday, June 4th, 2019

By Paneetha Ameresekere Courtesy Ceylon Today Foreign debt liabilities increased significantly by ‘six percentage points in Gross Domestic Product (GDP) terms’ to 41.2 per cent of the GDP last year (2018) led by a rapid depreciation of the Rupee and low GDP growth in the review period, the Finance Ministry, in a document released on […]

More >

පාස්කු බෝම්බය අස්සේ ආර්ථික බෝම්බයත් පිපිරේ.. එක දවසට කෝටි 500ක් ණය වෙයි.. ආසියාවේ ආර්ථික වේගය 6% පනිද්දී ලංකාව 3%ට වැටේ..

Monday, June 3rd, 2019

වියත්මග මාධ්‍ය ඒකකය මතුගමදී පැවති ‘වියත්මග’ සම්මන්ත‍්‍රණය අමතමින් ආචාර්ය නාලක ගොඩහේවා මහතා මෙම අදහස් පල කලේය. අද ගොඩක් දෙනෙක් කතා කරන්නේ ජාතික ආරක්‍ෂාව ගැනයි. ඒ වගේම බොහෝ දෙනෙක්ට අද  අමතක වෙලා රටේ ආර්ථිකය ගැන. ජාතික ආරක්‍ෂාව ගැන කතා කරන කවුරුත් ආපස්සට ගිය ආර්ථිකය ගැන කතා කරන්නේ නැහැ. අද මෙරට ඉතිහාසයේ නොවූ විරූ ආකාරයේ ආර්ථික අර්බුදයකට […]

More >

Our Real Debt to China

Saturday, May 18th, 2019

Dinesh Perera J M Keynes on IndiaThe available statistics appear to show that, whether the phenomena are connected or not, the rise of prices has nearly been proportional to the increase of currency”[1]Apart from the fluctuations of the seasons the Indian level of prices is most influenced at the present time by the extent to […]

More >

Risk-sensitive economic planning critical for post-disaster revival

Friday, May 17th, 2019

Risk-sensitive economic planning and coherence between climate and disaster risk reduction (DRR) policies are vital in building resilient societies and economies as envisioned by the Sustainable Development Goals (SDG), Sri Lanka’s Permanent Representative to the UN in Geneva, Ambassador A.L.A. Azeez stated. He made these remarks addressing the Sixth Global Platform on Disaster Risk Reduction […]

More >

IMF: too early to assess Sri Lanka economic damage from Easter bombings

Thursday, May 16th, 2019

Courtesy Reuters COLOMBO (Reuters) – The International Monetary Fund said on Thursday it was holding its forecast for Sri Lanka’s 2019 economic growth at 3.5% in spite of devastating Easter bombings, saying it was too early to assess financial damage.FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, […]

More >

Copyright © 2019 LankaWeb.com. All Rights Reserved. Powered by Wordpress