Author Archive for Economy

ලංකාවෙන් භාගයකම දිනක ආදායම රු.800යි

Wednesday, August 8th, 2018

උපුටා ගැන්ම  Lanka Lead News ශ්‍රී ලංකාවේ ජනගහනයෙන් සියයට හතළිස් පහක (45) දවසේ ආදායම රුපියල් අටසියයට (800) වඩා අඩු ඉතා අවම මට්ටමක පවතින බව ශ්‍රී ජයවර්ධනපුර විශ්වවිද්‍යාලයේ ගණකාධිකරණ පීඨයේ මහාචාර්ය කෙනඩි ඩී. ගුණවර්ධන මහතා පෙරේදා (6) ප්‍රකාශ කළේය. රට ආර්ථික වශයෙන් සම්පූර්ණයෙන්ම කඩා වැටී ජනතාව උග්‍ර දරිද්‍රතාවයකින් පෙළෙන බව මෙයින් පැහැදිලි වන බවද මහාචාර්යවරයා අවධාරණය කළේය. […]

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Indian envoy points to “substantial advantageous” to Sri Lanka if it links up with India’s fast growing economy

Tuesday, August 7th, 2018

Courtesy NewsIn.Asia Colombo, August 7 (newsin.asia): The Indian High Commissioner in Sri Lanka, Taranjit Singh Sandhu, stressed the substantial” advantages that Sri Lanka will have if it links up with India, which is the sixth largest and the fastest growing major economy in the world today. Addressing the Sri Lanka-India Society (SLIS) at a function […]

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Fiscal position management prompted vehicle and gold import tax hikes says CBSL Governor

Friday, August 3rd, 2018

By Hiran H.Senewiratne Courtesy The Island The government has imposed taxes on gold and vehicle imports to manage the country’s fiscal position, which has already resulted in some relief for the economy, Central Bank Governor Dr. Indrajit Coomaraswamy said. “At present with the new tax imposition, gold imports have come down to manageable levels, while vehicle […]

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Sri Lanka secures $1 billion Chinese loan

Friday, August 3rd, 2018

By AFP Courtesy Daily Mail The huge port under construction in Colombo straddles the world’s busiest east-west shipping route and also gives a strategic foothold to China in a region long dominated by India Sri Lanka’s central bank on Friday announced it had secured a $1 billion Chinese loan as the island, a key link in Beijing’s […]

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Sri Lanka part of China’s One Belt One Road initiative: Communist Party

Friday, August 3rd, 2018

Courtesy wionews A Communist Party on Friday said that Sri Lanka is a partner in China’s ambitious One Belt One Road initiative. This multi-billion initiative of Chinese President Xi Jinping focuses on improving connectivity and cooperation among Asian countries, Africa, and Europe. Guo Yehou, a Chinese Vice Minister, met Sri Lankan Prime Minister Ranil Wickremesinghe […]

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The ‘small car dream’ has truly become just a dream now – JO

Thursday, August 2nd, 2018

By Tharindi Pabasara Courtesy Adaderana Joint Opposition MP Shehan Semasinghe says that there is absolutely no preparation to hold elections by the current government, which is attempting govern the country in a dictatorial fashion. He stated that the ‘small car dream’ has truly become just a dream presently and the government has disregarded all the promises it […]

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තිබුන දේ මදි වී ඉල්ලන් කාපු හැටි

Tuesday, July 31st, 2018

ආචාර්ය නාලක ගොඩහේවා  2005 දි නව ජනාධිපති මහින්ද රාජපක්ෂ මහතා බාරගත්තේ කෙබඳු රටක්ද යන්න අද බොහෝ දෙනෙකුට මතක නැත. එදා රට තිබුනේ බොහෝ අර්බූදකාරී තත්වයකය ලංකාවේ නිවාස වලින් 27% කට විදුලිය තිබුනේ නැත. විදුලිය නැති නිවාස දස ලක්ෂයක් පමන තිබුනි. මසකට දෙතුන්වරක් රට පුරා විදුලිය ඇනහිටීම් අරුමයක් නොවිනි. නිවාස දස ලක්ෂයකට පානීය ජලය තිබුනේ නැත. […]

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Mattala Airport and Hambantota Port Foreign interest and our liabilities

Monday, July 30th, 2018

By Shivanthi Ranasinghe Courtesy Ceylon Today Maithripala Sirisena insists that he will carry out the death penalty. His mere statement has caused an avalanche of protests. EU has threatened to withdraw the Generalized Scheme of Preference (GSP+) facility. International NGOs have warned the Government of dire consequences if the moratorium on the death penalty was lifted. […]

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Sri Lanka gets $100 mn from World Bank to modernize general education system

Wednesday, July 25th, 2018

Courtesy NewsIn.Asia Colombo, July 25 (newsin.asia) – Sri Lanka will get a 100 million US dollar concessionary loan from the World Bank to diversify and upgrade the general education system in the country to global standards, the Finance Ministry said in a statement Wednesday. The General Education Modernization Project (GEM) will modernize and diversify the […]

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ඩො. මි 16 ක් ආයෝජනය කළ බව ඔප්පු කළොත් මම මන්ත්‍රි ධුරයෙන් ඉල්ලා අස්වෙනවා

Monday, July 23rd, 2018

උදයන්ති මුණසිංහ ඡායා – දුමිඳු වනිගසේකර උපුටාගැණීම  මව්බිම 1815 කන්ද උඩරට පාවාදීමටත් වඩා දරුණු පාවා දීමක් ලෙස විද්වතුන් සලකන සිංගප්පූරු ගිවිසුම සම්බන්ධයෙන් විපක්‍ෂ නායක ආර්. සම්පන්දන් දරන්නේද මලික් සමරවික්‍රම අමාත්‍යවරයාගේ මතයම බව පාර්ලිමේන්තු මන්ත්‍රි බන්දුල ගුණවර්ධන පැවැසුවේය. සිංගප්පූරු ගිවිසුම සිංගප්පූරුවට වඩා ශ්‍රී ලංකාවට වැදගත් බව පවසමින් විපක්‍ෂ නායකවරයා ආණ්ඩුවේම මතවාදය ගෙන යන බවත් පාර්ලිමේන්තුව තුළ සැබෑ විපක්‍ෂයේ […]

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In push for dominance, China offers Sri Lanka fresh $295 million grant

Sunday, July 22nd, 2018

Courtesy India Today Chinese President Xi Jinping has offered Sri Lanka a fresh grant of 2 billion yuan ($295 million), as Beijing tries to expand its influence in the tiny island country off India’s southern tip. President Maithripala Sirisena of Sri Lanka, a partner in Beijing’s multi-country Belt and Road infrastructure push, made the announcement […]

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China’s President Xi Jinping offers $295 million to Sri Lanka

Sunday, July 22nd, 2018

Courtesy wionews.com Chinese President Xi Jinping has offered Sri Lanka a fresh grant of 2 billion yuan ($295 million), as Beijing tries to expand its influence in the tiny island country off India’s southern tip. President Maithripala Sirisena of Sri Lanka, a partner in Beijing’s multi-country Belt and Road infrastructure push, made the announcement on […]

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On Contact: The Coming Collapse of the American Economic System with Richard Wolff

Sunday, July 15th, 2018

Economist Richard Wolff discusses the coming economic collapse of the United States of America.

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The role of Asean’s ports in China’s Belt and Road

Sunday, July 15th, 2018

By Suwatchai Songwanich CEO, Bangkok Bank (China) Courtesy The Nation China’s investments in deep-sea ports in Myanmar and Cambodia will provide critical links in the Belt and Road Initiative (BRI), but there are also concerns that they could give China undue economic leverage in the region. On the Bay of Bengal in Myanmar, Chinese state-owned firms […]

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Western media misread Sri Lanka’s debt issue

Sunday, July 15th, 2018

By Wang Se Source:Global Times Recently, some Western media outlets have accused China of using debt trap to expand its influence to Sri Lanka and other countries along the Belt and Road route. They allege that China lures countries of strategic significance into the debt trap by giving them huge loans and then taking over infrastructural projects […]

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Professionals flay SL-Singapore FTA and suicide mission trade policy

Saturday, July 14th, 2018

by C.A.Chandraprema Courtesy The Island July 14, 2018, 12:00 pm Last Thursday, the Professionals’ National Front (PNF) which brings together professionals from the medical, engineering, banking, IT, architectural, and many other spheres held a seminar to a packed audience at the Sri Sambuddhathwa Jayanthi Mandiraya in Thunmulla on the SL-Singapore Free Trade Agreement ahead of the […]

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Sri Lanka is indeed trapped, but not by Chinese debt – Embassy

Friday, July 6th, 2018

Courtesy Adaderana The spokesperson said that Chinese loans are not the main part of Sri Lanka’s foreign debt. According to the Annual Report 2017 of the Central Bank of Sri Lanka, the total external debt of the Island country counts US dollars 51.824 billion, among which outstanding Chinese loans takes up only about 10.6% with […]

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US-China Trade war begins: China retaliates with 25% tariffs on $34 billion worth of US imports

Friday, July 6th, 2018

Courtesy RT Just hours after the United States introduced 25 percent trade tariffs on $34 billion worth of Chinese goods, Beijing has retaliated with mirror measures against American imports. After the United States introduced the new tariffs, China’s reciprocal measures also immediately took effect,” said the spokesman for the Chinese Foreign Ministry Lu Kang. He did not […]

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China says West wants to push Lanka into an “under-development trap”

Friday, July 6th, 2018

 Courtesy NewsIn.Asia Colombo, July 5 (newsin.asia): The Chinese Embassy in Sri Lanka said on Thursday, that the Western media propaganda that China is pushing Sri Lanka into a debt trap” is not only contrary to facts but is also motivated by a desire to push Sri Lanka into an under-development trap”. The embassy said this […]

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China confident of facing second probe into allegation of funding Rajapaksa poll campaign

Friday, July 6th, 2018

Courtesy NewsIn.Asia Colombo, July 5 (newsin.asia): The Chinese government owned China Harbor Engineering Company (CHEC), which has been accused by the New York Times of funding former President Mahinda Rajapaksa’s 2015 election campaign said on Thursday, that it had faced the same allegation in 2015 and had refuted it with strong evidence.” It is therefore ready to […]

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Chinese Embassy, CHEC slam New York Times over ‘false report’ on Sri Lanka

Friday, July 6th, 2018

Courtesy NewsIn.Asia The Chinese Embassy in Sri Lanka says that some foreign forces without willingness or abilities to help, are fabricating lies to obstruct the joint development of China and other developing countries including Sri Lanka and keep Sri Lanka in the trap of poverty. Mr. Luo Chong, Spokesperson and the Chief of Political Section […]

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China refutes so-called ‘debt trap’ over SL’s Hambantota port project

Wednesday, July 4th, 2018

China Daily China and Sri Lanka are committed to pushing forward cooperation on the Hambantota port project and realizing the goal of making Sri Lanka the logistics center of the Indian Ocean, said a Foreign Ministry spokesperson on Tuesday. “This is not only conducive to the economic development of Sri Lanka, but also conducive to […]

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India gives tariff concessions on 3,142 items to China, other APTA countries

Monday, July 2nd, 2018

NEW DELHI, JULY 2 New Delhi has extended tariff concessions on 3,142 items to five countries including China, Bangladesh, South Korea, Sri Lanka and Laos PDR under the Asia Pacific Trade Agreement (APTA) effective from July 1, 2018. As a founding member of APTA, India is committed to strengthening the APTA process through these concessions,” […]

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Decline to destruction

Sunday, July 1st, 2018

By Shivanthi Ranasinghe Courtesy Ceylon Today There is no question that we are in an economic crisis. It is certainly not a new development. Almost, throughout our contemporary history successive finance ministers’ special task was to go around the world with the begging bowl. As we turned into the new millennium, the then Government even contemplated […]

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Ajith Nivard Cabraal refutes New York Times report

Thursday, June 28th, 2018

ARTHUR WAMANAN Courtesy Ceylon Today Former Governor of the Central Bank, Ajith Nivard Cabraal has refuted claims made in a recently published article in the New York Times which had stated that Sri Lanka was placed in a debt trap by China due to the loans obtained for various development projects. The New York Times (NYT) […]

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University Education in imminent jeopardy

Sunday, June 24th, 2018

Courtesy The Daily Mirror There would be a negative impact on the University Education in the long-run because of the Rs. 1 billion worth of funds of the University Grants Commission (UGC) that had been invested in the controversial bond transaction, Campaign for Free and Fair Elections (CaFFE) said. Executive Director of CaFFE and Centre […]

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Rupee hits record low, IMF urges Sri Lanka to let it slide

Wednesday, June 20th, 2018

Courtesy Mail On Line The International Monetary Fund urged Sri Lanka Wednesday to let its rupee keep sliding and not intervene further to bolster the ailing currency as it fell to historic lows. The currency bottomed out at roughly 160 rupees to the US dollar on Wednesday — its weakest ever point — despite efforts […]

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මෙරට ආර්ථික ඉතිහාසයේ දැවැන්ත ඛේදවාචකයට අපි මුහුණදීලා

Tuesday, June 19th, 2018

ක්‍රිෂාන් පතිරත් ජයසූරිය ඡායා – වෙනුර චන්ද්‍රමාලිත උපුටාගැණීම  මව්බිම වර්තමානයේදී රුපියලට සාපේක්ෂව ඩොලරයේ අගය රුපියල් 162 දක්වා වැඩිවී ඇති බවත් එය අප රටේ ආර්ථික ඉතිහාසයේ දැවැන්තම ඛේදවාචකය වන අතර සිංගප්පූරු – ශ්‍රී ලංකා නිදහස් වෙළෙඳ ගිවිසුම ක්‍රියාත්මක කළහොත් රුපියලට සාපේක්ෂව ඩොලරයේ අගය 200ක් දක්වා වැඩිවීම වැළැක්විය නොහැකි බවත් ඒකාබද්ධ විපක්ෂයේ ආර්ථික කටයුතු පිළිබඳ අංශයේ ප්‍රධානි පාර්ලිමේන්තු මන්ත්‍රි […]

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China allays ‘public fears’ on loans provided to Sri Lanka

Monday, June 18th, 2018

by Sanath Nanayakkare Courtesy The Island June 18, 2018, 8:42 pm Li Jiming, Director General of the Foreign Affairs Office of the Yunnan Provincial Government of China told the foreign media recently that there is no reason for Sri Lankans to fear their country falling into a debt trap because of the Chinese infrastructure loans. He […]

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Sri Lanka Sets Target Of US$200 Million In Boat And Shipping Exports By 2022

Sunday, June 17th, 2018

By Eurasia Review While Sri Lanka’s footprint in global boats and shipping sector is small, exports in the sector continue to surge in strong numbers, and as a result Sri Lanka is ambitiously targeting US$ 200 million boats and shipping exports by 2022, Minister of Industry and Commerce Rishad Bathiudeen says. Global ship and boat building […]

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