Author Archive for Economy

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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Govt. borrows Rs. 4.7 trillion in 3 years: Wimal

Wednesday, November 15th, 2017

Ajith Siriwardana and Yohan Perera Courtesy The Daily Mirror Joint Opposition MP Wimal Weerawansa said today the government had obtained Rs. 4.7 trillion as loans for three years whereas only Rs. 5.2 trillion was obtained as loans for nine years during the previous regime. Speaking during the budget debate, he said the debt burden had gone […]

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The cost of war

Tuesday, November 14th, 2017

Editorial Courtesy The Island November 14, 2017, 8:35 pm Yahapalana leaders declared, in the run-up to the 2015 presidential election, that there was no threat of war. They accused the Rajapaksa government of tilting at windmills, years after the conclusion of the war, and suppressing people’s democratic rights in the name of national security. True, […]

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Budget 2018 noncommittal to Central Bank’s inflation targeting crusade

Tuesday, November 14th, 2017

By Prof. Sirimevan Colombage Emeritus Professor, Open University of Sri Lanka Courtesy The Island November 14, 2017, 8:36 pm It would be a suicidal mission for the Central Bank to undertake inflation target-based monetary policy without strictly enforcing budget discipline by the government as I cautioned in my article in The Island of November 1, 2017. […]

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Views of politicos on the budget (English)

Sunday, November 12th, 2017

Views of politicos on the budget (English)

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A budget designed to milk the people dry

Sunday, November 12th, 2017

C.A.Chandraprema Courtesy The Island November 11, 2017, 8:04 pm The third yahapalana budget was presented in parliament and there does not seem to be anything positive that can be said about it. It was the AFP Correspondent in this country who pointed out at the press briefing held afterwards by the Minister of Finance that the […]

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2018 අයවැය පාරිභෝගිකයා ගොනාට ඇන්දවූ අයවැයක්…

Saturday, November 11th, 2017

lanka C news 2018 අයවැය පාරිභෝගිකයා ගොනාට ඇන්දවූ අයවැයක් බව පාරිභෝගික අයිතීන් සුරැකීමේ ජාතික ව්‍යාපාරය පවසයි. මේ බව සදහන් කරමින් එම සංවිධානය විසින් නිකුත් කර ඇති නිවේදනය මෙසේය. 2018 අයවැය පාරිභෝගිකයා ගොනාට ඇන්දවූ අයවැයක්. 2018 නොවැම්බර් 09 දින මුදල් අමාත්‍යවරයා විසින් පාර්ලිමේන්තුවට ඉදිරිපත් කරන ලද අයවැය තනිකරම පාරිභෝගිකයා ගොනාට ඇන්ද වූ අයවැයක් ලෙස නම් කල […]

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The Ranil-Mangala budget and why SLFP must reject it

Friday, November 10th, 2017

By Dr. DAYAN JAYATILLEKA Mangala Samaraweera clearly reveals that the guiding philosophy of his Budget and indeed of the government’s economic policy is manifestly not that of President Sirisena but rather that of Prime Minister Wickremesinghe when he says “Mr. Speaker…In line with Vision 2025…” Mr. Samaraweera’s budget is filled with lies, half-truths, dangerous ideas […]

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Sri Lankan stocks slip ahead of tax raising budget

Thursday, November 9th, 2017

Reuters  COLOMBO, Nov 9 (Reuters) – Sri Lankan shares closed lower on Thursday before the presentation of the national budget, where the South Asian island nation imposed new taxes on motor vehicles, telecoms, banks and liquor in a bid to boost revenues. The budget deficit for the current year slipped to 5.2 percent of gross […]

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Greiff gives govt. grief

Tuesday, October 24th, 2017

Editorial Courtesy The Island October 24, 2017, 12:00 pm Recalling the yahapalana leaders’ much-touted, pre-election claim that they had the backing of some rich, powerful members of the international community, JVP leader Anura Kumara Dissanayake has asked where those friends are today. He has said the government is now left without anyone to turn to for […]

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Sri Lanka floats international tender for 200,000 MT of rice

Tuesday, October 24th, 2017

UkrAgroConsult Sri Lanka has launched an open international tender to import a fresh tranche of rice– a first call in recent times to be issued to suppliers worldwide. We are making every effort to ensure that there will be no shortages for our consumers,” said Industry and Commerce Minister Rishad Bathiudeen. Under the directions of […]

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Bond scandal: Rs.10 bln loss for next thirty years: Fmr. DG

Saturday, October 21st, 2017

Shehan Chamika Silva Courtesy The Daily Mirror According to the personal computation of retired Deputy Governor, W.A. Wijeywardena, who testified at the Presidential Commission today, the government’s long term loss for the next thirty years would be Rs.10 billion due to the failure of not meeting the appropriate terms in the process of issuing Treasury Bonds which took […]

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ණය කන්ද උඩ ආණ්‌ඩුවේ කොන්ද

Friday, October 20th, 2017

කතු වැකිය උපුටා ගැන්ම දිවයින රටක ආර්ථිකයේ කොඳුනාරටිය වන්නේ මූල්‍ය වෙළෙඳපොළයි. නමුත් ශ්‍රී ලංකාවේ මූල්‍ය වෙළෙඳපොළ කෙතරම් දූෂණය වී ඇත්ද යන්න තේරුම් ගැනීමට පසුගියදා විභාගයට ගැනුණු බැඳුම්කර කොමිසමේ සාක්‍ෂි පමණක්‌ කියෑවීම හොඳටම ප්‍රමාණවත්ය. මේ මූල්‍ය වෙළෙඳපොළ තුළ රටේ ආණ්‌ඩු ලාභ ලැබීම කෙසේ වෙතත් ජාමෙ බේරාගත් ඉතිහාසයක්‌ අප දැක නැත. සිදු වූ එකම දෙය ආණ්‌ඩු පත්කිරීමට […]

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මහින්ද රාජපක්‌ෂ රජය රට ණය කන්දක හිරකළැයි කියන අගමැතිගේ ප්‍රකාශය මහා බොරුවක්‌ – බන්දුල ගුණවර්ධන (එජනිස)

Wednesday, October 18th, 2017

ජයේ ඉහළ තැන්වල සිටින බලධාරීන් මහ බැංකුව ශුද්ධ කළා වගේ විදේශ බැංකු කොල්ල කනවා අනුර බාලසූරිය උපුටා ගැන්ම දිවයින ලංකාවේ දැවැන්තම රාජ්‍ය ණය අර්බුදයක්‌ හටගත්තේ 2001, 2002, 2003 හා 2004 වර්ෂවලදී කියා එවකට අගමැතිවරයා වශයෙන් රනිල් වික්‍රමසිංහ මහතා රට හමුවේ, ජාතිය අමතා ප්‍රකාශයක්‌ කළේ ද නැද්ද? කියා පුළුවන්නම් ප්‍රකාශයක්‌ කරන ලෙසට තමා අගමැතිවරයාට අභියෝග කරන බව […]

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“Economy heading for major crisis”-Dinesh Gunawardane

Monday, October 16th, 2017

By Kelum Bandara Courtesy The Daily Mirror Will continue to engage Mahasanga on constitution making Parliamentary practices and the Constitution are abused by the Government JO awaits gazette note to make political announcements Will win a majority of councils JO is opposed to the report by the Steering Committee JO’s views were disregarded Govt.’s foreign policy […]

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Trade facilitation reform in Sri Lanka can drive a change in culture

Tuesday, October 10th, 2017

BY MARCUS BARTLEY  Courtesy   Blogs World Bank Two years ago, we started counting how many Sri Lankan agencies were involved in trade facilitation processes such as issuing permits and managing the movement of goods in and out of the country.  We counted at least 22 agencies in this assessment, and today, the Department of Commerce estimates that […]

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Will inform IMF, WB that Rs.792 bn unused: Bandula

Tuesday, October 10th, 2017

Lahiru Pothmulla Courtesy The Daily Mirror The joint opposition said today it would inform the World Bank (WB), the International Monetary Fund (IMF) and the Asian Development Bank (ADB) next week about funds amounting to Rs.792 billion remaining unused from the 2016 Budgetary allocations. JO MP Bandula Gunawardena said Rs.3,898 billion was allocated through the 2016 […]

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Six reasons why Sri Lanka needs to boost its ailing private sector

Wednesday, October 4th, 2017

BY TATIANA NENOVA Courtesy worldbank Sri Lanka experienced strong growth at the end of its 26-year conflict. This was to be expected as post-war reconstruction tends to bring new hope and energy to a country. And Sri Lanka has done well—5 percent growth is nothing to scoff at. A view of the business district in Colombo. […]

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Glyphosate ban has cut tea production by 20%

Monday, September 25th, 2017

Courtesy Ceylon Today The Glyphosate weedicide ban and the government’s failure to introduce an alternative weedicide has cost at least 20 per cent of tea production annually. In addition, a lack of an alternative weedicide has also led to tea planters using other weedicides, which are unauthorized by the country’s export partners, risking export restrictions […]

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Air bus – Better inform owners if deal to be called off: COPE

Sunday, September 24th, 2017

Yohan Perera Courtesy The Daily Mirror Parliamentary Committee on Public Enterprises (COPE) yesterday cautioned the government on large scale losses it could suffer if it failed to inform the relevant companies to stop the manufacture of the four A350 aircraft if the deal to lease them was to be cancelled. COPE Chairman Sunil Handunetti told Parliament […]

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Pre-1977 closed economy – Some benefits

Thursday, September 21st, 2017

DR. JANAKA RATNASIRI Nawala September 21, 2017, 9:58 pm The recent correspondence on the above appearing in the Sunday Island of 17th and 10th of September prompted me to pen this piece. The recollection of the past emphasizing its negative aspects is fine, lest people forget this era of events which the younger generation is […]

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Reforms Sri Lanka needs to boost its economy

Tuesday, September 19th, 2017

BY IDAH Z. PSWARAYI-RIDDIHOUGH  Courtesy The World Bank Many Sri Lankans understand the potential benefits of lowering trade costs and making their country more competitive in the global economy. The majority, however, fear increased competition, the unfair advantage of the private sector from abroad and limited skills and innovation to compete. Yet, Sri Lanka’s aspirations cannot be […]

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YOU CAN’T JUDGE A BOOK BY ITS COVER

Thursday, September 14th, 2017

By Dr. Nalaka Godahewa Courtesy Ceylon Today “Sir, after all those contributions to the nation, how could you lose the election?” a very emotional senior citizen asked the former President Mahinda Rajapaksa at a public event in Kurunegala just a few days ago. Rajapaksa gave an interesting answer to the senior citizen, “After the war, we […]

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Blood, Money and Markets

Thursday, September 14th, 2017

by Padraig Colman Courtesy Ceylon Today Sri Lankans have grown cynical about the number of public commissions and inquiries which have failed to shed any light or improve anything. Perhaps Sri Lankan politicians have learned from their former colonial masters that a good way to defuse a controversy is to set up an inquiry to delay […]

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National interests over global interests Sisyphus, Cerberus and the new world order

Thursday, September 14th, 2017

with Ravi Ladduwahetty Courtesy Ceylon Today Indeed, Russia and the U.S. were allies during the two tragic conflicts of the two World Wars, which allows us to think there’s something objectively bringing us together in difficult times, and I think – I believe – it has to do with geopolitical interests and also has a moral […]

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Marx, Communist Manifesto and Money

Saturday, September 9th, 2017

By Nalliah Thayabharan In 1600, the East India Company was granted the Charter to trade with India. It started sending bands of sea pirates in ships masked as merchants”. These sea pirates began landing on the shores of India and started setting up armed forts at various places such as Chennai. The Rothschild family had […]

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Liam Fox: We have turned down free trade deals because we do not have capacity

Saturday, September 9th, 2017

Written by: Agnes Chambre The UK has turned down countries wishing to strike free trade deals after Brexit because the Government does not have the capacity to negotiate them, the International Trade Secretary has said. Liam Fox said that instead, the Government is preparing to duplicate deals which already exist until they can be updated […]

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අගමැතිගේ කතාවට සිරස කුඩුවෙන්නම නෙලයි.. බැදුම්කරේට නොදෙවෙනි මධ්‍යම අධිවේගී ටෙන්ඩරය මෙන්න..

Friday, September 8th, 2017

– උපුටා ගැනීම – newsfirst.lk  Special Report: මධ්‍යම අධිවේගී මාර්ගයේ ටෙන්ඩරයෙන් ඇත්තටම රටට මුදල් ඉතිරි වුණා ද? බැඳුම්කර වංචාව ගැන අප 2015 මාර්තු 08 වැනිදා අප මුල්වරට හෙළි කිරීමෙන් පසුව අගමැතිවරයා එය ආරක්ෂා කරමින් පාර්ලිමේන්තුවේ කළ ප්‍රකාශය ඔබට මතක ද? අප පෙන්වා දුන්නේ සංවේදී අභ්‍යන්තර තොරතුරු ලබාගෙන බැඳුම්කර වෙන්දේසියේදී අක්‍රමිකතාවක් සිදුකර රජයට බිලියන ගණනක පාඩුවක් […]

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