Sugath Kulatunga The two-fold objective of a devaluation exercise is to stimulate exports and reduce imports. For exports to increase it depends on elasticity of supply and demand. At the time of devaluation in 1977 our exports were mainly Tea, rubber and coconut products which made up of around 70 percent of the export value. […]

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Courtesy NewsIn.Asia Oct 16 (NewsWire) – Sri Lanka has been ranked among the top 13 safest countries to travel in the Word as per the popular online travel community platform WorldPackers.com. Out of top 13 countries, Sri Lanka is ranked 12th while Iceland is ranked the safest country to travel as per the latest WorldPackers.com […]

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Courtesy e-Con e-News In the midst of the annual US World Bank & IMF financial frolic in Washington…With all their suited & tied mannequins-of-color in attendance…The Governor of the Central Bank declares out loud: Sri Lanka will not take part in alternate international payment systems: Central Bank declines to accept Russian Mir Payment System…Central Bank […]

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Courtesy Adaderana President Ranil Wickremesinghe stated that he had recently discussed Sri Lanka’s debt restructuring with the Chinese Finance Minister and he is optimistic that the discussions in this regard would be concluded successfully. The President further mentioned that the delegation headed by the State Minister of Finance, who is currently in Washington, held initial […]

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Courtesy Hiru News Ceylon Electricity Board and the Ceylon Petroleum Corporation are expected to be restructured after obtaining approval for the final report on submission to the President and the Cabinet according to Minister Kanchana Wijesekera

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Sugath Kulatunga Courtesy Sugath Kulatunga FB page. The two-fold objective of a devaluation exercise is to stimulate exports and reduce imports. For exports to increase it depends on elasticity of supply and demand. At the time of devaluation in 1977 our exports were mainly Tea, rubber and coconut products which made up of around 70 […]

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By Luxman Siriwardena and Chanuka Wattegama Courtesy The Sunday Times (LK) Published on 17th April 2011 The main opposition party has recently demanded a devaluation of the Sri Lankan Rupee (LKR) to ‘increase exports’ and ‘boost the economy’. This process, claims our ‘government-in-waiting’, is the assured remedy to increase the share of exports in the […]

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