Courtesy Hiru News A payment of $2.5 million released by the General Treasury to settle a foreign debt failed to reach the intended recipient and was reportedly diverted to a computer hacker or a third party, according to the ‘FREE LAWYERS’ organisation. The chairman of the organisation, President’s Counsel Maithri Gunarathne, sent a letter to […]

Courtesy BBC News Global Affairs Correspondent After floods devastated their village, Indrani Ravichandran and her family are back in their house, living in the only section that is still standing. They are among the many victims of Cyclone Ditwah that ravaged the country last November. The scale of the storm – and the destruction it […]

 KELUM BANDARA  Courtesy The Daily Mirror Colombo, April 9 (Daily Mirror) – The International Monetary Fund (IMF) stressed today that Sri Lanka must also continue with trade liberalisation, digitalisation, regulatory streamlining, and labour market modernisation to unlock durable, inclusive growth. Addressing a media conference at the conclusion of the latest mission, IMF Mission Chief for […]

UNDP UNDP satellite data shows 2.3 million Sri Lankans exposed and 1.1 million hectares flooded as cyclone Ditwah strains infrastructure and public services December 9, 2025 Colombo/New York, 9 Dec 2025 – An estimated 2.3 million people – more than half of them women – were living in areas flooded by Cyclone Ditwah that struck Sri Lanka on 28 November. New geospatial analysis from the United Nations Development Programme (UNDP) shows […]

Entangled News

Courtesy The Daily Mirror If there was one thing that was sure to happen as an external factor that would affect the economy of Sri Lanka, it was the turmoil in the Middle East. This has been a constant since 1948 when Israel was established. All governments and organizations that have existed in this country […]

Courtesy The Daily Mirror Colombo, March 28 (Daily Mirror) – Sri Lanka has been ranked the second in the world’s most unaffordable housing markets as per a report published by ‘The Economist’.  According to the report, Cities in developing countries such as India, Indonesia and the Philippines are gaining hundreds of millions of people.  “This […]

Courtesy The Daily Mirror As a response to Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, saying, while on a visit to Sri Lanka, as to how government discussions with the IMF can help recover from the impact of Cyclone Ditwah-which had disastrous effect on ailing economy- internationally renowned political economist and senior […]

උපුටා ගැන්ම  ලංකා ලීඩර් දෙවන ලෝක යුද්දයෙන් පසු අමෙරිකාව ප්‍රමුඛ බටහිර ලිබරල්වාදී සමාජය විසින් ගොඩනැගූ නව ආර්ථික මොඩලය අද වන විට පවත්වාගෙන යා නොහැකි තැනකට පැමිණ ඇති බව ජාත්‍යන්තර දේශපාලන විශ්ලේෂක ආචාර්ය ජගත් චන්ද්‍රවංශ මහතා පවසයි. එම ආර්ථික බිඳ වැටීම මගින් එම ආර්ථික මොඩලය මුල්කරගෙන බිහිවූ අධිරාජ්‍යයද බිඳ වැටෙන බවත් පවසන ඒ මහතා මෙම හැම […]

Courtesy Hiru News Russian investors are ready to put money into Sri Lanka, but what to invest in—and where—remains a challenge. This was highlighted by Russian Ambassador to Sri Lanka Levan Dzhagaryan during a media briefing at the Embassy in Colombo today. The briefing touched on multiple issues, including Russia’s long-discussed proposal to construct a […]

Rohan Abeygunawardena ACMA, CGMA Some years ago, in the early nineties, when I was working for a manufacturing company, I was part of a team tasked with expanding and modernizing one of the factories. I met a technocrat from a Taiwanese company that quoted for the machinery needed for our project. I had some reservations […]

උපුටා ගැන්ම ලංකා සී නිව්ස් මෙරට ප්‍රධානම පෙළේ ආයතනයක් තමන්ගෙ කර්මාන්ත ශාලා වසා දැමීමට ගෙන තිබෙන තීරණය නිසා විශාල පිරිසකට රැකියා අහිමි වන බව විපක්ෂ නායක සජිත් ප්‍රේමදාස පාර්ලිමේන්තුවේ දී පැවසීය. ඒ මහතා මෙසේද කීවේය. ‘ඇමරිකාව සහ ඉන්දියාව අතර ගිවිසුමක් අත්සන් කර තිබෙනවා. ඒ අනුව ඇමරිකාව ඉන්දියාවට පනවා තිබූ සියයට පනහක බද්ද සියයට දහ අටක් […]

උපුටා ගැන්ම  ලංකා ලීඩර් දෙවන ලෝක යුද්දයෙන් පසු අමෙරිකාව ප්‍රමුඛ බටහිර ලිබරල්වාදී සමාජය විසින් ගොඩනැගූ නව ආර්ථික මොඩලය අද වන විට පවත්වාගෙන යා නොහැකි තැනකට පැමිණ ඇති බව ජාත්‍යන්තර දේශපාලන විශ්ලේෂක ආචාර්ය ජගත් චන්ද්‍රවංශ මහතා පවසයි. එම ආර්ථික බිඳ වැටීම මගින් එම ආර්ථික මොඩලය මුල්කරගෙන බිහිවූ අධිරාජ්‍යයද බිඳ වැටෙන බවත් පවසන ඒ මහතා මෙම හැම […]

Kamanthi Wickramasinghe   Courtesy The Daily Mirror There are two groups who’ll get reductions too, first is commercial organisations, but the biggest beneficiary are those households who consume large amounts of electricity (over 180 units per month) who will see close to 50% reduction, with those who consume more, seeing larger reduction. When that happens, they […]

Courtesy The Daily Mirror Colombo, Jan 21 (Daily Mirror) – UNP MP Ravi Karunanayake raised serious concerns in Parliament over what he described as a growing disconnect between Sri Lanka’s record tourist arrivals and the weak flow of foreign exchange into the country’s official financial system. Speaking in Parliament, Karunanayake noted that Sri Lanka recorded […]

Conversations with Alanki

Ada Derana

Courtesy  The Daily Mirror Earnings from Sri Lanka’s tourism industry disappointed in 2025, as revenue failed to correspond with the surge in arrivals, which reached a fresh high during the year.  For instance, the country attracted 258,928 visitors in December – about 10,000 more than a year earlier – bringing total arrivals for the year […]

Courtesy Hiru News The Central Bank of Sri Lanka (CBSL) expects the economy to grow by 4% to 5%, while inflation is projected to gradually rise and reach the target level of 5% by the second half of 2026, Central Bank Governor Dr. Nandalal Weerasinghe said. Addressing the launch of the Central Bank’s Policy Agenda […]

Ada Derana

Courtesy Relifweb COLOMBO, December 22, 2025—Cyclone Ditwah, which struck Sri Lanka in late November, has caused an estimated US$4.1 billion in direct physical damage to buildings and contents, agriculture and critical infrastructure, according to a World Bank Group Global Rapid Post-Disaster Damage Estimation (GRADE) report released today. This damage is equivalent to about 4 percent of Sri […]

Hiru News Cyclone Ditwah caused extensive physical destruction across all 25 districts of Sri Lanka after striking the island in late November 2025. This assessment, conducted by the World Bank using the Global Rapid Post-Disaster Damage Estimation (GRADE) methodology, estimates the direct physical damage at approximately 4% of the country’s GDP. The disaster affected nearly […]

Courtesy Hru News The International Monetary Fund (IMF) has approved an immediate disbursement of approximately USD 206 million under the Rapid Financing Instrument (RFI) to assist Sri Lanka in the wake of the catastrophic Cyclone Ditwah. Speaking shortly after the Executive Board’s decision, IMF Senior Mission Chief for Sri Lanka, Evan Papageorgiou, emphasised that while […]

Courtesy The Daily Mirror Colombo, Dec. 15 (Daily Mirror) – Sri Lanka could face an economic crisis by the Sinhala New Year 2026, fueled by Cyclone Ditwah as it has been predicted by former President Ranil Wickremesinghe, United National Party (UNP) Deputy General Secretary Harin Fernando said today. Sri Lanka is moving towards a forex […]

Courtesy Hiru News COLOMBO, December 15, 2025: The World Bank Group has expressed deep sorrow over the devastation caused by Cyclone Ditwah in Sri Lanka. In response to the Government’s request, the Bank is making up to US$120 million in emergency support available by repurposing funds from ongoing projects. This assistance will help restore essential […]

Courtesy Hiru News The total damage caused by the recent adverse weather in Sri Lanka is estimated to be between US$6 billion and US$7 billion, according to Commissioner General of Essential Services Prabath Chandrakeerthi. Speaking to the media, he said this amount represents between 3% and 5% of the country’s Gross Domestic Product (GDP). An Economist’s estimate In an interview […]

Courtesy The Daily Mirror he International Monetary Fund (IMF) said it expects Sri Lanka’s economic activity to take a hit following the widespread destruction caused by Cyclone Ditwah, noting that the scale of damage will become clearer once authorities complete a rapid post-disaster assessment. IMF’s Director of the Communications Department Julie Kozack said, the Fund […]

Courtesy  The Daily Mirror Sri Lanka’s foreign currency debt repayment per annum from 2028 onwards is estimated at between US$ 3.25 billion to US$ 3.5 billion the most, should the current level of debt remain unchanged. Speaking at a media briefing, the Central Bank said Sri Lanka has to pay only up to US$ 2.75 […]

e-Con e-News blog: eesrilanka.wordpress.com ‘Before you study the economics, study the economists!’ e-Con e-News 16-22 November 2025 The US National Guard, historically used for terrorizing the USA’s allegedly unruly cities, has been called the ‘Ku Klux Klan (KKK) in uniform’. The KKK is the terrorist organization set up by former southern US slaveowners & Northern industrial […]

Courtesy The Daily Mirror By Shannine Daniel Vijay Chauhan Sri Lanka is at an advantageous position to bring in value-addition stages for its exports but to do so, significant focus needs to be given to bring in the necessary policies, infrastructure and administrative measures, said Deloitte India Executive Director Direct Tax Policy Vijay Chauhan.  Chauhan […]