Courtesy The Star on line PETALING JAYA: Sri Lanka is at risk of an exchange rate crisis mainly due to its still-weak fiscal finances and a fragile external position. Sri Lanka charted the highest Damocles score of 175, among 30 emerging market (EM) economies. The Damocles index by Nomura summarises macroeconomic and financial variables into […]

New Delhi: Seven countries, including Sri Lanka, Pakistan and Turkey, are at risk of an exchange rate crisis as investors reassess their investments following the contagion in Argentina and Turkey, a new index by Nomura says. According to the global financial services major, emerging markets are under pressure as investors reassess the risks amid monetary policy […]

Courtesy The Island Neither the Sri Lankan government nor the International Monetary Fund (IMF) had conducted an ex ante human rights impact assessment of the economic reforms implemented or announced, United Nations Independent Expert on the effects of foreign debt and other related international financial obligations of States on the full enjoyment of all human […]

Sheain Fernandopulle Courtesy The Daily Mirror The Government had to increase the prices of fuel due to its poor economic management, MP Bandula Gunawardana said today. Addressing a news briefing, he said the incumbent Government did not have a long term economic policy in place. There is a prevailing economic crisis caused due to the rupee […]

By Ajith Nivard Cabraal, Former Governor, Central Bank of Sri Lanka September 9, 2018, 9:42 pm Governor of the Central Bank Dr. Indrajith Coomaraswamy has, recently, stated that the Central Bank is to soon raise USD 250 million through the issuance of Panda Bonds. Such funds would be in addition to the Syndicated Loan of […]

උපුටාගැණීම  මව්බිම 2005 ආරම්භ වන විට ඇමෙරිකානු ඩොලරයක් සඳහා ගෙවූ මිල රුපියල් 105කි. 2005 – 2014 කාලය තුළ ලෝක ඛනිජ තෙල් අර්බුදය, ලෝක ආහාර අර්බුදය, ලෝක මූල්‍ය අර්බුදය සහ එල්.ටී.ටී.ඊ.යේ දරුණු යුද්ධය වැනි දැවැන්ත අභියෝග රාශියකට මුහුණ දෙමින් වුවද 2014 වන විට ඩොලරයට ගෙවූ මුදල රුපියල් 131කි. ඒ අනුව 2005-2014 දස වසර තුළ ඩොලරයට ගෙවූ […]

මොනරාගල – සංජීව බණ්ඩාර උපුටාගැණීම  මව්බිම ආණ්ඩුවට අවශ්‍ය පරිදි ව්‍යවස්ථාව වෙනස් කිරීමට පාර්ලිමේන්තුවේදී ඉඩ නොතබන බවත් පොදුජන පෙරමුණ ආණ්ඩුවක් යටතේ රටේ ජනතාව මත පටවා ඇති බදු බර ඉවත් කිරීමට වහා කටයුතු කරන බවත් කුරුණෑගල දිස්ත්‍රික් පාර්ලිමේන්තු මන්ත්‍රි මහින්ද රාජපක්ෂ පවසයි. ජනතා විමුක්ති පෙරමුණ දැනට ඉන්න ස්ථාවරය වෙනස් කොට ඔවුන් නියෝජනය කරන පන්තියේ ජනතාව පිළිබඳව සිතා තීරණයක් […]

By Jamila Najmuddin Source: Xinhua COLOMBO, Sept. 1 (Xinhua) — Inclusive infrastructure and social projects in Sri Lanka will help boost the island country’s economic growth, while active participation in regional cooperation and integration (RCI) will enhance connectivity, trade and investment with other countries in the region and beyond, Wencai Zhang, vice president of the […]

Courtesy NewsIn.Asia Beijing, Aug 23 – Sri Lankan Ambassador to China Karunasena Kodituwakku on Wednesday strongly pushed back recent media reports criticizing Chinese investments in his country, saying that Sri Lanka was not forced to accept investments and loans from China and wants to continue cooperation with China under the Belt and Road (B&R) initiative. […]

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. […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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. […]

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 […]

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 […]

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 […]

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 […]

Economist Richard Wolff discusses the coming economic collapse of the United States of America. https://youtu.be/0i1T72jfoWA

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 […]

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 […]

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 […]

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 […]

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 […]

 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 […]

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 […]

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 […]