Author Archive for Economy

යහපාලනය, සංවර්ධනය හා ජනතාව

Sunday, July 31st, 2016

ආචාර්ය චන්දන ජයලත් යහපාලන මූලධර්ම මත ඉදිකිරීම් නියාමනය යන මැයෙන්් ඉංග‍්‍රීසියෙන් රචිත පොතක් ලඟදීම එළිදැක්වීමට නියමිත ඇති අතර එහි කතුවරයා වන මා සමග පොත නිකුත්වීමටත් පෙර හුදෙක් පොතට දී ඇති මාතෘකාව පමණක්ම පදනම් කොට ගෙන යම් යම් මත පළකිරීමටත් සමහරු නලියන්නටත් පටන් ගෙන ඇත. එය අස්වාභාවික දෙයක් නොවන බව මම දනිමි. ප‍්‍රශ්ණයට සාධාරණයක් කිරීම් වස් […]

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China To Sri Lanka: We Want Our Money Not Your Empty Airport

Sunday, July 31st, 2016

Courtesy Forbes Sri Lanka has a debt problem. After more than a decade of taking out huge loans to build large-scale infrastructure — most of which hasn’t yet produced adequate returns — the country is now struggling to make payments, and is looking for another way out. A potential exit strategy was to offer China […]

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Sri Lanka’s pact with IMF faces flak

Thursday, July 28th, 2016

T. RAMAKRISHNAN Courtesy Hindu ‘Alliance for Economic Democracy’ says despite the “dangers inherent” in the agreement, there has been no critical public scrutiny. A recently-formed coalition of trade unions, student unions, progressive intellectuals, social organisations and activists has criticised the Sri Lanka government for its agreement with the International Monetary Fund (IMF). The coalition, Alliance for Economic Democracy, has said the IMF’s Extended […]

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වැට්‌ බදු ආදායමට සමාන මුදලක්‌ සමාගම් කිහිපයක්‌ අතට!

Thursday, July 28th, 2016

වෛද්‍ය කේ.එම්. වසන්ත බණ්‌ඩාර උපුටා ගැන්ම දිවයින එක්‌සත් ජාතික පක්‍ෂයට වැඩි බලයක්‌ සහිත පිටකොටුව වෙළෙඳ ප්‍රජාව ඉතිහාසයේ ප්‍රථම වතාවට එම පක්‍ෂයේ ආණ්‌ඩුවකට විරුද්ධව වීදි බැසීම විශේෂත්වයකි. ඔවුන් තම වෙළඳසල් වසා දමා වැට්‌ බදු විරෝධී පෙළපාලියට එක්‌වීම වැළැක්‌වීම සඳහා ආණ්‌ඩුවේ මැති ඇමතිවරුන් කිහිප දෙනකු Rජුව මැදිහත් වුවත් වෙළෙන්දෝ ඊට අවනත නොවූහ. වැට්‌ බදු ගහන්නේ වෙළෙඳුන්ට එරෙහිව නොව […]

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Wang Yi’s visit boosts China-Sri Lanka ties, sparks concern in India

Tuesday, July 26th, 2016

ByMunza Mushtaq  Courtesy DAILY TIMES China, Sri Lanka’s biggest donor of foreign aid this year, has assured its ‘fullest cooperation’ to develop the South Asian island nation amidst increasing concern by India. During a recent meeting with Sri Lankan President Maithripala Sirisena, China’s Foreign Minister Wang Yi pledged his government’s continued assistance to help develop the […]

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Base in the centre of the Shipping lanes

Friday, July 22nd, 2016

By Ashley de Vos. Courtesy The Island Henry Kissinger once said: “Globalisation is the Americanisation of the world”and one assumes that most humans have been consumed by the mad rush to join the lifestyle band wagon to keep up with ‘the Joneses’ and get further into debt. It is unforgivable that cultures that have withstood the […]

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The indecisive tale of VAT

Thursday, July 21st, 2016

By Shamila Naleer Courtesy  Adaderana July 20, 2016  04:30 pm            Since the formation of the new government, the debate regarding Value Added Tax (VAT) has caused a few tribulations along the way. The planned hike on the tax rate appeared to be unwelcome and has resulted in many protests and arguments. What […]

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An open letter to Central Bank Governor Dr. Indrajith Coomaraswamy:Regulatory Oversight Accountability over Government Bond Issues and Related Secondary Market Transactions

Thursday, July 21st, 2016

Chandra Jayaratne Courtesy The Island July 20, 2016, 12:00 pm You would no doubt agree, that effective and professional best practices embedded regulatory oversight over Government bond issues and related secondary market transactions, ensuring that engaged intermediaries duly discharge their professional commitments in line with best market practices, are an essential imperative of a well governed […]

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මුහුදේ මාළු ඇඟේ නැටීම (උතුරු මුහුදු සීමාව කොල්ලකන ඉන්දීය ධීවරයන්)

Tuesday, July 19th, 2016

කතුවැකිය උපුටා ගැන්ම දිවයින ව්‍යාපාරිකයන්ට කරදරය, වී ගොවියාට – එළවළු වෙළෙන්දාට කරදරය, ධීවරයාට කරදරය. ඒ සියලු දෙනාටම අර්බුද මතුවන විට රටේ ජනතාවට කරදරය. ඒවාට විසඳුම් ලබාදිය යුතු ජනතාව විසින්ම පත්කරනු ලැබූ ජනතා නියෝජිතයාට කිසිදු කරදරයක්‌ නැත. මේ ප්‍රශ්න ගැන වගේ වගක්‌ නැත. අර්බුදයක්‌ පැන නැගුණු විට යන්තම් එතැනට කරපොවා මුහුණත් තහඩුව පත්තරවල, රූපවාහිනී නාලිකාවල ප්‍රචාරය […]

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Pathfinder Foundation and Shanghai Institutes for International Studies Second Symposium

Sunday, July 17th, 2016

Pathfinder Foundation  PRESS RELEASE  Pathfinder Foundation & Shanghai Institutes for International Studies Hold Second Symposium Focus: Maritime Silk Road & China-Sri Lanka Relations & Shot in the arm for Chinese foreign investment The Second Symposium on the Maritime Silk Road and China-Sri Lanka Relations was held in Shanghai, China from 11th-13 July. The Chinese Embassy […]

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Damage caused by Ranil Wickramasinghe, CBK, Maithripala trio to Sri Lanka

Friday, July 15th, 2016

by “Concerned Sri Lankan”. Ranil is acting as an agent of other countries in Sri Lanka even though he is the Prime Minister in Sri Lanka. I think he realized a long time ago that in order to come to power he needed some backing. There is a good article on Ranil W’s psychological make […]

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The Long Walk from John Exter to Coomaraswamy

Friday, July 15th, 2016

 K.K.S.Perera Courtesy The Daily Mirror Commaraswamy made the above observation in the midst of rumours circulating on setting up an authority, based on a proposal by PM, encompassing all financial and economic institutions, including CB under one umbrella organization which would be headed by ….? Arjuna seems brimming with confidence of the outcome of COPE investigations […]

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විදුලිබල හා බලශක්ති අමත්‍යාංශයත් ගල් අගුරු වංචා අතීසාරයට ත්‍රිපුද්ගල කමිටු ‘අමුඩය ගසයි‘

Wednesday, July 13th, 2016

දුෂණ විරෝධී පෙරමුණ ගල් අගුරු මිලදී ගැනීමේ දී වංචාවක් සිදුවී ඇති බවට ශ්‍රී ලංකාවේ ශ්‍රේෂ්ඨාධිකාරණය සහ විගණකාධිපති දෙපාර්තමේන්තුව එකිනෙකට වෙනස් අවස්ථා දෙකක දී පෙන්වා දී ඇති අවස්ථාවක විදුලිබල හා බලශක්ති අමාත්‍යාංශය එමගින් රටට පාඩුවක් සිදුව ඇතිදැයි සොයා බැලිම සදහා ‘ත්‍රීපුද්ගල කමිටුවක් පත් කළ බවට නිවේදනයක් නිකුත් කොට ඇත. මාස හතරක් පුරා විගණන විමසුමට පිළිතුරක් ලියා […]

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Govt. should reimburse money if VAT remains at 11% – GL

Wednesday, July 13th, 2016

Adaderana If the Value Added Tax (VAT) remains at 11%, the public should be reimbursed for the additional amount they actually spent on the tax since May 2, said former Minister G.L. Peiris. The observation was made while speaking at a press conference held in Colombo today (12). If the VAT remains at 11 %, […]

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නව වැට් බදු සංශෝධනය සහ ජනතා විරෝධය

Tuesday, July 12th, 2016

සුරෝෂන ඉරංග උපුටාගැණීම අදදෙරණ මෙවර කම්කරු දිනයේ උණුසුම පහව යාමටත් පෙරම කම්කරු ජනයාගේ සිට විවිධ ආදායම් මට්ටම්වල පසුවන පොදු ජනතාවගේ ජන ජීවිත කෙරෙහි සෘජු ලෙසම බලපාන වැට් බදු සංශෝධනයක් ආණ්ඩුව විසින් ක‍්‍රියාත්මක කර තිබේ. එය කම්කරු දිනය දා වැටුප් වැඩි කරන ලෙස ඉල්ලමින් සහ ජිවන මිල පහත හෙළන ලෙස හඬ නැගූ ජනතාව වෙත එල්ල කරන ලද […]

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Sri Lanka’s extended fund facility with IMF: It’s mostly fiscal

Monday, July 11th, 2016

By Dushni Weerakoon July 10, 2016, 9:32 pm The often repeated pun on the IMF’s acronym satirically suggests that it prescribes a tighter fiscal policy, whatever an economy’s problem might be. Indeed, lower budget deficits and higher government revenues are central to Sri Lanka’s latest US$ 1.5 billion loan from the IMF. But, the economy’s […]

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Central Bank’s strategy to beat post-Brexit blues- Negotiations for enhanced trade, investments

Monday, July 11th, 2016

By Chandani Jayatilleke Courtesy The Sunday Observer Deputy Governor Dr. Nandalal Weerasinghe PICTURE: SHAN RUPPASARA Brexit has already had some negative impact on the global financial markets and the global economy. But its full impact is yet to be felt with the policy changes and geopolitical decisions to be taken by the European Union and the […]

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Blame for current economic crisis

Monday, July 11th, 2016

Observer Courtesy The Island July 11, 2016, 8:06 pm Newspapers report “PM flays Rajapaksas for leaving country bankrupt” and PM says “we took over a nation with a pillaged economy in its wake”. If the Yahapalanaya Government was so convinced, common sense surely required it when taking office to call for a period of austerity and […]

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Interim order by SC suspends VAT increase-SC, “Order will not impact Govt.’s revenue collection” – PM , “VAT to remain at 11% until legislation passes” – Ravi –

Monday, July 11th, 2016

Adaderana July 11, 2016  02:11 pm The Supreme Court on Monday (11) issued an interim order to suspend the Value Added Tax (VAT) increase. The Supreme Court issued the order after considering a petition filed seeking an order to revoke the decision to increase VAT. The petition was filed by an attorney representing three persons including […]

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Governor of the Central Bank – Why the Crisis?

Sunday, July 10th, 2016

Mano Alles Retired Banker Courtesy The Island The dignity and the position of a Governor of a Central Bank has been brought to its lowest level as the Legislators have been embroiled in arguments on certain ethical issues relating to the previous holder of the position of the Governor of the Central Bank. Some political parties and […]

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Bond Scam Profits went to UNP Coffers – Professor Rajiva Wijesinha on TV1 News line 05/07/2016

Sunday, July 10th, 2016

News Line TV1 05th July 2016

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Central Bank Officials Tell COPE: “Arjuna Mahendran Broke All Laws”

Sunday, July 10th, 2016

Courtesy Colombo Telegraph, Top officials of the Central Bank accused ex-Governor Arjuna Mahendran of giving scant regard to any regulation at the bank, breaking all laws, during his tenure as Governor. Mahendran During an inquiry conducted by COPE on Thursday, even Deputy Governor P. Samarasiri, who sided with Mahendran while he was in office, had claimed […]

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Do you know this?

Saturday, July 9th, 2016

Chandra Jayaratne Courtesy The Daily Mirror The former Chairman of the Ceylon Chamber of Commerce and civil rights activist Chandra Jayaratne has written to the Chairman of the Committee on Public Enterprises (COPE) Sunil Handunnetti, drawing his attention to the General Principles of Accountability of an Oversight Committee of Parliament and issues related to the infamous […]

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Inside story about Indrajit Coomaraswamy becoming Central bank Governor

Saturday, July 9th, 2016

By D. B. S. Jeyaraj Courtesy The Daily Mirror All changed, changed utterly” – The memorable lines from Irish poet Yeats came true on the morning of July 2, 2016 for Dr. Indrajit Coomaraswamy after he received a telephone call at 6. 30 am. The early caller was none other than Malik Samarawickrama, the Minister of Development […]

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New Central Bank Governor to outlast UNP regime

Saturday, July 9th, 2016

ECONOMYNEXT -Courtesy The Island July 9, 2016, 7:42 pm Sri Lanka’s new Central Bank Governor Indrajit Coomaraswamy made clear at his first press conference Tuesday that he will not be a pushover nor an interim appointee for one year as suggested by a government minister. The 66-year-old economist, who was given the job by President Maithripala Sirisena, […]

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Gammanpila questions new CB Governor’s integrity

Tuesday, July 5th, 2016

The Courtesy Daily Mirror Pivithuru Hela Urumaya (PHU) General Secretary Udaya Gammanpila today said they had no doubt about new Central Bank Governor Dr. Indrajit Coomaraswamy’s capabilities since he was an experienced and a qualified person, but they had questions about his integrity. He was charged in an insider trading case. Founder of the Galleon […]

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Central Bank time bomb to explode

Saturday, July 2nd, 2016

Courtesy Ceylon Today When Sir John Kotelawala was the Prime Minister of Sri Lanka, he arranged a banquet for the British Bank Governor at the Temple Trees for which the Central Bank Governor at that time N.U. Jayawardena was also invited. While the dinner was in progress, Sir John suddenly flew into a rage at […]

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රනිල්,අර්ජුන් ගහපු ගැහිල්ල ගැන විගණකාඩිපති කල අනාවරණය

Friday, July 1st, 2016

Hot News රට තුළ ඉමහත් ආන්දෝලනයට තුඩුදී ඇති ශ්‍රී ලංකා මහ බැංකුවේ භාණ්‌ඩාගාර බැඳුම්කර නිකුතුව නිසා මේ වන විට රට තුළ ඉමහත් ආන්දෝලනාත්මක තත්වයක් සෑම ක්ෂේත්‍රයක් පාසාම උද්ගත වි ඇත. මෙම භාණ්‌ඩාගාර බැඳුම්කර නිකුතුවේ සිදු වුනා යයි කියන දූෂිත ගණුදෙනුව සම්බන්ධයෙන් විගණකාධිපති විසින් පාර්ලිමේන්තුවේ පොදු ව්යාපාර කාරක සභාව වෙත ඊයේ විශේෂ විගණන වාර්තාවක්ද ඉදිරිපත් කරනු […]

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Antho jata bahi jata

Thursday, June 30th, 2016

Editorial Courtesy The Island June 30, 2016, 9:08 pm Last year’s regime change was expected to bring about a radical change in Sri Lanka politics. In fact, the self-appointed champions of good governance or yahapalanaya made a solemn pledge before the last presidential election not only to fight bribery and corruption which had eaten into the […]

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Mahendran issue: A challenge to show integrity

Thursday, June 30th, 2016

By The Nation  Cricket matches sometimes end in thrilling finishes. At other times, they end in a tie, such as last Tuesday’s one day international with England, leaving both sides with some degree of satisfaction but deprived of victory. The recent controversy over Central Bank Governor Arjuna Mahendran is somewhat similar. Mahendran completes his current […]

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