Analysis

Lessons from Chanakya – By Prof. Samitha Hettige

SL is in a serious economic crisis & it’s a rare opportunity. Typical Sri Lankans may think that the leadership and the population should be always divided. May be it is a result of downloading the West Minister system from above. Most thriving civilisations which didn’t limit its mindset to above including Indian and Chinese…

(0)Comments | December 6, 2022 11:07 am

Remembering President Jiang Zemin – By Prof. Samitha Hettige

Former President of the Peoples Republic of China (PRC) Jiang Zemin passed away on 30th November 2022 at the age of 97. He was in office from 1989 till 2002. President Jiang was once the Mayor of Shanghai. It is the international centre of China since the colonial days. When China planned to open its…

(0)Comments | December 1, 2022 3:05 pm

CCC Proposals on State Owned Enterprise Reform

The presence of SOEs in strategic sectors of Sri Lanka is proof of the significant value creation it can generate through spillover effects. The societal returns too are greater as it links to our day-to-day activities such as the water we drink, the electricity we use, or even the bus or train we ride. Therefore,…

(0)Comments | December 1, 2022 10:28 am

A rise once more in the exclusive business barometer raises hope of better times

Business Sentiment – A Less Mercurial Barometer The implications of Budget 2023 – and a reassessment of cash flows, assets and liabilities – will occupy the minds of corporates as the new tax rates and policies kick in. But there’s been a sense of optimism in recent times even as people acknowledge and realise that…

(0)Comments | November 30, 2022 4:28 pm

Sri Lanka’s debt to China close to 20% of public external debt – study

LONDON/JOHANNESBURG, Nov 30 (Reuters) – Sri Lanka owed Chinese lenders $7.4 billion – nearly a fifth of its public external debt – by the end of last year, calculations by the China Africa Research Initiative (CARI) published on Wednesday showed, an estimate higher than many others. The figure was above the “often-quoted 10 to 15…

(0)Comments | November 30, 2022 4:26 pm

APAC Banks Broadly Steady Despite Economic Headwinds in 2023

Fitch Ratings’ banking sector outlooks for emerging markets (EMs) and developed markets (DMs) in the Asia-Pacific (APAC) are neutral, despite economic headwinds stemming from the weakening of demand in key global export markets, high inflation and the lagged effect of higher interest rates in most APAC economies. We expect most APAC EM banking systems to…

(0)Comments | November 25, 2022 11:29 am

Maintaining Investment Confidence in a Time of Economic and Social Challenges – Some Past Lessons from the Telco Industry

By J.D.K.Ruwandika The 7th Interdisciplinary Conference of Management Researches (ICMR 2022), organized by the Faculty of Management Studies (FMS), Sabaragamuwa University of Sri Lanka (SUSL), was ceremoniously concluded on 16th & 17th November 2022. Mr. Seneviratne, the Group Chief Executive of Sri Lanka Telecom PLC, was one of the invited eminent keynote speakers of the…

(0)Comments | November 24, 2022 12:21 pm

The race to recover with FDIs – By Prof. Samitha Hettige

The FDI Colombo Port City (CPC) came to SL in 2014 as part of the BRI of the Peoples Republic of China (PRC). The BRI has so far invested more than 150 billion USD in the 150 plus BRI partner countries and organizations. As SL is in a crisis the CPC should be completed in…

(0)Comments | November 21, 2022 1:36 pm

It isn’t Ranil’s budget, people should work towards 2048 – By Prof. Samitha Hettige

SL is in an economic crisis due to the mismanaged welfare system. With no focus on state income generation and trade promotion, Sri Lankans opted for free meals, tax cuts and subsidies. It’s simply the public immaturity to understand the theory of how tax money comes back to the people. As technology is easily accessible,…

(0)Comments | November 14, 2022 12:32 pm

Bath Curry Indicator trending down

Advocata Institute’s Bath Curry Indicator (BCI) , which tracks changes in the retail price of food in Colombo that typically goes into a packet of rice, recorded a year on year increase of 53% in October 2022. Compared to June 2022, prices of the BCI basket of food have been declining. The average price of…

(0)Comments | November 10, 2022 3:43 pm