The Significance of Repatriation and Conversion of Export Proceeds for External Sector Stability and Overall Financial System Stability

Sri Lanka’s merchandise export sector has shown a notable improvement in 2021 compared to the pandemic-affected 2020. As per the latest Customs data, export earnings have averaged US dollars 985 million during the eight months ending August 2021 compared to a monthly average of US dollars 837 million in 2020, while the average earnings have…

(0)Comments | September 27, 2021 9:50 am

Cybersecurity solutions and tech Sri Lankan CIOs must have right now

By Sunil Sharma Adversaries are getting more impactful and dangerous with each passing day. They learn from each other, exchange tools and knowledge and work like a community to launch sophisticated cyberattacks. Unfortunately, there are now many ways to gain an entry into an organization’s network and adversaries know all of them. If one approach…

(0)Comments | September 23, 2021 11:09 am

Exports exceed a billion US dollars for the 3rd consecutive month

Sri Lanka’s merchandize exports in August 2021 recorded an increase of 14.4 % to US$ 1,083.56 Mn as compared to US$ 947.2 Mn recorded in August 2020 as per the data released by the Sri Lanka Customs. Export Development Board (EDB) Chairman, Suresh de Mel, commended the exporters and said it is remarkable to see…

(0)Comments | September 22, 2021 12:43 pm

Worshiping the moon in Mid-Autumn on September 21st

The Silk Road Journal by Mahika Ming Chinese nationals scattered across the globe celebrated the Mid-Autumn festival on the 21st of September cherishing the memories of loved ones. The celebrating of the Mid-Autumn festival according to Chinese sources dates back about 3000 years to ancient moon worshiping traditions. This intangible cultural heritage was officially listed…

(0)Comments | September 22, 2021 8:55 am

SL Economy grew by 12.3 percent in the 2Q 2021

The Department of Census and Statistics (DCS) Sri Lanka, has released the estimated Gross Domestic Product (GDP) at current price and at constant (2010) price in Production approach and the other macroeconomic indicators for the second quarter (April 1st to June 30th) of year 2021. The performance of the Sri Lankan economy during the second…

(0)Comments | September 16, 2021 10:20 am

Government temporarily takes one step forward after many backward steps on agriculture

By Dr. Hemakumara Nanayakkara Ever since April 2021, Sri Lanka’s agriculture and plantation sectors have been beset by needless difficulties as a result of an announcement, seemingly made on a whim, that Sri Lanka would switch to completely organic agriculture – effective immediately. In doing so, the Government has jarringly halted all progress on efforts…

(0)Comments | September 13, 2021 12:18 am

The Smurfs should do premium banking in Sri Lanka

The Silk Road Journal by Mahika Ming Smurfs are little blue creatures who live in a village made of mushrooms. Papa Smurf control the Smurf society including Brainy Smurf, Smurfette, Handy Smurf & the family. Their enemy is Gargamel, the evil wizard who try to catch the Smurfs with various plans. They first appeared in 1958 (Ref….

(0)Comments | September 8, 2021 9:43 am

The Belt and Road helps Afghan farmers to survive amid chaos

The Silk Road Journal by Mahika Ming As we all know Afghanistan was a peaceful country till late 1970s. It never attracted colonial powers since it didn’t have any valuable resources they can take away to London, Lisbon & Moscow etc. When the USSR decided to access the Indian Ocean as part of the cold…

(0)Comments | September 8, 2021 8:44 am

Business Confidence Rebounds

Sentiment in corporate circles bounces back despite the multitude of challenges In a midyear economic update, ICRA Lanka revised its forecast for Sri Lanka’s economic growth this year, downgrading it from 3.6 percent to 3.4 percent. The rating agency notes that this projection is based on the assumption that there will not be any major…

(0)Comments | September 1, 2021 1:58 pm

Not a few things at first appear difficult – Chinese Proverb

The Silk Road Journal by Mahika Ming Most Sri Lankans are praising Dinesh Priyantha for winning their first ever Paralympics Gold Medal in Tokyo. He set a new world record by throwing the Javelin 67.79m. Samitha Dulan who won the Bronze is also being praised. Dinesh brought honour to the motherland in Rio as well…

(0)Comments | August 31, 2021 8:17 am

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