With the current GSP+ regulation set to expire by the end 2023, it is imperative that Sri Lanka takes measures to secure concessionary access to the European market. Securing GSP+ depends on Sri Lanka upholding the already ratified conventions spanning human rights, labour, environment and governance. If Sri Lanka is to lose GSP+, the combined…
Business Sentiment – Index Comes Under Pressure At best, there’s been a lull in the psyche of businesspeople; as a worst case, the time to take stock following the IMF’s US$ 3 billion Extended Fund Facility (EFF) approval on 20 March has resulted in a reality check of what Sri Lanka will have to endure…
By Prof Samitha Hettige Asia’s foremost defense summit is the Shangri la Dialogue held in Singapore. SL’s Galle dialogue is expected to go on same lines. Senior defense officials come there to debate region’s security challenges & take fresh approaches together. A review of the past indicates that some members use it to teach others about…
By Jagathdeva Vidanagama PhD World Environment Day should drive focus on decarbonisation of Sri Lankan industries Sri Lanka’s Energy Savers are industry leaders and energy practitioners who are determined to help the country slash energy waste and greenhouse gas emissions. They explain what they are doing to decarbonize Sri Lankan industries and why the time…
Fitch Ratings – Global trade is now slowing sharply after a rapid post-pandemic recovery in 2021 and 2022, Fitch Ratings says in a new report. Monetary tightening, fading fiscal support and service sector reopening are now weighing on global goods demand, which leapt extraordinarily during the pandemic. World industrial production is also decelerating rapidly. Services trade…
Majority Sri Lankans consider themselves Buddhists. One may say that within that majority only a very small minority are practicing Buddhists. Vanishing greed, hatred & fraternity can be considered the essence of Buddhist way of life. Those who vanish bonds may spiritually experience space travel as gravitational pull due to bonding is reduced. Chinese space…
Sri Lanka’s Export Performance in April 2023 Sri Lanka’s merchandise exports decreased by 16.15 % to US$ 814.1 Million in April 2023 compared to April 2022. Moreover, it is a 0.5 % decrease when compared to April 2021. Declining trend in merchandise exports further continues due to the negative trends shown in major export products….
SL is in an economic crisis. Many say it’s due to the shortsighted financial management since independence. Shortsighted public elected those who promised free delivery resulting in the crisis. The officials also should be held responsible for implementing policies looking only at the pension. The need of the hour is investments from outside. Some think…
By The Joint Apparel Association Forum On March 20th 2023, the International Monetary Fund’s (IMF) Executive Board approved a four-year Extended Fund Facility (EFF) arrangement for Sri Lanka amounting to USD 2.9 billion. This was post the agreements with China and India – Sri Lanka’s biggest lenders for additional financial assistance and the first steps…
Many centuries ago, Chinese people developed a talent to convert Celadon ware into musical instruments. It was basically shaving a Celadon to the thickness where it emits sounds when touched or rubbed. The sounds depended on the curvature of the bowl’s edge and the overall thickness. The Chinese civilization has produced many thousands of eminent…
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