manusath-derana

Analysis

Shanghai Cooperation Organisation for our safety

The Beijing Swift – By Prof. Samitha Hettige © The Shanghai Cooperation Organisation (SCO) held its 2020 Foreign Ministers meeting in Moscow recently. It is a Eurasian political, economic, and security alliance and was created at the turn of the century in Shanghai, China at a gathering of the heads of state of the Peoples Republic of China (PRC), Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. Other than the PRC…

(0)Comments | September 14, 2020 12:20 pm

Sanctioning South China Sea

The Beijing Swift – By Prof. Samitha Hettige © China’s ancient maritime Silk Road reached South Asia, Africa and the Middle East through the South China Sea (SCS). The Suez Canal was not in existence in 1403 AD and therefore, the voyages of Chinese Admiral Zhen Ho ended in the Middle East. Since the Emperor…

(0)Comments | September 7, 2020 10:55 am

The Beijing Swift – Expressway to development along the Belt and Road

By Prof. Samitha Hettige © There is discussion on the Millennium Challenges Cooperation (MCC) agreement once again in Sri Lanka. One feature in the MCC is developing transportation facilities to improve connectivity in Sri Lanka. Laos sometimes referred to as the land of million elephants is bordering the Peoples Republic of China. Transport facilities in…

(0)Comments | September 2, 2020 9:47 am

Business Sentiment – Light at the end of the tunnel

Biz confidence rebounds following election and with an eye on the post-COVID era While the plaudits for Sri Lanka’s COVID-19 response continued to flow in and the successful conclusion of a largely peaceful election was duly recognised, the country faced yet another challenge in the form of a nationwide blackout in mid-August. A technical problem…

(0)Comments | August 25, 2020 11:47 am

Beijing Swift – Energizing the path!

By Prof. Samitha Hettige © Everyone in Sri Lanka is discussing about power generation and distribution related issues during the past few days. The Belt and Road Initiative (BRI) or the 21st Century Silk Road has initiated more green energy initiatives with partner countries than any other international development initiative in the world. We should…

(0)Comments | August 24, 2020 4:21 pm

“The Beijing Swift” – By Prof. Samitha Hettige

Expressway to development along the Belt and Road The Belt and Road Initiative (BRI) is the transnational development drive initiated by the Peoples Republic of China. It is also known as the 21st century Silk Road. Ancient Silk Road connected China with the Persian empire and Europe through Central Asia over land. Maritime Silk Road…

(0)Comments | August 17, 2020 1:13 pm

Thumbs up for economy- Business people maintain sense of positive about economy as they open for biz

( LMD) Five years to July 2020 – Positive sentiment in relation to the economy has been maintained from the previous month with 44% (versus 42% in June) of corporate executives consulted in the latest LMD-Nielsen Business Confidence Index (BCI) survey stating that the economy in general ‘will improve’ in the coming 12 months. A…

(0)Comments | July 31, 2020 10:14 am

Business Sentiment – Silver Lining amid the Gloom

Business confidence seems to have regained its footing despite the challenges Sri Lanka’s manufacturing Purchasing Managers’ Index (PMI) improved to 67.3 in June, reflecting a month on month increase of 18 index points with the Central Bank of Sri Lanka attributing this to a “normalising of economic activities in the country following the complete relaxation…

(0)Comments | July 28, 2020 6:15 pm

Emerging signs of a revival – Biz confidence picks up with corporates planning to get back to doing business

Hot on the heels of a scathing review of the country’s monetary policy by President Gotabaya Rajapaksa on 16 June, in response to the COVID-19 crisis, the Central Bank of Sri Lanka announced a further reduction of the Statutory Reserve Ratio (SRR) applicable on all rupee deposit liabilities of licensed commercial banks (LCBs). This lowering…

(0)Comments | June 30, 2020 3:43 pm

Reducing Health Costs and Increasing Government Revenue beyond COVID-19: A Case for Raising Cigarette Taxes in Sri Lanka

By Harini Weerasekera and Chamini Thilanka The susceptibility of smokers to contract COVID-19 has been recognised by the World Health Organisation (WHO) and other medical authorities. In Sri Lanka, concerned parties have called for a temporary ban of cigarette sales as a measure to contain the spread of the virus – a commendable move. However, beyond the pandemic, it…

(0)Comments | June 1, 2020 2:31 pm