The index skyrockets for a third consecutive month following the election season The election of a new government has ignited a surge of optimism and speculation about the country’s economic future. Against a backdrop of prolonged economic turbulence, the government’s pledge of change has struck a chord with a business community that’s eager for both…
By Jithendra Antonio Sri Lanka’s economy feels like it’s stuck in a time loop. For decades, the same cycle has repeated—export raw materials, import finished goods, rely on tourism, and hope domestic spending plugs the gaps. But here’s the hard truth: this model is running on fumes. With $8 billion trade deficits, soaring inflation, and…
China last week delivered ‘Tan Suo San Hao’ (Exploration No. 3) in Guangdong Province. It is China’s first comprehensive scientific research ship specially made for global deep sea exploration with manned deep diving capabilities. The 104 meter long ship has a displacement of around 10,000 tonnes & an endurance of 15,000 nautical miles. Manned by…
By Jithendra Antonio Navigating a New Era in Global Trade Sri Lanka, an island that has stood as a strategic maritime crossroads for millennia, now finds itself at the cusp of a once-in-a-lifetime opportunity, the chance to once again redefine its role in global commerce. With its perfect position at the heart of international sea…
In the aftermath of President AKDs visit many are talking about the Indo – Lanka joint statement to foster partnerships for a shared future (Ref. Media). Among the key points customized training & greater connectivity for bilateral growth are mentioned. Accordingly among other points, 1500 Sri Lankan civil servants shall be trained through National Centre…
India’s economic growth continues to be remarkable. From a humble 3.5% GDP growth in 1990, India has emerged as the world’s 5th largest economy, with a growth rate of 7% in 2024. Reforms, liberalization, and digitalization have fueled this rapid expansion. Policy paradigm has created enabling environment which continues to propel the economic growth. Neighbouring…
The new members of the Colombo Port City (CPC) Commission were recently appointed. How can the CPC be used more to stabilize the economy? Some wanted it converted into a botanical garden while others proposed health tourism, F1 racing & casinos etc. Macau Special Administrative Region (SAR) in China (which is mostly reclaimed land) is…
By Jithendra Antonio In a rapidly evolving landscape marked by relentless technological advancement, the education system of Sri Lanka faces a pivotal moment of transformation. The traditional academic model, long established as the cornerstone of the country’s education framework, is struggling to keep pace with the dynamic needs of modern society. But the way forward…
By the Chairman of the Planters’ Association of Ceylon, Mr. Sunil Poholiyadde For 170 years, Sri Lanka’s plantation industry has stood the test of time. Despite continuous upheavals, it has managed to adapt and endure. Over this period, the ownership structure of the industry underwent significant changes—from 124 years of British colonial ownership to the…
The ‘Atharva-vedha’ describes rice as ‘immortal sons of heaven’ & Indian literature sometimes refers to god of rice as ‘Anna-devatha’. The Chinese civilization which has many rice related achievements dating back approx. 11,000 years recently recorded another. In 2020 China exposed rice seeds to the lunar atmosphere & in 2022 Chinese scientists sent rice seeds…
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