The Value Added Tax (VAT) imposed to prevent social conflicts in the long run is creating conflicts at the lower levels of the society. Attempts to block the increasing of state revenue (especially in a welfare state) may indicate many intentions. While the silent majority is struggling to adjust for a ‘Collective Sacrifice’ few seems…
Fitch Ratings: Economic growth in APAC will generally remain strong in 2024, especially in emerging markets (EMs), supporting sector outlooks across the region, says Fitch Ratings. We expect real GDP to expand by, or above, 5% in India, Indonesia, the Philippines and Vietnam. However, headwinds from slower Chinese growth, weak global demand and higher interest…
The Financial Stability Review (FSR) of 2023 encapsulates the developments in the financial system, the risks and vulnerabilities identified thereof, and the policy measures taken by the Central Bank and other regulatory institutions in addressing such risks during the review period, which primarily covers data up to end September 2023. The electronic version of the…
By Prof. Samitha Hettige In 2023 the Earth community celebrated the 23rd anniversary of human presence in Space Stations. Space explorations started in the 1960s with goals of resolving human conflicts connected with settlements etc. USA & USSR were the front runners & Russia, Japan, China & India etc. contributed later. By now some have…
Fitch Ratings: The 2024 global credit outlook is driven by four key themes, Fitch Ratings says in a new report. The first is a continued feedthrough of sustained higher interest rates on demand, liquidity, funding and asset quality. Second, an expected sharp slowdown of the US economy. Third is global asset-quality deterioration. Finally, heightened financial…
By Rasith Wickremasinghe COYLE Chairman් The Sri Lankan economy currently grapples with the significant challenges presented by a complex financial situation unfolding in unprecedented ways. As the country tackles the intricacies of this economic turmoil to overcome fiscal obstacles, there is a prevailing sense of concern among the populace. Against this backdrop, the nation contends…
India & SL share deep Buddhist roots. Emperor Ashoka with an eye for the future secured stability in the region by internationalizing the Buddhist civilization. Those who analyze India, China & SL conflicts will have to consider scientific developments & climate change challenges in addition to social & cultural issues in future. Below are two…
Aims at strengthening economic development Research Intelligence Unit (RIUNIT) continues its groundbreaking efforts in shedding light on critical policy matters concerning Sri Lanka’s economic landscape. Their latest series of reports highlights the significance of illicit markets that operate within and beyond the island’s borders. Focused on combating illicit markets and their impact on the nation’s…
By Dr Lakmini Fernando Realising Sustainable Development Goals (SDGs) by 2030 requires substantial investment allocation, especially for developing economies like Sri Lanka. A recent IPS study found that Sri Lanka needs an additional investment of USD 1.4 trillion or 12.5 percentage points of GDP by 2030 to achieve SDGs. Despite Budget 2024 allocating 5.4% of…
China’s first internally developed large cruise ship ‘Adora Magic City’ is ready to sail (323.6 M in length, 72.2 M in height, gross weight 135,500 tonnes, capacity to accommodate approx. 5250 passengers in 2125 guest rooms).The ship will operate from Shanghai managed by an international crew of approx. 1300. It is expected to take routes…
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