SL is in an economic crisis due to the mismanaged welfare system. With no focus on state income generation and trade promotion, Sri Lankans opted for free meals, tax cuts and subsidies. It’s simply the public immaturity to understand the theory of how tax money comes back to the people. As technology is easily accessible,…
Advocata Institute’s Bath Curry Indicator (BCI) , which tracks changes in the retail price of food in Colombo that typically goes into a packet of rice, recorded a year on year increase of 53% in October 2022. Compared to June 2022, prices of the BCI basket of food have been declining. The average price of…
By Imesha Dissanayake The COVID-19 pandemic and the subsequent economic crisis revealed vulnerabilities in the Sri Lankan economy and weakened its economic state. Given the severity of the challenges faced, the economy is now at a fragile state with many crises at hand. One such crisis is the electricity crisis where sporadic power cuts even…
By Prof. Samitha Hettige Sri Lankans generally forget but suddenly remembered the long fuel queues which existed few months back in the past few days. Those who drive electric cars couldn’t make new friends at the fuel queues during the shortages. The European Union recently agreed on enacting new laws to systematically reduce and finally…
Perceived Economic Opportunity Index 2022 [PEOI] Q1: July 01 to September 30, 2022 The Foundation of Economic Freedom in Sri Lanka (FEFSL) presents here a summary of perceptions of the people of Sri Lanka about their own and the nations’ future as at the end of the third quarter of 2022. This forward-looking monthly nation-wide…
Verité Research releases the results of the “Mood of the Nation” poll for October 2022 Government approval moves up, but only to an extreme low level of 10% The third round of the Gallup Style “Mood of the Nation” poll was conducted in October by Verité Research. It assessed the approval, satisfaction, and confidence of…
Business Sentiment – The BIZ Barometer Gains Ground The race for survival is on. Daily life has acquired a dystopian air as people from all walks of life countenance the possibility of privations to come – or which have already arrived. The anxiety of whether or not the discussions around debt restructuring will prove fruitful…
By Prof Samitha Hettige The Communist Party approved the report presented by President Xi Jinping at the 20th National Congress last week. It indicates the willingness, vision and the path CPC is planning to raise China to the next level under his leadership. Rise of China in the 21st century is the challenge of the…
Sri Lanka’s Export Performance in September 2022 Earnings from the merchandise exports increased by 5.75 % y-o-y to US$ 1,093.98 Mn in September 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in export earnings from Apparel & Textiles, Tea, Gems & Jewellery, Electrical & Electronic…
By Prof. Samitha Hettige Diwali or the festival of light is seen as celebrating a bumper harvest following the arrival of the monsoon. It is celebrated for few days during the last weeks of October mainly by Hindus, Jains and Sikhs (by illuminating their places of association). Some sociologists interpret the celebrations as “victory of…
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