By Prof. Samitha Hettige Sri Lanka approaching the IMF and the World Bank and the recommendations which followed indicating SL should work closely with China is being widely discussed at present. Bangladesh which supported SL during the recent months is the latest South Asian nation to approach the IMF for assistance to recover from the…
Perceived Economic Opportunity Index 2022 [PEOI] Q2: April 01 to June 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 second quarter of 2022. This monthly nation-wide tracking study, reported quarterly,…
Washington based International Monetary Fund (IMF) recently stated that Sri Lanka should immediately talk with the Peoples Republic of China to get relief through debt restructuring to come out of the crisis at this very moment. These views came when SL approached the US based lending agency established after WWII to finance countries in need….
Back then, Thailand’s devaluation led to a global market collapse. A sequel might be in the works. Bloomberg – Pakistan is scrambling for a bailout to avert a debt default as its currency plummets. Bangladesh has sought a preemptive loan from the International Monetary Fund. Sri Lanka has defaulted on its sovereign debt and its government has collapsed. Even India…
There’s a glimmer of hope for recuperation as the one of a kind index maintains its traction Time to dig deep for that island sense of joie de vivre and look for those silver linings… And despite the pessimistic economic forecast for the next 12 months, and the less than delightful long and short-term business…
SL is located at the centre of the “Lakidva Sea” which was renamed “Indian Ocean” by the Portuguese who entered in 1505. Shipping history indicates that Prince Vijaya set sail from South India with 700 men on the day the Buddha attained Nirvana. If it was today, Vijaya may sail towards Australia looking for Greener…
Introduction The 5th Generation of mobile networks is on the horizon and promises to deliver a connectivity that will take on a much larger role than previous generation technologies such as 3G and 4G LTE. It is a technology with unique capabilities that will not only interconnect people, but also interconnect and control machines, objects,…
Nearly one in three parents in Sri Lanka have noticed negative changes in their children’s behaviour in the last 6 months as the country headed into economic collapse, according to a Save the Children survey conducted in June 2022. The survey of more than 2,300 families across nine districts in Sri Lanka also found nearly…
By Dr Dushni Weerakoon The bad news on inflation keeps coming. As of June 2022, year-on-year (YOY) inflation nationally is estimated at an all-time high of 59%. Annual inflation is lagging significantly behind at around 21%, indicative of the speed at which price inflation has been spiralling in recent months. This is in sharp contrast…
President Xi Jinping was the first super power leader to congratulate President Ranil on being appointed President. Most Sri Lankans assume that right wing Ranil will not and should not work with eastern friends. Some question how Ranil can work with countries other than western powers. Such persons may study the very moment SL is…
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