Introduction A super-holding company for managing State-Owned Enterprises (SOEs) has been identified as a globally successful model for SOE management. This model allows the government to adopt a more arms-length approach to SOEs’ operational decision-making, relieving it of the direct responsibility of overseeing all the SOEs dispersed across various industries, and redirect its budget and…
Sri Lanka is suddenly fighting a new war with the index rolling back to wartime When 99 percent of business leaders fear for the investment climate and the national coffers are as empty as a starving person’s belly, and when the very bare necessities of life are not available and people are looking deprivation in…
The foundations of Sri Lanka’s economic revival have to be built on export industries In the last 30 years, Sri Lanka has lived through a debilitating civil war, a tsunami, the Easter Sunday bomb attacks and a two-year long pandemic. As a nation, we have battled through them all, emerging bruised but not broken. We…
One of the most critical implications of Sri Lanka’s current economic crisis is the hard hit on the transport sector. The foreign exchange shortage has made importing fuel a major challenge, severely affecting road transportation and further impeding the performance of an already crippled economy. This Policy Insight gives context to the ongoing transportation issues…
Sri Lanka’s Export Performance in May 2022 Earnings from the merchandise exports increased by 9.9 % y-o-y to US$ 980.2 Mn in May 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in earnings from export of Apparel & Textiles, Coconut based products and Electrical &…
By Prof. Samitha Hettige It is not clear if Angulimala’s family owned a pastry shop or a catering service but it is known that a high level saffron involvement got him pardoned. One may also come up with “right to life” claims related to the Angulimala case but in SL at present food security is…
A new publication from the Institute of Policy Studies of Sri Lanka (IPS) calls for a legally binding master plan for public transportation in Sri Lanka, whereby urban transport will become a fully integrated system instead of a collection of projects. The study notes that despite a broad planning context, the progress made in public…
By Prof. Samitha Hettige A person less than 18 is considered a child (UN convention on the rights of the child). Children of one small pre-school in China donated their day’s pocket money (approx 5 million SL rupees) to help SL children suffering in the crisis. Those Chinese children may be too small to know…
Reuters – R.M.R Lenora stood in a snaking queue outside Sri Lanka’s Immigration and Emigration Department headquarters for two days last week, hoping to get a passport and, with it, a chance to leave a country wilting under an economic crisis. A garment worker, 33-year-old Lenora decided to apply for a job as a maid…
Italian retailer sees strong prospects for the South Asian nation’s apparel industry Despite the economic crisis Sri Lanka finds itself in today, Sandro Veronesi, President of Calzedonia, one of Italy’s leading retail chains, has great faith in the resilience of Sri Lanka’s apparel industry. His company has over 13,000 employees in the island nation and…
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