Introducing Democracy to Hong Kong and Macao

The Silk Road Journal by Mahika Ming Hong Kong (HK) and Macao were two regions located adjoining main land China ruled by Britain and Portugal respectively for nearly half a millennium (500 years). During the colonial occupation democracy wasn’t the system of governance practiced and they have been gradually experiencing the democratic system of governance…

(0)Comments | December 20, 2021 6:43 pm

Black, White and Grey Markets: The Dynamics of Foreign Exchange and Remittances in Sri Lanka

By Bilesha Weeraratne Written Ahead of International Migrants’ Day on December 18, 2021 Despite the pandemic and related difficulties in remitting, remittances to Sri Lanka had picked up by December 2020 to record year-over-year growth of 5.8 %, contrary to all expectations. The reasons for such a quick rebound include catching up on postponed remittances,…

(0)Comments | December 17, 2021 1:08 pm

Sri Lanka’s apparel sector well-positioned to reach $8 Bn. export earnings target by 2025

Industry attempting to attract FDI to Eravur from leading players in fabric – Aroon Hirdaramani Sri Lanka’s apparel industry expressed confidence in reaching its target of $8 billion in export earnings by 2025, by implementing the concerted initiatives put in place by the sector, in collaboration with the authorities. These views were expressed at the…

(0)Comments | December 16, 2021 2:04 pm

Sri Lankan economy contracted by 1.5 percent in the 3rd Quarter of 2021

The Department of Census and Statistics (DCS) Sri Lanka, has released the estimated Gross Domestic Product (GDP) at current price and at constant (2010) price in Production approach and the other macroeconomic indicators for the third quarter (July 1st to September 30th) of year 2021. The third wave of the Covid-19 pandemic, which began in…

(0)Comments | December 16, 2021 11:02 am

To dig a deep well, you begin with a shallow pit! Chinese media continue the long march

The Silk Road Journal by Mahika Ming The Peoples Republic of China (PRC) allocated more than USD 831 billion on education in 2020 which is an increase of more than 5.5% from the allocation in 2019 (more than 4% of national GDP). In the PRC most media organizations are under the purview of the ministry…

(0)Comments | December 13, 2021 5:41 am

Internet use in Sri Lanka has grown due to pandemic, but slower than peers, survey shows

A recent national survey conducted by LIRNEasia, a regional policy think tank, showed that 44% of Sri Lanka’s population aged 15 and above were internet users in 2021. Internet use was lower amongst the rural, elderly, less educated and poorer groups. Those residing in rural areas, for example, were 19% less likely to be online…

(0)Comments | December 9, 2021 1:56 pm

Access to education during the first lockdown was high, but not without problems, survey shows

A new survey shows that 85% of enrolled school-aged children had some form of education services during school closures between March and July 2020. While some received educational services through multiple means, 54% of students received information, instructions, notes, or assignments sent to smartphone, tab, or computer, 50% had live lessons delivered over Zoom and…

(0)Comments | December 8, 2021 5:37 pm

Strengthening the recycling of plastics can help Sri Lanka generate value from waste

By Sarojinie Jayasekara Recently, Sri Lanka’s environmental issues have seen an uptick due to circumstances, at times, beyond our control. Additionally, the irresponsible disposal of polythene and plastics have been an unending issue for the country; data shows that polythene and plastic comprise more than 5.9% of the country’s urban solid waste, which exceeds 400,000…

(0)Comments | December 8, 2021 11:09 am

Stamp Duty Charges Vary Based on How the Property is Acquired in Sri Lanka

Says Saminda Jayasekara, Attorney-at-Law According to the report on Land Tenure Considerations in Sri Lanka’s Proposed National REDD+ Strategy Sri Lanka UN-REDD Programme, 82.25% of the land in the country is owned by the government while only 17.75% is owned privately. As the value of this land appreciates each year, and property is transacted between…

(0)Comments | December 7, 2021 2:34 pm

Highest Food Prices Recorded in November

Advocata’s Bath Curry Indicator (BCI) which tracks the monthly changes in the price of a basket of commonly consumed food items recorded the highest retail prices since 2019. Since 2019, prices have increased by 44%. This means that an average family, who spent  Rs. 960 weekly on the BCI basket of food items in November…

(0)Comments | December 7, 2021 11:24 am

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