US President Ronald Regan was considered the most powerful leader by many with the fall of the Soviet Union in the late 1980s. By 2023 a government shutdown in the USA was being discussed & some analysts were talking of a 90% chance. The Congress had to draw a line on midnight 30th September to…
By Indika De Zoysa Social media platforms have become the epicentre of our collective digital discourse in an age defined by the relentless pace of technological advancement. These platforms have revolutionised how we communicate and emerged as influential players in the realm of politics, particularly during elections. I have observed with keen interest the profound…
Perceived Economic Opportunity Index [PEOI] 2023 Q2: April 01 to June 30, 2023 We said at the end of the first quarter of 2023 that a distant glimmer of hope had appeared. It continues to shine at the end of the second quarter of 2023 but is flickering. The Foundation of Economic Freedom in…
There’s been a welcome uptick in business sentiment amid multiple sensitivities The ongoing evaluation – the first such review by the IMF – of the four year Extended Fund Facility (EFF) programme, the new Inland Revenue (Amendment) Bill, continuing disinflation, the domestic debt optimisation (DDO) framework, and the fluctuating price of fuel are having whirlwind…
“Companero” means a mixture of companion & comrade in Spanish. The Chinese civilization is more than 7400 years & the Peoples Republic of China (PRC) established on October 1st 1949 shall celebrate 74th on October 1st 2023. On every occasion China honoured the other’s sect. With that China increased its own sect & the benefits…
Sri Lanka’s Export Performance in August 2023 Sri Lanka’s merchandise exports increased by 6.98 % to US$ 1,091.6 Million in August 2023 compared to July 2023 as per the provisional data released by the Sri Lanka Customs. However, it is a 10.91 % decrease when compared to the value recorded in August 2022. The decline…
Western traders sailed searching for basic commodities when China reduced exports including “tea” through the ancient Silk Road. They ended up conquering lands & cultivating commercial crops as it gave high profits with low investments. That was the beginning of western colonization which is still contributing to keep the European markets stable. However, unlike investors…
The DCTS mirrors rules of origin restrictions that existed under the EU GSP + concessions The scheme offers extended cumulation which is an opportunity for Sri Lanka to increase utilisation of the scheme and help boost exports to the UK Exceptional circumstances need extraordinary solutions that help navigate unprecedented challenges. The macroeconomic crisis that Sri…
Issuing a communiqué, on releasing National Accounts Estimates, the DCS states that the year on year GDP growth rate for the second quarter of 2023 has been estimated as 3.1 percent of negative growth rate, against the value reported in the same quarter in the year 2022. Further, the Gross Domestic Product for Sri Lanka for the…
Analysis reveals policy choices in many developing countries are severely limited, widening the gap between ambition and progress on the Sustainable Development Goals (SDGs), but also identifies innovative strategies to accelerate development The United Nations Development Programme (UNDP) released new research today that shows securing the wellbeing of people and planet too often hangs in…
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