Majority Sri Lankans consider themselves Buddhists. One may say that within that majority only a very small minority are practicing Buddhists. Vanishing greed, hatred & fraternity can be considered the essence of Buddhist way of life. Those who vanish bonds may spiritually experience space travel as gravitational pull due to bonding is reduced. Chinese space…
Sri Lanka’s Export Performance in April 2023 Sri Lanka’s merchandise exports decreased by 16.15 % to US$ 814.1 Million in April 2023 compared to April 2022. Moreover, it is a 0.5 % decrease when compared to April 2021. Declining trend in merchandise exports further continues due to the negative trends shown in major export products….
SL is in an economic crisis. Many say it’s due to the shortsighted financial management since independence. Shortsighted public elected those who promised free delivery resulting in the crisis. The officials also should be held responsible for implementing policies looking only at the pension. The need of the hour is investments from outside. Some think…
By The Joint Apparel Association Forum On March 20th 2023, the International Monetary Fund’s (IMF) Executive Board approved a four-year Extended Fund Facility (EFF) arrangement for Sri Lanka amounting to USD 2.9 billion. This was post the agreements with China and India – Sri Lanka’s biggest lenders for additional financial assistance and the first steps…
Many centuries ago, Chinese people developed a talent to convert Celadon ware into musical instruments. It was basically shaving a Celadon to the thickness where it emits sounds when touched or rubbed. The sounds depended on the curvature of the bowl’s edge and the overall thickness. The Chinese civilization has produced many thousands of eminent…
By Rohan Parikh Sri Lanka needs a social housing plan. Over the years, I have repeatedly emphasized the detrimental impact of the housing shortage and high costs in Sri Lanka, particularly in the Colombo Metropolitan Area, on the country’s economic growth. We have witnessed how housing booms have coincided with and fuelled the economic miracles…
APAC economies’ continued strength will be conducive for the stability of bank credit profiles in the region, Fitch Ratings says in a report that also looks at a variety of other key credit issues, including the regional impact of recent high-profile bank failures outside of APAC. Our outlooks for banks’ Issue Default Ratings, operating environments…
Sri Lanka is a small island with not much resources but an energetic & talented population of approx. 22 million. They include a variety of shapes, colours & sizes. Preventing conflicts among them & preparing them to match global acceptance levels is the challenge. During the pre colonial era the masses weren’t exposed to the…
When the civil war in Sri Lanka ended in 2009, the apparel sector was one of the first industries to enter the Northern Province, hoping to infuse much-needed investment to rebuild the community. Over a decade later, the apparel industry remains the only large manufacturing sector that has ventured north to set up large-scale operations…
Manufacturing high-end leatherwear since 1982; asserts country remains top spot for investors When Sri Lanka opened its Free Trade Zones in Katunayaka, Biyagama and Koggala in the mid ‘70s and ‘80s, the country’s unique geographic location proved to be the biggest advantage to prospective foreign investors who saw immense potential in the tiny island. Being…
Video Story
