Sri Lankans are known for breaking coconuts wishing destruction of opponents or enemies. However, despite an election in the corner, maybe due to increased price, that practice isn’t common. To address the difficulties faced by the consumers due to high prices, the Coconut Cultivation Board has launched mobile sales trucks providing coconuts to consumers at…
The unique index skyrockets to a 42 month high following the presidential poll With a general election on the horizon, Sri Lanka stands at a pivotal point once again, as the country’s future rests in the hands of those who will be elected to govern. Meanwhile, the business community has had its say on the…
Contingent debt instruments used in Zambia, Ukraine, Sri Lanka Instruments will be discussed at IMF World Bank in Washington BIS research shows past instruments have been costly for issuers Reuters – The recent cascade of countries defaulting on their debt has brought back into vogue complex securities – born in the 1980s – that aim…
Mr. Nishantha Hewavithana, Senior Vice President of the Research & Strategy Division at the Colombo Stock Exchange (CSE), provides a brief overview of the evolving landscape of sustainability, its interconnected dimensions, and the pivotal role corporations can play in building a sustainable future. What is Sustainability? Is it achievable? Sustainability, defined by the UN in…
By Chandula Idirisinghe and Nishamini Ihalagedara In 2023, Sri Lanka’s goods and services exports made up nearly 20.4% of GDP, with manufacturing exports contributing 14%. However, the country’s merchandise export mix remains highly concentrated, with 77% of export income coming from industrial goods, mainly apparel, and just 22% from agricultural exports. This lack of sufficient…
By Prof. Samitha Hettige Political ‘Retirement’ & ‘Rest & Recuperation’ are hot topics in the run-up to the 2024 General Election. Retirement is the ‘act of stop working & leaving a job, usually due to old age (Ref. Cambridge). ‘Rest & Recuperation’ (R&R) is a practice where individuals can take regular authorized time off to…
Reuters – The punishing post-COVID wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of painful debt reworks. But the International Monetary Fund and others worry that a dangerous liquidity shortfall could take its place in many emerging economies – setting back development, stunting climate change…
By Himani Vithanage Sri Lanka experienced six consecutive quarters of negative economic growth up to the third quarter of 2023. This downturn has had a direct impact on the labour market, leading to lower wage rates and discouraging workforce participation and skill development. As a result, productivity levels continue to fall, creating a vicious cycle…
By Priyanka Jayawardena The recent VAT revisions have hit the poorest the hardest, whereas the bottom 10% of income group households now spend about 10% of their income on VAT. The VAT burden has risen by approximately 50%, primarily due to the removal of VAT exemptions on around 100 items. This blog offers potential solutions…
Chinese leaders met two weeks back to set the nation’s economic working plan. Chinese plans to boost the economy with stimulus measures (which lifted the stock market to record highs) were announced last week. Below can be lessons for capitalists & socialists; Economy grew by 5% during Q1&2 in 2024 & market institutions predict a…
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