Analysis

Pandora Papers: A simple guide to the Pandora Papers leak

The Pandora Papers is a leak of almost 12 million documents that reveals hidden wealth, tax avoidance and, in some cases, money laundering by some of the world’s rich and powerful. BBC – More than 600 journalists in 117 countries have been trawling through the files from 14 sources for months, finding stories that are…

(0)Comments | October 4, 2021 12:32 am

Business Sentiment – Confidence at a Four Month High

Sentiment in corporate circles improves despite persistent economic challenges In addition to the resurgence of COVID-19 cases that warranted a nationwide lockdown not long ago, Sri Lanka has continued to face economic challenges, chief among them being the foreign exchange crisis. While the country’s forex reserves increased at the end of August – courtesy the…

(0)Comments | October 1, 2021 1:36 pm

The Shanghai Express and Xuanzang’s Pilgrimage

The Silk Road Journal by Mahika Ming The ancient Silk Road is few thousand years old. The modern Silk Road is the Belt and Road Initiative (BRI). Northwest China was the place where the ancient Silk Road met China. Traders on foot & on Camels travelling to and from China travelled thousands of miles through…

(0)Comments | October 1, 2021 9:17 am

Microsoft and LinkedIn share latest data to improve hybrid working

By Jared Spataro, CVP for Modern Work Satya Nadella and Ryan Roslansky, the CEO of LinkedIn, recently sat down to talk about the key secular trends they’re seeing as people and organizations everywhere adjust to hybrid work. Their conversation is part of an effort between Microsoft and LinkedIn to help leaders and their teams navigate…

(0)Comments | September 27, 2021 9:24 pm

The Significance of Repatriation and Conversion of Export Proceeds for External Sector Stability and Overall Financial System Stability

Sri Lanka’s merchandise export sector has shown a notable improvement in 2021 compared to the pandemic-affected 2020. As per the latest Customs data, export earnings have averaged US dollars 985 million during the eight months ending August 2021 compared to a monthly average of US dollars 837 million in 2020, while the average earnings have…

(0)Comments | September 27, 2021 9:50 am

Cybersecurity solutions and tech Sri Lankan CIOs must have right now

By Sunil Sharma Adversaries are getting more impactful and dangerous with each passing day. They learn from each other, exchange tools and knowledge and work like a community to launch sophisticated cyberattacks. Unfortunately, there are now many ways to gain an entry into an organization’s network and adversaries know all of them. If one approach…

(0)Comments | September 23, 2021 11:09 am

Exports exceed a billion US dollars for the 3rd consecutive month

Sri Lanka’s merchandize exports in August 2021 recorded an increase of 14.4 % to US$ 1,083.56 Mn as compared to US$ 947.2 Mn recorded in August 2020 as per the data released by the Sri Lanka Customs. Export Development Board (EDB) Chairman, Suresh de Mel, commended the exporters and said it is remarkable to see…

(0)Comments | September 22, 2021 12:43 pm

Worshiping the moon in Mid-Autumn on September 21st

The Silk Road Journal by Mahika Ming Chinese nationals scattered across the globe celebrated the Mid-Autumn festival on the 21st of September cherishing the memories of loved ones. The celebrating of the Mid-Autumn festival according to Chinese sources dates back about 3000 years to ancient moon worshiping traditions. This intangible cultural heritage was officially listed…

(0)Comments | September 22, 2021 8:55 am

SL Economy grew by 12.3 percent in the 2Q 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 second quarter (April 1st to June 30th) of year 2021. The performance of the Sri Lankan economy during the second…

(0)Comments | September 16, 2021 10:20 am

Government temporarily takes one step forward after many backward steps on agriculture

By Dr. Hemakumara Nanayakkara Ever since April 2021, Sri Lanka’s agriculture and plantation sectors have been beset by needless difficulties as a result of an announcement, seemingly made on a whim, that Sri Lanka would switch to completely organic agriculture – effective immediately. In doing so, the Government has jarringly halted all progress on efforts…

(0)Comments | September 13, 2021 12:18 am