By Faris Hadad-Zervos World Bank Country Director for Maldives, Nepal and Sri Lanka Sri Lanka was on its way to eliminating extreme poverty until the COVID-19 pandemic and the recent economic crisis threw the country into disarray. Between 2006 and 2016, extreme poverty—measured by the number of people living on less than $ 2.15 a…
The deepening economic crisis is forcing people to make heartbreaking choices between going hungry, buying life-saving medicine, or finding the money to send children to school. A needs assessment by the International Red Cross and Red Crescent Societies reports of more than 2,900 households in 11 of the country’s 25 districts has found that 96%…
By Prof. Samitha Hettige The Sri Lanka Army celebrated its 73rd anniversary on 10th October. Throughout the years the SLA as an organization has acted for the good of the country. Fidel Castro of Cuba blamed the one who fires the first shot for the destruction caused in a conflict. SL security analysts since 1948…
“JAAF fully supports mechanisms and processes to improve the tax administration and collection and broadening of the tax base.” Yohan Lawrence, Secretary General Rebuilding Sri Lanka is a national priority and the Government of Sri Lanka has aptly stated that the path to rebuilding the nation is in strengthening export-led growth. Sri Lanka’s merchandise exports…
Politicizing human rights (HR) and practicing double standards in reference is considered unpopular and unethical but practiced by many especially in the West. As always there were many discussions on the issue during the 51st session of the United Nations HR Council. Of them China’s Xinjiang topped the list as it has been one of…
Uber and Uber Eats produced LKR 52 billion in consumer surplus* Increased flexibility provided to driver- and delivery-partners worth an estimated LKR 1.2 billion 91% of the riders use Uber for convenience, and help save 3.7 million hours a year 96% of female riders say safety is an important factor in choosing to use Uber…
“He who exercises government by means of his virtue may be compared to the north polar star, which keeps its place and all the stars turn towards it.” – Chinese philosopher and educator Confucius (551 – 479 BC). For over 2000 years China has been celebrating the birth anniversary of Confucius on 28th September uninterrupted…
Sri Lanka’s Export Performance in August 2022 Earnings from the merchandise exports increased by 10.24 % y-o-y to US$ 1,213.7 Mn in August 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in earnings from export of Apparel & Textiles. The EDB Chairman & CE, Suresh…
The exclusive index toys with a nation’s resilience and heads south once more Some aspects of daily life have changed somewhat dramatically – most visibly, there’s more vehicular traffic on the streets and less items in a household’s shopping bag. But there is a determination to move forward with the provisions outlined in the interim…
The recent increase in electricity tariffs has drawn opposition from some religious organisations. The increases were necessary because the prices charged to consumers were below cost leading to large deficits. Financing these energy subsidies through money printing contributed to the ongoing balance of payments crisis. Electricity tariffs reflect the relative scarcity of the resources used…
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