There’s a glimmer of hope for recuperation as the one of a kind index maintains its traction Time to dig deep for that island sense of joie de vivre and look for those silver linings… And despite the pessimistic economic forecast for the next 12 months, and the less than delightful long and short-term business…
SL is located at the centre of the “Lakidva Sea” which was renamed “Indian Ocean” by the Portuguese who entered in 1505. Shipping history indicates that Prince Vijaya set sail from South India with 700 men on the day the Buddha attained Nirvana. If it was today, Vijaya may sail towards Australia looking for Greener…
Introduction The 5th Generation of mobile networks is on the horizon and promises to deliver a connectivity that will take on a much larger role than previous generation technologies such as 3G and 4G LTE. It is a technology with unique capabilities that will not only interconnect people, but also interconnect and control machines, objects,…
Nearly one in three parents in Sri Lanka have noticed negative changes in their children’s behaviour in the last 6 months as the country headed into economic collapse, according to a Save the Children survey conducted in June 2022. The survey of more than 2,300 families across nine districts in Sri Lanka also found nearly…
By Dr Dushni Weerakoon The bad news on inflation keeps coming. As of June 2022, year-on-year (YOY) inflation nationally is estimated at an all-time high of 59%. Annual inflation is lagging significantly behind at around 21%, indicative of the speed at which price inflation has been spiralling in recent months. This is in sharp contrast…
President Xi Jinping was the first super power leader to congratulate President Ranil on being appointed President. Most Sri Lankans assume that right wing Ranil will not and should not work with eastern friends. Some question how Ranil can work with countries other than western powers. Such persons may study the very moment SL is…
By Prof. Samitha Hettige Sidelining of JR Jayawardena within the UNP came to a peak in early 1970s by the Senanayake camp. Many expected him to cross over to the SLFP which was running the country but JR never gave up (Ref memories of late ACS Hameed). In 1973 JR became the leader of the…
By Mark Mobius When Sri Lanka’s financial crisis started to deepen a few months ago, I decided to visit the country to observe first-hand the political and social developments. At the time, street demonstrations were still peaceful and power outages were few and far between, at least in the hotel I stayed at, where private…
By: Tiffahny Hoole and Janani Wanigaratne Sri Lanka is going through a crisis of a magnitude that has never been witnessed in its economic history. The country is in disarray as people wait in lines to purchase essentials. Official reserve assets have plummeted to a US Dollar 1920[1] million by May this year and the…
By Lakshila Wanigasinghe Empty supermarket shelves, endless queues to buy essentials and overnight camping around fuel stations are now regular sights in Sri Lanka. As the economy continues to plummet with no viable short-term solutions in sight, levels of frustration among the citizens continue to rise. The country’s worst economic crisis since independence has battered…
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