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…
By Prof. Samitha Hettige Botanists refer to “Kurukkan” or “Filler Millet” as “Eleusine coracana”. Some in SL refer to the late DM, DA and their Rajapaksa clan as the Kurahan clan because of the colour of the shawl they wear. Presidents Mahinda and Gotabaya managed to make their marks in SL history by leading the…
Introduction A super-holding company for managing State-Owned Enterprises (SOEs) has been identified as a globally successful model for SOE management. This model allows the government to adopt a more arms-length approach to SOEs’ operational decision-making, relieving it of the direct responsibility of overseeing all SOEs dispersed across various industries, and redirect its budget and energy…
By Ravi Abeysuriya Talk to anyone waiting for days in a long queue to get a few litres of fuel for daily living, unable to cook food due to the lack of LP gas or forced to stay in the darkness due to the power cuts or unable to find critical medicine the same set…
By Prof. Samitha Hettige Leaders of the North Atlantic Treaty Organization (NATO) were in Madrid, Spain discussing challenges it faces in the new world order. Spain is famous for Bull fighting where a brave man uses a red cloth to confuse/annoy a bull. NATO seems to be like a confused bull running amok seeing the…
Introduction A super-holding company for managing State-Owned Enterprises (SOEs) has been identified as a globally successful model for SOE management. This model allows the government to adopt a more arms-length approach to SOEs’ operational decision-making, relieving it of the direct responsibility of overseeing all the SOEs dispersed across various industries, and redirect its budget and…
Sri Lanka is suddenly fighting a new war with the index rolling back to wartime When 99 percent of business leaders fear for the investment climate and the national coffers are as empty as a starving person’s belly, and when the very bare necessities of life are not available and people are looking deprivation in…
The foundations of Sri Lanka’s economic revival have to be built on export industries In the last 30 years, Sri Lanka has lived through a debilitating civil war, a tsunami, the Easter Sunday bomb attacks and a two-year long pandemic. As a nation, we have battled through them all, emerging bruised but not broken. We…
One of the most critical implications of Sri Lanka’s current economic crisis is the hard hit on the transport sector. The foreign exchange shortage has made importing fuel a major challenge, severely affecting road transportation and further impeding the performance of an already crippled economy. This Policy Insight gives context to the ongoing transportation issues…
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