By Imesha Dissanayake The Government of Sri Lanka (GoSL) has very ambitious plans for the country’s economic transformation including an economic growth expectation of more than 6% during five-year period of 2022-2027. The national budget announced in 2022, forecasts public investments to be at 5.1% of GDP. A similar figure was announced during the last…
The Silk Road Journal by Mahika Ming As per the famous Chinese folk tale, the world was in total darkness having never seen light and people could not imagine what light was. One day ten brave red Crows began a journey to bring light to the dark world. They flew through dangerous paths till they…
LonelyPlanet – Sri Lanka’s tropical beaches are unanimously adored. Crafted from a 1340km (833-mile) coastline, its countless topographically varied beaches, coves, and bays attract sun-seekers, fun lovers, and surfers throughout the year. Wildlife plays its part too – beaches are vital nesting grounds for endangered marine turtles, while blue whales are sighted at sea. Sri…
The Silk Road Journal by Mahika Ming As per Ministry of Commerce of China, mainland alone had attracted foreign direct investment (FDIs) worth approx. 1.7 billion USD in 2021 at time the world was battling COVID 19. It is an approx. 15% increase from 2020. This according to sources excludes banking, securities and insurance sectors….
By Kimuthu Kiringoda “Tourism has been described as the world’s largest transfer of resources from rich to poor, dwarfing international aid.” – Salli Felton, CEO, Travel Foundation The tourism industry’s performance was hampered first by the Easter Sunday bomb explosions in 2019 and then the COVID-19 pandemic. Sri Lanka saw a decline in tourist arrivals from…
By Felix Fernando Much has been said of the potential economic costs to Sri Lanka, of losing the Generalised Scheme of Preferences (GSP) Plus trade concessions to the European Union (EU). While these costs will be high, the social and human costs are likely to be even greater. Considering official statistics for 2021, available up…
Asia’s top high-yield bond issuer expected to restructure debt and seek help from IMF Financial Times – Investors are braced for Sri Lanka to default during the Covid-19 pandemic, saying they expect Asia’s top high-yield bond issuer to restructure its debt and call on the IMF for assistance as its financial crisis worsens. The South…
By Thisuri Ekanayake A great deal of discussion is underway on what appears to be the latest wave of migration from Sri Lanka. These conversations focus on the desire of young people to migrate in search of greener pastures in the face of the soaring cost of living and uncertainty about the country’s future. While…
Perceived Economic Opportunity Index 2021 [PEOI] Q4: October to December, 2021 The Foundation of Economic Freedom in Sri Lanka (FEFSL) presents here a summary of perceptions of the people of Sri Lanka about their own and the nations’ future as at the last quarter of 2021. This monthly nation-wide tracking study, reported quarterly, is based…
The Silk Road Journal by Mahika Ming The Chinese people all over the world are celebrating the 2022 Spring Festival or the Chinese New Year. Chinese President Xi Jinping also extended festival greetings to all Chinese people encouraging them to build China into a great modern socialist country in all respects. The Chinese are ending the…
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