PublicFinance.lk – The infographic shows the actual annual foreign debt service payments of GOSL (Government of Sri Lanka) from 2010 to 2020 and the projected foreign debt service payments from 2021 to 2025. The breakdown of foreign debt service between principal payments and interest payments is provided. During the period from 2010 to 2018, the…
Exclusive Interview with Ajith Fernando, CEO – CAL Group Having established itself as the preferred, full-service Investment Bank in Sri Lanka, the CAL Group is expanding into overseas markets such as Bangladesh. As the Group takes its first international steps forward as part of the Group’s expansion strategy, we sat down with Ajith Fernando, the…
Perceived Economic Opportunity Index 2021 [PEOI] Q3: July to September, 2021 This quarter marks the entry in to the second decade of tracking the perception of economic opportunities among the people of Sri Lanka. This unique measurement is based on the calculation of the Perceived Economic Opportunity Index (PEOI) developed by the Foundation of Economic…
Data shows every year 38,000 crashes cause 3,000 deaths and 8,000 injuries Road crash fatalities and injuries could cost countries like Sri Lanka between 3-5% of their GDP annually $2 billion additional investment needed to combat road safety crisis Priyantha Fernando* (34) was heading home after a typical day’s work when his motorcycle crashed into…
PublicFinance.lk – Net Foreign Assets (NFA) of a country’s monetary authority refers to the difference between gross foreign reserve assets and liabilities related to foreign reserves. Typically, such liabilities include the Central Bank’s liabilities to the IMF, swaps, and any other reserve related liabilities. In August 2021 the Central Bank’s NFA was LKR –84 billion….
A twin deficit problem For much of its post-independence period Sri Lanka has been characterised by twin deficits: fiscal deficits and deficits in the external current account. What this implies is the country spends more than it earns and consumes more than it produces. The two deficits are linked because the deficit in the external…
By Jeevith Senaratne An industry’s response to an unprecedented crisis such as the COVID-19 pandemic and its aftermath is a testament to its ability to weather the storm and come out stronger on the other side. This was particularly true for Sri Lanka’s apparel sector. While the initial wave of COVID-19 posed many challenges to…
The Silk Road Journal by Mahika Ming The human civilization revolving around China is more than 12,000 years old according to scientifically proven archaeological evidence. Rice cultivation, paper, magnets, the umbrella, the compass and gunpowder are few of the most important contributions made by the Chinese civilization to mankind. The ancient chronicles of Sri Lanka…
Business Sentiment – The Index Continues To Head North At a recent webinar, the Institute of Policy Studies of Sri Lanka’s (IPS) Executive Director Dr. Dushni Weerakoon noted that a V-shaped recovery seems to be on the cards for the Sri Lankan economy, following the 3.2 percent contraction recorded last year. With a growth rate…
Sri Lanka’s merchandize exports in September 2021 recorded US$ 995.8 Mn as per the data released by the Sri Lanka Customs. EDB Chairman & CE, Suresh D. de Mel said, “Observing the export figures of September, it is remarkable to see that our exporters performed this well amidst travel restrictions and lockdowns due to the…
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