By Dr. Pulasthi Amarasinghe In April this year, the Cabinet approved the expansion and extension of Aswesuma. This is timely, as strengthening social protection remains a critical priority as Sri Lanka continues to grapple with the aftermath of its economic crisis. However, Aswesuma’s effectiveness, especially in terms of its impact on household welfare, will depend…
Rising Veganism, Health Consciousness, and Plant-Based Diet Trends Drive 9% CAGR Growth Across Food, Beverage, and Personal Care Applications Globally The global coconut milk powder market is experiencing remarkable expansion, with market valuation projected to surge from USD 224.2 million in 2025 to USD 409.9 million by 2032, growing at a CAGR of 9% during the 2025-2032 forecast period. This substantial…
The Board of Investment (BOI) of Sri Lanka announced an increased inflow of Foreign Direct Investment (FDI) to the country in comparison to the previous year, consolidating the stable and investor-friendly economic environment. The BOI highlighted that the renewed confidence of international investors has resulted in the receipt of new investment proposals given the government’s…
By Prof. Samitha Hettige Balthasar Bekker (1634 – 1698) was a Dutch politician & a theological author known for opposing superstition & ending witchcraft in early modern Europe. Among his famous work is ‘The World Bewitched (1695)’. New mayor Ms. Balthazaar is expected end corruption & wrong doings in the Colombo Municipal Council during her term. One…
Fitch Ratings has adjusted its outlooks for the banking sectors in South Korea, Taiwan, Thailand and Vietnam to reflect weaker prospects for banks in 2025 amid exposures related to US trade policies, though the overall banking sector outlook for APAC remains ‘neutral’. We maintain the ‘deteriorating’ outlook on China’s banking sector, reflecting persistent challenges for…
How Financial Strategy Can Turn Sri Lanka from a Perpetual Borrower into an Economic Fortress—and End Its Exclusion from the Global Wealth Club By Jithendra Antonio In the sterile corridors of the Central Bank of Sri Lanka, where foreign reserve monitors once displayed catastrophic readings of $50 million in 2022—a 99% collapse from $7.6 billion…
By Advocata Institute Sri Lanka’s electricity tariffs have never made much economic sense. They’re full of distortions, cross-subsidies and based on outdated assumptions. This is why the Advocata Institute recently made a formal submission to the Public Utilities Commission of Sri Lanka (PUCSL), proposing a complete overhaul of the way electricity is priced. The goal…
By Prof. Samitha Hettige Sri Lankan memory of Norway may vary. ‘CEY – NOR’ fisheries sector development project & the Cashew plantations in east are from the pre conflict 1970s. During 1980s NGO ‘Redd Barna’ served child welfare. In the 1990s Norway directly & indirectly invested in peace with Young Asia TV, World View Foundation,…
Ms. Kanishka Munasinghe, Vice President of the Listing Division at the Colombo Stock Exchange (CSE), outlines the strategic value of listing on a stock exchange, detailing the role of the Listing Division, followed by the benefits for companies, the broader economic impact, and the essential considerations entities must assess before going public. What is the…
By Shiran Fernando Chief Economic Policy Advisor at The Ceylon Chamber of Commerce Sri Lanka has weathered a relentless succession of economic shocks in recent years. The turmoil began with the constitutional crisis in 2018, followed by the tragic Easter Sunday attacks in 2019. As the country began charting a path to recovery, the COVID-19…
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