Rohan Samarajiva Why trade agreements? If Sri Lanka is to escape the middle-income trap, we must increase exports. Not only of goods, but of services. We can do this only by having the legal frameworks that provide the flexibilty to participate in global value chains. Sri Lanka’s labor costs are high relative to our competitors….
While there was a huge response to our report on price increases of motor vehicles following the depreciation of the Sri Lankan Rupee against the US Dollar, Associated Motorways Limited (AMW) which markets the popular Suzuki Alto, Suzuki Celerio, Suzuki Swift and Alto k 10 motor vehicles revealed in detail the increase in prices. A…
It was he who had spoken up more during the past on Sri Lanka’s exports dropping from 35 per cent to 15 percent as against the island’s Gross Domestic Product (GDP) and that by exploiting his Deputy Foreign Ministerial post he is prepared to lend his shoulder to Sri Lanka’ economic development and prosperity, said…
Mariah Carey is willing to do anything for her billionaire boyfriend James Packer – even if it means undergoing surgery. According to OK Magazine, Carey is willing to go through breast reduction surgery for Packer. Rumor has it that Carey is jealous about the billionaire’s past girlfriends. The diva is apparently feeling insecure after seeing…
Renuka Wijesiriwardhane, the General Manager of Sterling Automobiles Company, an institution prominently engaged in popularizing hybrid and electric motor vehicles in Sri Lanka joined adaderanabiz.lk for an exclusive interview. This is what he had to say on the latest situation in the automobiles market in Sri Lanka:
Colombo equities recorded negative returns on Thursday as the index failed to continue the positive momentum gained on the previous session. Concerns on the exchange rates, interest rates and peer market fluctuations drove the investor sentiment down. Benchmark index shed 23.31 index points (-0.32%) to end at 7,159.94 while 20-scrip S&P SL index declined by…
99X Technology Co-Founder and CEO Mano Sekaram was appointed as the Chairman of the Sri Lanka Association of Software and Service Companies (SLASSCOM) for 2015/2016. Sekaram counts over 25 years of global experience in IT/Software Management and as an industry thought leader, is a regular representative of Sri Lanka’s IT/BPM industry nationally and globally. Upon…
Sri Lanka’s rupee, which is hovering near a record low after being floated by the central bank last week, will be brought to an acceptable level before too long, Finance Minister Ravi Karunanayake said on Wednesday. The rupee fell for a fourth straight session to 138.80/95 per dollar on Wednesday, 0.36 percent weaker than Tuesday’s…
The Republic of Korea (ROK)’s development record is arguably the most impressive since the end of the Second World War. The country experienced harsh Japanese rule and subsequently the Korean War (1950-53) which resulted in the partition of the peninsula. ROK has, therefore, had to come through periods of conflict involving each of its two…
Warning former strongman Mahinda Rajapaksa’s loyalists, President Maithripala Sirisena today said they should not think of toppling Sri Lanka’s first national unity government and asserted that it will remain in power for a full term. “Do not ever think that this government can be toppled or weakened. Till 2020 this government will be stable and…
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