The non-communicable diseases (NCDs) have posed a critical health challenge for Sri Lanka for several decades. Estimated to account for 83 percent of all deaths in Sri Lanka today, the NCDs have serious health and economic consequences for both indiv

Having sat in bank board debt recovery committees for over a decade, debt restructuring is certainly not a pleasant task because it is a very stressful exercise for the defaulting party.

Digitalisation of government services is seen as a vital mechanism for cultivating public services, making the government more transparent and accountable, enlargement of public participation and facilitating the sharing of information among the publ

Sri Lanka tourism is yet again going through severe crisis. But this time the crisis is multifaceted and of unprecedented proportions. Many service providers are barely managing to survive, with several expected to ‘go under’ in the next few mon

There are constant dire warnings of impending food shortages citing many causes and blames on past actions. While it is useful and wise to be forewarned, the warnings alone will not avert the possible shortages. What is required is for those able and

Global oil prices are in the headlines once again with crude oil prices soaring following Russia’s invasion of Ukraine on 24 February 2022. Global crude oil prices have shot up; the Brent increased by around 22 percent to US$ 114 a barrel at the en

DIMO recently introduced DI-Solar, a revolutionary solution, enabling the power generated through the existing solar PV systems to be utilised during the prevailing daytime power interruptions, thereby preventing the power wastage.

Sri Lanka is presently facing the most severe economic crisis in its history. The main problem is that Sri Lanka’s debt has become unsustainable.

As the nation awaits a new budget with the hope of finding relief amid heavy economic pressures, it is now imperative authorities focus on wider aspects of governance to prevent further outflow of valuable revenue.

In Greek mythology, the lotus-eaters were inhabitants of an island where the primary food was lotus fruits and flowers and was a narcotic causing them to sleep in peaceful apathy. The indulgence in pleasure keeps lotus-eaters away from dealing with p

Sri Lanka’s education sector, still reeling from the effects of the COVID-19 pandemic, now faces acute challenges, due to the current political and economic crises.

Prime Minister Mahinda Rajapaksa (MR) resigned on May 09, 2022, soon after sending mobs to attack the peaceful protesters at Galle Face (dubbed Gotagogama).

There are macroeconomists and the rest of us. The former, having studied the nuts and bolts of economics, understand Sri Lanka’s current issues, or they do show.

Rising fuel and food prices look set to stoke an ‘inevitable’ rise in civil unrest, with developing middle-income countries such as Brazil or Egypt particularly at risk, a report by a risk consultancy said.

“Country is facing one of the most difficult and challenging economic, political and socially decisive times in its history …… Government has erred by banning use of chemical fertilizer and not going for a program with IMF earlier”…..These

The big question in the minds of many is for how long the local construction industry, which employs 650,000 workers direct and another 325,000 indirectly, could survive without a total collapse due to the multiple shocks it had to face during last 2

The findings from the latest biannual Export Barometer Survey indicate that the exporters are losing confidence in the industry’s outlook,

At present, Sri Lanka is faced with an unprecedented set of challenges brought on by its own historical behaviour. For years,

SriLankan Airlines Ltd welcomes and respects the rich debate in the public space on matters concerning the operation of the airline in general and the ‘Notice of Procurement’ for the lease of aircraft in specific. The board and management are of

This report presents the latest findings of the Confidence in Democratic Governance Index (Wave 2) conducted by Social Indicator (SI), the survey research arm of the Centre for Policy Alternatives.

On April 22, 2021, President Gotabaya Rajapaksa announced a ban on the importation of chemical fertiliser to make Sri Lanka “the first country in the world to be free of chemical fertiliser”. The decision was passed into law by a gazette publishe

Sri Lanka technically became bankrupt when it announced a temporary suspension of repayment of all external debt of around US $ 50 billion, saying the country can no longer honour its commitment, owing to weak financial reserves caused by external an

On April 12, 2022, Sri Lanka declared that it would suspend all external debt payments with immediate effect. Incidentally, Sri Lanka joined the dubious club of global defaulters.

We often ask the question as to why Sri Lanka should decarbonise when our carbon emissions are relatively low. This is true as the country’s share of global carbon emissions is only 0.06 percent and has been plateauing at the same rate for the last

The Chamber of Industry of Sri Lanka (CCI), which is the apex representative body of all who are engaged in construction sector, predicts that with the present economic crisis and due to several factors causing a debilitating impact, over 100,000 job

Sri Lanka’s worst economic crisis has triggered an unprecedented wave of spontaneous protests as the island nation of 22 million people struggles with prolonged power cuts and a shortage of essentials, including fuel and medicines.

Sri Lanka has just entered the deepest economic crisis in its history. Shortages and rising prices that people face today are only the first inkling of what lies ahead. Unless decisive action is taken, it can go into a destructive tailspin.

Sri Lanka’s economic outlook is highly uncertain due to the fiscal and external imbalances. Urgent policy measures are needed to address the high levels of debt and debt service, reduce the fiscal deficit, restore external stability, and mitigate t

Today we need urgently the Government Economic Plan prepared by knowledgeable and experienced professionals to restructure the economy and obtain assistance from the International Monetary Fund and other International Funding Agencies to overcome the

Sri Lanka is facing unprecedented political turmoil, and with the economy in a tailspin it is in its weakest state in decades. The country is staring down the barrel of a sovereign debt default and is exposed to external shocks.