The esteemed economists and the International Monetary Fund (IMF) seem to be in agreement with this approach. I disagree with both and of the view that the strategies built on the above will lead us deeper into economic wilderness. 

May 19, 2019 will mark 10 years since the civil war in Sri Lanka ended with the complete annihilation of the Liberation Tigers of Tamil Eelam. Post-civil war Sri Lanka has been a story of missed opportunities. Former President Mahinda Rajapaksa utili

On January 23, 2018, Sri Lanka marked a significant watershed in the development of its economy when it signed a free trade agreement (FTA) with Singapore after 18 months of negotiations between the trade negotiation teams of both countries.

An upturn in exports and investment helped counter weaker output from Sri Lanka’s agricultural sector in 2017 facilitating steady growth overall and raising prospects of further gains this year.

We preach that Sri Lanka is a Democratic Socialist Republic and practice social market economy. One of the measures to see the role of government in the social sector is to look at the total tax collection from the rich and the subsidies afforded to

An Internet search on a website called ‘bigthink.com’ gives a patient per doctor map of the world, where the topmost country listed is Cuba, with a ratio of 170 patients per doctor. Belarus and Belgium come a close second with 220, while

2018 has already been unofficially declared as the year of the electric car. The next 12 months are likely to bring us closer to the dawn of a new era of renewable energy, when electric batteries will power many of the world’s cars, homes and i

Tammy Barton is the founder and Director of MyBudget, an Australian company that helps its clients in managing their budget. After witnessing the financial difficulties people had to endure, Barton founded the company in 1999 in Adelaide, at the mere

The most effective development projects are those that not only provide new solutions to old problems, but are also implemented in a way that is sufficiently flexible to accommodate changing circumstances.

Strong macro-stabilisation efforts characterised Sri Lanka’s economic policy in 2017. After two years of budgetary turmoil, fiscal consolidation efforts under an ongoing International Monetary Fund (IMF) programme are delivering higher revenues

Ocean shipping is essential for global trade. Trade is expected to increase significantly consequent to global population and income level increases. Concurrently, the shipping industry will need to expand and continue to strive for greater efficienc

From what we have seen reported in the newspapers over the weekend, it looks like  government doctors are planning another strike, which will inconvenience the common man needing and seeking medical attention in government hospitals. 

In the early 2000s, China’s capital exports diversified from purchasing US treasury bonds to exporting massive amounts of foreign direct investment (FDI) to the developing world. FDI from the People’s Republic of China’s (PRC) and H

While many rich nations raise money by putting a levy on fuel consumption, many developing countries pay subsidies to make fuel more affordable. These subsidies are essentially negative taxes. They are unsustainable in both environmental and budgetar

As the dust settles from the Chinese Communist Party’s 19th Congress, one of the strongest edifices left standing is Xi Jinping’s signature foreign policy initiative — the US $ 1 trillion Belt and Road Initiative (BRI). Two members

New year is typically a time to review one’s life and to set new goals through resolutions. But whilst many will focus on personal goals such as going the gym or spending time with one’s family, financial goals can be just as important: s

Malaysian Prime Minister Najib Razak, who was on an official visit to Sri Lanka in December 2017 to mark the 60th anniversary of diplomatic relations between the two countries, has agreed with his counterparts to expand cooperation in fields such as

Electric cars are all over the media as major disrupters of urban mobility. These stories seem to consign to oblivion that electric cars take up as much space as their combustion counterparts and, arguably, take up even more of our time than guzzler

The highly anticipated 2018 budget of the Sri Lankan government concluded recently with a number of surprises that were not seen in budget proposals in the past few years. 

Stock market is not for profit-making only, meaning that you can also incur losses as well. Accordingly, those that expect only profit should not invest in stock market, which is riskier than other 

Colombo Stock Exchange CEO Rajeeva Bandaranaike recently joined the leaders from the global capital market and business fraternity at ‘London Global Convention - 2017’ on Corporate Governance and Sustainability, which was organised by the

The new economy has greatly changed our economic environment in relation to how the government and businesses operate and provide goods and services and the structure of the labour force. Prosperity in the new economy involves more than capitalizing

The 19th CPC Congress, which expounded the theme of socialism with Chinese characteristics, declared that its foundation is based on Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory as well as Xi Jinping’s Thoughts on Socialism with C

“If you don’t go to your room and study instead of playing video games and watching YouTube, you’ll end up flipping hamburgers at McDonalds for the rest of your life!”

Creating a shared future in a fractured world would be the goal of the World Bank and the IMF in 2018. 

Despite Sri Lanka’s2018 budget proposals, presented on 09 November 2017 being built around blue-green colors, greenbacks (US dollars in a color connotation)related to the country’s migrant workers toiling overseas received little or no at

Thomson Reuters Foundation: In the early evening of November 29, Ajith Dias, an office worker in Colombo, started receiving warnings on Facebook of a brewing storm nearing Sri Lanka’s southern coast.

The tourism industry and its evolution originally started in European countries. Nationally and internationally, tourism originated by travelling one destination to another. People travelled around their own and neighbouring countries at the beginnin

Following is the speech made by Securities and Exchange Commission (SEC) Chairman Thilak Karunaratne at the launch of CA Sri Lanka’s ‘Code of Best Practice on Corporate Governance 2017’ that took place in Colombo, recently. &nb

The 19th CPC Congress which expounded the theme of socialism with Chinese characteristics declared that its foundation is based on Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory as well as Xi Jinping’s Thoughts on Socialism with Chi