Relishing on the liberal electoral process and propaganda machinery, political parties of the country over the years have been painting a promising picture of prosperity to the voter to grab their vote. Once power was secured, the promises were easil

Sri Lanka has long been admired by development economists, international financial institutions, public intellectuals for leading South Asia in all economic and social indicators.

The United Nations Development Programme (UNDP) in Sri Lanka recently launched a facility to enable interested private sector organisations to partner and contribute towards procurement of urgent medical supplies and address food security needs,

The court was yesterday informed that the complainant party is expecting to file an amended plaint against the former Central Bank Governor Ajith Nivard Cabraal, regarding the private plaint filed over the alleged financial irregularities that took p

The world economy is showing signs of a serious slowdown due to overlapping crises including the Russia-Ukraine War, the COVID-19 pandemic,

‘Aragalaya’ started over 100 days ago with a series of protests emerged in several places in the island. Initially, it came from economically weaker segments of society.

Ranil Wickremesinghe, who rescued Sri Lanka’s economy from recession as Prime Minister in 2002, is back, now as Executive President. This time around, his challenge is far greater.

Ahead of the presentation of the Interim Budget, the Institute of Policy Studies of Sri Lanka (IPS) has recommended policy proposals for inclusion in the forthcoming Budget. Some key policy issues and recommendations follow.

In Palawela Udaniriella, an 8-year-old girl became the victim of Grave Sexual Abuse committed by no stranger, but by her grandfather’s brother,

The bad news on inflation keeps coming. As of June 2022, year-on-year (YOY) inflation nationally is estimated at an all-time high of 59 percent.

It is clear to us all that Sri Lanka is in a state of crisis. You just need to see the queue at your local gas station for evidence of that. The core reasons for the crisis however, are a more contentious debate.

An expert panel discussion on ‘Surviving the Current Economic Crisis: Ex-Central Bankers in Dialogue’ was held in early June.

Empty supermarket shelves, endless queues to buy essentials and overnight camping around fuel stations are now regular sights in Sri Lanka. As the economy continues to plummet with no viable short-term solutions in sight, levels of frustration among

A super-holding company for managing State-Owned Enterprises (SOEs) has been identified as a globally successful model for SOE management.

Talk to anyone waiting for days in a long queue to get a few litres of fuel for daily living, unable to cook food, due to the lack of LP gas or forced to stay in the darkness,

The decision by the Cabinet to partially lift the Family Background Report (FBR) requirement for female migrants is long overdue and a welcome move to promote female labour migration from Sri Lanka.

A super-holding company for managing State-Owned Enterprises (SOEs) has been identified as a globally successful model for SOE management.

Food security has become a pressing concern for many Sri Lankans amidst a deepening domestic economic crisis, drastic loss of rice production and post-Ukraine crisis commodity price surge in the world market.

Sri Lanka is currently experiencing a foreign currency sovereign debt default for the first time in the country’s post-independent history.

One of the most critical implications of Sri Lanka’s current economic crisis is the hard hit on the transport sector. The foreign exchange shortage has made importing fuel a major challenge, severely affecting road transportation and further impedi

The unprecedented economic collapse is wreaking havoc across the social economic landscape of Sri Lanka. All industries are suffering, with front end industries like tourism carrying the brunt. And tourism is no stranger to crises, having had to face

The Chinese-built Hambantota Port has become a millstone around Sri Lanka’s neck, as the seaport has landed Colombo in a dragon debt trap and is commercially unviable, with little hope of traffic revival in future.

Following is a detailed response to the article headlined ‘Common minimum programme for economic recovery’, compiled by the National Movement for Social Justice, published on June 13, 2022.

Private motorisation has been Sri Lanka’s preferred mode to solve its mobility needs. Not much thought has been given to the public transport systems in recent times, which over the years were systematically neglected and relegated to the poor to u

The shortage of fuel and energy has brought the whole of Sri Lanka to a standstill and its citizenry of all walks to mile-long queues. It disrupts social movements, economic activities, business and production of all scales in all the sectors.

Sri Lanka’s economic crisis has caused immediate uncertainties regarding whether (a) required food supplies are and will be available, (b) the agri-food sector is and will be able to sustain the livelihoods of those engaged in crop, livestock and p

Sri Lanka is in the midst of a sharp economic downturn, the proximate causesowing to its long-standing problems of twin deficits on both the external accounts and domestic government budgets.

Sri Lanka is currently undergoing an unprecedented economic crisis caused by the depletion of foreign exchange reserves and government revenue, as well as by a sovereign debt crisis.

There is a great mismatch in the spend between Sri Lanka’s total imports and fuel imports. According to available data, we have spent US$ 3,269 million on average annually on fuel imports, between 2014 and 2018.

Despite the economic crisis Sri Lanka finds itself in today, Sandro Veronesi, President of Calzedonia, one of Italy’s leading retail chains, has great faith in the resilience of Sri Lanka’s apparel industry.