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Fri, 22 Nov 2024 Today's Paper
Sri Lanka’s preferential access to the vital European Union (EU) market faces fresh challenges after the European Parliament’s special resolution adopted in June 2021.
Sri Lanka’s economy is reeling under a foreign currency crisis during pandemic economic turbulence. An old addiction to imports has finally caught up to drain foreign exchange reserves, already straining under large debt repayments in the absence o
SriLankan Airlines is among the airlines leading the way in the South Asian region by trialling the International Air Transport Association (IATA) Travel Pass, commencing October 1, 2021, with selected sectors.
The World Tourism Day is celebrated internationally on September 27, 2021. Sri Lanka, formerly Ceylon, was under the British rule from 1815 to 1948. Sri Lanka is a mesmerising island nation, surrounded by the Indian Ocean.
I was surprised when I read in your newspaper about the call on Sri Lanka by the EU Ambassador Denis Chaibi to respect international trade rules (“EU asks SL to respect WTO rules; urges not to put country’s exports at risk”, Daily Mirror,10 Sep
The Sri Lankan economy faces a historical crisis. The root causes are the twin deficits.
It is with great sadness that Overseas Realty (Ceylon) PLC announced the passing of S.P. Tao, Founder, Chairman and Director of the company, on August 24, 2021.
Leaders of Sri Lanka’s apparel sector highlighted the industry’s prioritisation of employee safety through the adoption of and adherence to comprehensive health measures, while ensuring business continuity and thereby the industry’s sustenance.
Recent economic pressures centred around the foreign exchange crisis prompted the government to impose strict import controls. The unpopular yet obligatory measures helped ease burgeoning pressure on the rupee but inadvertently led to the serious iss
Blurring the line between physical and virtual, technology has revolutionized the way we receive services. Over the last decade, many economies have used technology to improve access to a range of quality and affordable facilities. With the COVID-19
Ever since April 2021, Sri Lanka’s agriculture and plantation sectors have been beset by needless difficulties as a result of an announcement, seemingly made on a whim, that Sri Lanka would switch completely to organic agriculture – effective imm
Although COVID-19 may be gender-blind, it has created a crisis that has disproportionately affected women across the globe. The economic impact of the pandemic is mostly channelled through the labour market.
The recent passing away of Mangala Samaraweera, a former minister and senior neo-liberal politician, is expected to have an impact on possible future political scenarios in Sri Lanka. He played a pivotal role in electing three former presidents in th
Among the many tragic consequences of the COVID-19 pandemic, there have been some positive offshoots as well. One of them is the improvement of Colombo’s air quality as a result of restricted movement to prevent the spread of the disease.
Like many other countries, Sri Lanka faces numerous challenges in the battle against COVID-19. The pandemic has caused deep uncertainty and presented a colossal challenge for the country’s healthcare system.
Meeting Sri Lanka’s rapidly increasing water and sanitation needs will require a comprehensive national policy capable of managing institutional coordination, improve planning and attract investment to benefit millions of people.
To utilise the fullest extent of the GSP+ benefits, Sri Lanka’s apparel industry must increase the value addition to its exports to the European Union (EU) from the current 52 percent to 65 percent quickly. Vertical integration in Sri Lanka’s app
The Ceylon Petroleum Corporation (CPC) is a fully State-owned enterprise that engages in the selling and distribution of fuel in Sri Lanka.
Sri Lanka’s rubber plantations are potentially on the brink of being wiped out, battered by a fast-spreading leaf disease and the sector could be nearing the ‘point of no-return’, commercial rubber growers claim, requesting for urgent governmen
In July this year, Bloomberg reported Sri Lanka as the national economy most at risk for defaulting sovereign debts in the Asia-Pacific region, with a 28 percent likelihood based on its debt default probability scale. Since then, we have succeeded in
Sri Lanka needs to add an estimated 11,000 MW to its power grid within the next two decades to meet the growing demand. Adding large-scale floating solar plants would not only make electricity greener and affordable but also improves Sri Lanka’s ov
In a relentless push towards modernisation and staying open throughout various lockdowns, the Colombo Stock Exchange (CSE) has experienced some remarkable changes over the last 18 months.
The hike in policy interest rates by the Central Bank of Sri Lanka (CBSL) in August 2021 marks a shift from stimulus to exit strategies in the pandemic era. Such recalibrations globally are focused on how to tackle the historically large debt-to-GDP
Deshamanya Professor W.D. Lakshman would have stepped into the Central Bank (CBSL) building for the first time in the early 1970s to get a foreign exchange permit to import a car after returning from Oxford.
Overseas migration for work or study seems a popular option for Sri Lanka’s youth.
The Institute of Policy Studies of Sri Lanka (IPS) together with the Sri Lanka Medical Association (SLMA) and Centre for Policy Impact in Global Health (CPIGH) of the Duke University, USA, organised a virtual policy dialogue on ‘Planning for Univer
Sri Lanka’s debt problems are a topic of national conversation. Foreign reserves, already low at US $ 4 billion in May 2021 fell to US $ 2.8 billion after the most recent bond repayment of US $ 1 billion in July 2021.
Sri Lanka’s start-up ecosystem has grown significantly over the past 15 years, benefitting greatly from a fast-growing ICT sector, high rates of literacy, brain gain of highly qualified ICT professionals returning home, etc.
Sri Lanka has immense potential to build itself as a destination for tech products and services, with the ICT/BPM industry being its fifth highest foreign revenue generator.
In Sri Lanka, the Department of Census and Statistics (DCS) is the primary government agency responsible for collecting and providing access to data that can be used for statistical analysis. The stated vision of the DCS in Sri Lanka is to be the ‘
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