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,

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.

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

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 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.

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’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

Fast deteriorating risk profiles of Emerging Markets and Developing Economies (EMDE) are expected to slow down investment into these countries. Rising economic distress coupled with de-globalization momentum are triggering major business and economic

The term tipping point has either a positive or a negative connotation depending on the context. It signifies the threshold, the boiling point, or the point of no return.

Sri Lanka’s usable reserves have dropped to levels of about US $ 150 million. Acute shortages of essentials ranging from fuel to medicine have become prevalent.

In line with globally recommended practices to reduce the dietary risk of non-communicable diseases (NCDs), the Sri Lankan government implemented a traffic-light labelling (TLL) system for sugar-sweetened beverages (SSB) in August 2016.

The Ceylon Chamber of Commerce through its Energy Sector Committee has been studying the on-going energy crisis in the country.

The current power crisis is the ‘talk of the town’. And quite legitimately so, as it affects all walks of our economic, financial and social life across all segments of society, threatening the very basic of our needs.

In planning for the future, the past is just prologue. For modern Sri Lankan small and medium enterprises (SMEs), the prologue is dominated by massive twin global headwinds of a post-pandemic future and a war brewing in Europe.

On March 8, Sri Lanka devalued the rupee against the US dollar, entering into a floating exchange rate regime. The Central Bank of Sri Lanka had to abandon the pegged exchange rate, as defending the rupee with dwindling reserves was impossible.

These days we are enjoying the benefits of bilateral credit extended to us by our neighbouring countries such as Bangladesh, India and China.

Sri Lanka is hosting the fifth Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit today.

As part of ongoing research into the economic impact of illicit markets, the Research Intelligence Unit (RIU) shared some of the key findings from its latest report that covers the economic impact of untaxed tobacco consumption in Sri Lanka.

We in the tourism industry are no strangers to falling on our knees. We are quite used to it. SARS, Bird Flu, airport bombings,