I write this very short note to express my appreciation of Dr. Amali Wedagedara’s article- Surpassing Neo Liberal Fictions towards mission-orientated state (1/19). This is the only sensible article I have read in recent time pertaining to the economic situation facing us. It rekindled in me the pleasure I derived on reading GVS De Silva’s […]

By Hiran H.Senewiratne Sri Lanka’s inflation could rise to 7 percent in January 2024 due to the VAT increase, the Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe warned. Speaking at a special press briefing held yesterday, Dr. Weerasinghe explained that an increase in inflation is likely due to the increase […]

have fostered trust in the Sri Lankan economy on the global stage. He highlighted the President’s commitment to...

The ICC Team of the Year recognises 11 outstanding individuals who have impressed throughout 2023, be it with the bat, the ball or their all-round exploits. Chamari Athapaththu (c) (Sri Lanka) The veteran Sri Lankan started the year with a Player of the Match performance in Cape Town in the ICC Women’s T20 World Cup, […]The post World Cup stars dominate ICC Women’s T20I Team of the Yea...

State Minister for Rural Economy K. Kader Masthan, stated that negotiations for releasing lands under the Forest Department for agriculture and tourism have already commenced.

Sagala Ratnayaka, the President s Senior Adviser on National Security and Chief of the Presidential Staff, emphasized today (23 Jan.) at the Presidential Secretariat that President Ranil Wickremesinghe s effective economic initiatives have fostered trust in the Sri Lankan economy on the global

A press release issued by the Central Bank of Sri Lanka states that the  Monetary Policy Board of the CBSL, at its meeting held on 22 January 2024, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 9.00 per […]

Tuesday 23rd January, 2024 Sri Lankan ministers are never short of lame excuses, which they are adept at fabricating. Never do they own up to their blunders, which have landed the country in the current predicament. When the economy went into a tailspin, they promptly blamed the war in Ukraine

President Ranil Wickremesinghe addressing the 3rd South Summit of the Group of 77 and China on Sunday (21) in Kampala, Uganda, highlighted the numerous challenges the world faces, such as conflicts, pandemic repercussions, climate disasters and financial market uncertainties. The President also emphasized the disproportionate impact on vulnerable G77 economies. He stressed the urgency of […]

By Prof. Amarasiri de Silva Sri Lanka, renowned for its rich cultural heritage and diverse landscapes, is grappling with an unprecedented macroeconomic crisis. This crisis has given rise to acute shortages and sharp increases in the prices of essential products, creating a complex web of challenges. At the heart of this multifaceted crisis lies a […]

2024 presidential contest: by Shamindra Ferdinando Chief Opposition Whip Lakshman Kiriella, MP, yesterday (21) said that the Samagi Jana Balawegaya (SJB) was having discussions with two dozen SLPP MPs who had indicated their willingness to close ranks with the main opposition party ahead of the forthcoming presidential election. The Kandy District lawmaker said that the SLPP parliamentary […...

China’s consumer price index (CPI) fell by 0.3 per cent year on year in December, marking a third consecutive monthly decline amid fears of deflationary risks Concerns have risen that China is facing similar issues to Japan’s so-called lost decades of stagnation China’s falling consumer prices in the fourth quarter have plunged full-year inflation to […]

ECONOMYNEXT –Sri Lanka’s economy is starting to recover under a stabilization program, and further progress has to be made on debt restructuring while monetary policy decisions have to be prudent to keep inflation down, an International Monetary Fund official has said. “A swift completion

Although Sri Lanka s macro economy is gradually stabilizing, the country s economic recovery process is still in the infancy level and has yet to reach the broader population, says Peter Breuer, the Senior Mission Chief of the International Monetary Fund (IMF) to Sri Lanka.

by Dr Amali Wedagedara In Sri Lanka, public policy lost in the neoliberal haze treats the market as a cure for all ills. Not only is the market omnipresent, but it is also omniscient and omnipotent. The charm of the ‘market’ that research and advocacy lobbyists are creating is so alluring that only a few […]