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Kabul [Afghanistan], April 14 (ANI): The takeover of Afghanistan by the Taliban caused not only political crisis in the country but also uncertainty in business and unemployment. The private sectors were “hit hard” as the businesses were halted and put to uncertainty, according to the latest survey conducted by the World Bank, reported The Khaama […]
CNHI Statehouse Reporter INDIANAPOLIS — Indiana’s teachers are paid too little for the work they do but raising their salaries to be competitive will cost an estimated $600 million, according to the state’s highly anticipated Teacher Compensation Report. “There’s a sizable gap between what Indiana teachers are currently … Read More
[…] The post A Child’s Guide To Modern Monetary Theory: Keynesianism In An Old Bottle? appeared first on Colombo Telegraph.
[…] The post A Child’s Guide To Modern Monetary Theory: Keynesianism In An Old Bottle? appeared first on Colombo Telegraph.
CNHI Statehouse Reporter INDIANAPOLIS — Indiana’s teachers are paid too little for the work they do but raising their salaries to be competitive will cost an estimated $600 million, according to the state’s highly anticipated Teacher Compensation Report. “There’s a sizable gap between what Indiana teachers are currently … Read More
[…] The post A Child’s Guide To Modern Monetary Theory: Keynesianism In An Old Bottle? appeared first on Colombo Telegraph.
[…] The post A Child’s Guide To Restrictions On Forex Forward Market appeared first on Colombo Telegraph.
CNHI Statehouse Reporter INDIANAPOLIS — Indiana’s teachers are paid too little for the work they do but raising their salaries to be competitive will cost an estimated $600 million, according to the state’s highly anticipated Teacher Compensation Report. “There’s a sizable gap between what Indiana teachers are currently … Read More
[…] The post A Child’s Guide To Modern Monetary Theory: Keynesianism In An Old Bottle? appeared first on Colombo Telegraph.
[…] The post Child’s Guide To Foreign Borrowings: Are They An Evil Or Not? appeared first on Colombo Telegraph.
By Indika Sri Aravinda There is a serious shortage of blood at the National Blood Bank because of the curfew in the Western Province, officials said today. Director of the National Blood Transfusion Service Dr. Lakshman Edirisinghe told the Colombo Gazette that the curfew in Colombo has prevented
Reuters: The Central Bank believes the rupee can strengthen to around 125 per US Dollar due to high foreign inflows into the economy, the Head of the country’s monetary authority said of Monday. Since April, the Central Bank and Finance Ministry have repeatedly said the rupee should stabilise at around 125 per dollar, given the ...
Reuters: Brent crude fell below $113 a barrel on Friday as a sharp slowdown in China’s trade flows heightened worries about demand for fuel, putting to one side hopes of stimulus measures aimed at lifting global growth that could boost oil use. China’s July exports rose just 1 per cent from a year earlier, undershooting ...
The country has entered into an era that was not witnessed for past 25 years. Growth rates of the economy cannot even be compared during this period as the ground situation in micro terms have changed drastically that was never before during a quarter of a century. The volatility and events of macro factors make ...
Central Bank Governor says rupee’s trends will depend on flows Bank will intervene if needed to curb volatility Bank sees 125/dollar as equilibrium level, but not a target July annual inflation to ease from 41-month high Reuters: Sri Lanka will maintain a flexible exchange rate, allowing flows to determine trends, though the Central Bank will ...
By Cassandra Mascarenhas Setting its sights on placing Sri Lanka in the global economy and expanding its reach in overseas markets, the Sri Lanka Economic Summit 2012, the Ceylon Chamber of Commerce’s annual flagship event, aptly themed ‘Positioning Sri Lanka in the Global Economy,’ commenced last evening at the Cinnamon Grand. In the context of ...
Sri Lanka Ports, Trade and Logistics Conference kicks off By Cheranka Mendis Sri Lanka’s potential as a major maritime and shipping hub in the South Asian region was showcased yesterday at the launch of the two-day Sri Lanka Ports, Trade and Logistics Conference and Exhibition held at the Hilton, Colombo. While times are challenging for ...
President Mahinda Rajapaksa has instructed the relevant officials to call tenders for the construction of Northern Expressway before the end of this year. At the progress review meeting of Kandy District Development Committee held in the President’s House in Kandy, the President has informed that plans have already been drawn for the first phase of ...
Sri Lanka’s new development tagline Sri Lanka’s current development tagline has been to make it the ‘Emerging Wonder of Asia’ as originally enunciated in the ‘Mahinda Chinthana: Vision for the Future’ and reaffirmed in both the Development Policy Framework of the Government issued in 2010 and the Annual Report of the Ministry of Finance and ...
The President has instructed officials to launch the construction of the northern expressway without delay by concluding the tender procedures before the end of this year. President Mahinda Rajapaksa issued these instructions at a progress review meeting on Kandy district held at the President’s House in Kandy. The President called on the officials not to ...
Key insights to state of the economy and market and future prospects from NDB Stockbrokers’ latest Sri Lanka Equities report Uncertainty in the macro environment The robust economic growth and steep rise in global crude oil prices increased Sri Lanka’s import bill by 51% in 2011. As a result the trade deficit widened, putting the ...
The Royal Bank of Scotland Group’s Head of Rating Advisory Raymond Woo had recently called on Economic Development Minister Basil Rajapaksa. “Sri Lanka was able to control the impact of internal and external crisis successfully due to the efficiency of the political, economic and administrative management of President Mahinda Rajapaksa,” Minister had told Woo. Minister ...
In mid February, the Ceylon Electricity Board (CEB) informed consumers of their intention to revise their electricity charges from the following month. The March electricity bill issued to the consumer by the meter-reader was based on previous rate. The April bill based on revised rates with the addition of fuel surcharge for March was sure ...
The rupee yesterday gained at its best ever pace in recent months, a development which analysts and markets linked to remarks made by Treasury Secretary Dr. P.B. Jayasundera to media on Monday. The currency traded at Rs. 126 (up by over 3%) in the morning before closing at Rs. 127.80/128.70 a dollar, firmer as opposed ...
CB asks banks overnight for their forex commitments for Thursday and Friday; steps up bank visits Convenes meeting with treasury heads of banks; rupee crisis figures in monthly CB-bank CEOs meeting as well Dealers say no room for speculation given the very narrow net open positions; new rules apart from lack of dollars could be ...
With the recent relaxing of the rupee exchange rate and subsequent increase in fuel prices, trade unions and the opposition parties are conducting protest campaigns against the Government, demanding a reduction in oil prices and the cost of living. This article investigates the living conditions of citizens in the recent past and present, quality and ...
High cost of living and festive seasons go hand in hand and the upcoming New Year looks set to becoming a particularly difficult one. With the Central Bank downgrading the economic forecast from eight per cent to 7.2 per cent and a rapidly depreciating rupee adding to increasing imports, the month of April, when consumerism ...
SINGAPORE (Reuters): European banks will continue to reduce their lending in Asia, posing problems for companies in the region as local financial institutions lack the capacity to make up the shortfall, Singapore’s central bank chief warned on Wednesday. Asian firms, other than the bluest of blue chips, have seen a jump in their dollar borrowing ...
Tyranny of the international capital markets Dr. Indrajit Coomaraswamy, ex-Central Banker and International Civil Servant, did not mince words when he addressed the country’s exporters last week. The veteran economist, having made an assessment of the risks associated with Sri Lanka’s external sector crisis, warned that the country will have to grapple with “the tyranny ...
Sri Lanka’s weekly tea auction has seen small leaf teas fetching low prices and the highly priced tippy varieties going unsold, as Iran, the main buyer of those teas is struggling to access foreign exchange. “This could be attributed to Iran’s lack of access to foreign exchange and other sanction measures”, added John Keells tea brokers ...