By Zahid Hussain IMRAN Khan’s latest change of tack has caught his opponents by surprise. For months, the federal government had braced itself for a siege, and was reinforcing security around the capital. But the PTI’s decision to call off the march and dissolve the Punjab and Khyber Pakhtunkhwa assemblies has changed the entire scenario.It […]

2022 has seen the most dramatic uprising of people against the government’s tyrannical rule since independence. Amidst a devastating economic crisis, the people raised their voices against corruption, misrule and economic mismanagement, demanding greater democracy. Instead of heeding the people’s call for change in the political culture and economic accountability, the government has responded wit...

By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]

Bankrupt Sri Lanka is caught up in a China-US battle. The situation has been further complicated by India, Japan and Australia becoming part of the US-led military alliance meant to counter China. The US-led grouping is hell-bent on enhancing its influence in Colombo as both parties woo lawmakers. Recent declaration by the ruling party that […]

By SHIHAR ANEEZ Leaving his family and relatives was the hardest decision for Suren. But he had no other option.He never wanted to go abroad for work. An accountant by profession, Suren even had the opportunity to be promoted for a higher post at the private firm he was working at in Colombo. But he was […]

Leaving his family and relatives was the hardest decision for Suren. But he had no other option.The post Sri Lankans migrate, work over time, eat less to beat inflation appeared first on EconomyNext.

Bangladesh has stated that it would be hopeful Sri Lanka could pay back the $200 million debt that it owes to the country by March 2023, said a news report published by BD News 24, an English and Bengali language news website of Bangladesh. The report said: Abdur Rouf Talukder, Governor of Bangladesh Bank, provided […]

Effective income taxes for some categories have been raised to around 29% from 8% earlier - analysts

Sri Lanka tourism is yet to see large foreign visitors after political crisis ended.

Sri Lanka sees toughest UNHRC resolution after continuous failure to address human rights

September tourist arrivals have plunged to lowest in 11 months.

By Norman Palihawadane Colombo Archbishop Malcolm Cardinal Ranjith has warned that the prevailing economic crisis and increasing unemployment and food prices are accelerating malnutrition among hundred thousands of families countrywide. Addressing a ceremony at the annual get-together of the Archdiocesan Family Apostolate Service held at St Peter’s College Auditorium in Colombo, the Archbishop sai...

Crisis-hit Sri Lanka is desperately looking for tourism earning to finance its imports

Investor sentiment has turned buoyant after IMF comments

By Akitha Pereras The government had acted irresponsibly by increasing the number of ministers while country was undergoing an unprecedented economic crisis, Samagi Jana Balavegaya (SJB) national organizer Tissa Attanayake said, addressing the media in Colombo.Attanayake said that for the first time the United Nations Human Rights Council (UNHRC) was looking into economic crimes in […]

Shares have been on the rise mainly on positive sentiment after the IMF comments.

Market sees over 600 million rupees of net foreign inflow

Market saw net foreign inflow for the 18th session in the last 21.

The program aims to provide fertilisers up to 1 million farmers