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  • Crises in the Sri Lankan Economy: Need for National Planning and Political Stability

Crises in the Sri Lankan Economy: Need for National Planning and Political Stability

By Dr.Vagisha Gunasekara Summary Sri Lanka’s current economic quagmire is due to three overlapping economic crises: a meshing of another long drawn-out global capitalist bust phase (which commenced with the…

China Communications Construction Company Bags Two Lucrative Port Deals in Sri Lanka

Chinese-state owned China Communications Construction Company has secured two lucrative port deals at the deep-water East Container Terminal (ECT) of Port of Colombo as China made further inroads deep into…

Sri Lanka among four countries most vulnerable to an exchange rate crisis in the next 12 months – Nomura

Sri Lanka along with  Egypt, Romania, Turkey are vulnerable to an exchange rate crisis in the next 12 months, according to Nomura’s early warning indicator of exchange rate crises, Damocles.…

Sri Lanka Receives another $100M from Bangladesh Bank under the currency swap facility

(The Daily Star): Bangladesh Bank has lent $100 million more to Sri Lanka to help the island nation stay afloat tackling a foreign exchange crisis. The fund was transferred from…

Mahinda Samarasinghe to assume duties as the new Sri Lanka’s Ambassador to the United States and Mexico on 29th of November

Former Sri Lanka Podujana Peramuna (SLPP) Kalutara District parliamentarian and Former Minister Mahinda Samarasinghe is scheduled to take up the post of Ambassador of Sri Lanka to the United States…

Stax Secures strategic investment from US-based Blue Point Capital Partners

Stax Inc, an analytically-driven global M&A strategy consulting firm management consultancy with offices in Sri Lanka and the United States secured a strategic investment from a US-based private equity firm, Blue…

First Capital, Vallibel Power, and Laxapana Batteries emerges as the strongest dividend-paying Sri Lankan stocks

First Capital Holdings has emerged as the strongest dividend yield stock among listed entities on Colombo Stock Exchange (CSE) for the one-year period ending on the 30th of June this…

Approval for the appointment of 08 Secretaries to Ministries granted by the Committee on High Posts

The appointment of 08 Secretaries to Ministries has been approved by the Committee on High Posts. General (Retd.) Kamal Gunaratne, Secretary to the Ministry of Defense was among the Secretaries…

USAID Launches Fresh 5-year, $19m Initiative to Support Sri Lanka’s renewable energy Ambitions

 The United States Agency for International Development (USAID) announced its new $19 million, 5-year Sri Lanka Energy Program recently. Once finalized, this grant will support the Government of Sri Lanka’s…

Inaugural LANKA COFFEE ASSOCIATION Aims to Restore Ceylon Coffee Brand

Sri Lanka was once the third-largest producer of coffee in the world. Devastatingly, the coffee leaf rust disease wiped out the country’s plantations in the 1860s and exports have remained…