Who Controls Sri Lanka’s Strategic Assets?
Sri Lanka needs foreign investment. After bankruptcy, depleted reserves and years of weak public finances, pretending otherwise would be economic…
Category: ECONOMY
Oil Tops US$100 a Barrel
The World May Feel the Shock. Sri Lanka Will Feel the Bill. The price of Brent crude oil has climbed…
CID Tells Parliament How $715 Million Was Illegally Transferred Overseas
Sri Lanka’s Criminal Investigation Department (CID) has told Parliament that an investigation into fraudulent import transactions has uncovered the illegal…
Production-led economy over mere IMF stabilization is a prerequisite for Sri Lanka.
Sri Lanka is not in stagflation now, but it is exposed to a stagflation-style risk if growth slows while imported inflation…
How Government suffered a loss of Rs 6 Billion because of NDB Fraud
The financial implications of the alleged irregularities at National Development Bank PLC (NDB) extend far beyond the institution itself. While the immediate…
Governor Nandalal Acknowledges Over-Optimism, Commits to IMF Path Despite Hardship
In a marked shift from earlier optimism, Central Bank Governor Nandalal Weerasinghe has adopted a more measured and pragmatic stance…
CB Governor asserts that deflation has positively impacted Sri Lanka rather than causing harm.
According to Central Bank Governor Nandalal Weerasinghe, Sri Lanka’s recent experience with low inflation and a brief period of deflation…
Fuel Crisis Returns – But Without the Queues
COLOMBO – NEWSLINE DESK Sri Lanka finds itself in a familiar crisis – but with a very different public response.…
Economic Volcano Warning: Remittances, Tourism at Risk
Beneath the surface – pressure builds. Warnings are growing that Sri Lanka’s fragile recovery may once again be under threat.…
Sri Lanka’s Recovery in Peril as Cyclone Fallout Meets Oil Shock
Sri Lanka’s fragile economic comeback is facing a brutal reality check. Just as the island began clawing its way out…