BILATERAL TIES: Sri Lanka’s current Prime Minister Mahinda Rajapaksa with then China Foreign Minister Yang Jiechi at an earlier meeting.ECONOMYNEXT – Sri Lanka remains non-aligned in her foreign policy and has not given priority to China, but any decisions regarding bilateral investments will be based on … [Read more...] about Sri Lanka not prioritising China; economic considerations will figure in investment decisions
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Towards an Integrated ‘Blue Economy’ Framework in the Bay of Bengal
The Blue Economy (BE) is a resonant theme among Bay of Bengal states. Despite recent efforts by governments in the region to promote blue growth, however, there is yet no comprehensive, region-wide agenda for marine governance. This brief looks at ways in which Bay states can harmonise their BE approaches to develop an integrated strategy. By collectively investing in … [Read more...] about Towards an Integrated ‘Blue Economy’ Framework in the Bay of Bengal
Exports remain resilient; top $ 1 b in Sept.
EDB Chairman Prabhash Subasinghe Latest achievement reflects 5% growth from a year earlier Exports value over $ 900 m past 4 consecutive months EDB Chief salutes export community for remarkable performance Export earnings in first 9 months drop by 16.58% to $ 7.4 b EDB says 72.4% of recently revised $ 13.39 b 2020 export target achieved Expresses concerns on recent … [Read more...] about Exports remain resilient; top $ 1 b in Sept.
Sri Lanka state company to own, finance expressways
Tuesday October 13, 2020 12:52ECONOMYNEXT – Sri Lanka will set up a state-run company to own and self-finance expressways which may require financing of around 0.5 to 1 percent of gross domestic product, the state information office said. The Cabinet had … [Read more...] about Sri Lanka state company to own, finance expressways
Sri Lanka exports up 5.6-pct to one billion dollars in September 2020, UK up 38-pct
Tuesday October 13, 2020 11:49ECONOMYNEXT – Sri Lanka’s exports have grown 5.6 percent from a year earlier to 1.001.27 million dollars in September 2020, with exports to Europe growing 20 percent, and CIS countries 19.5 percent and Africa 56 percent, the Export … [Read more...] about Sri Lanka exports up 5.6-pct to one billion dollars in September 2020, UK up 38-pct
Daily Mirror – Higher tax revenue likely to be crucial rating driver over next few years: Moody’s
Acknowledges that revenue raising amid pandemic’s effects remains challenging But says constraints to cut spending make a more compelling case for bolstering revenues Says Sri Lanka among those who already struggled to raise tax intake before pandemic Data shows Sri Lanka’s tax revenues on the up with Aug. revenues nearly at 2019 levels The pandemic-induced … [Read more...] about Daily Mirror – Higher tax revenue likely to be crucial rating driver over next few years: Moody’s
Sri Lanka to activate anti-dumping laws from October 10 amid import controls
ECONOMYNEXT – Sri Lanka will enforce anti-dumping laws from October 10, a state gazette notice said, tightening the grip of businesses over consumers amid protectionism and import controls. “In terms of powers vested in me under Section 01 of the Anti-Dumping and Countervailing Duties Act, No. 2 of 2018, it ishereby ordered that the provisions of all Sections of the aforesaid … [Read more...] about Sri Lanka to activate anti-dumping laws from October 10 amid import controls
Any port in a storm
They want Sri Lanka to break free from what they call the Chinese debt trap. They are ... No other nation is responsible for Sri Lanka's predicament. Its economy had been in bad shape even before being hit by COVID-19 owing to its ...Source link … [Read more...] about Any port in a storm
Govt. should keep all debt funding options open: Eran
Warns Govt. revenue and reserves in decline Concerned of deepening economic crisis Says prudent for Govt. to keep all funding options open, especially given 2021 debt dynamics Points out economy, foreign policy and national security inter-linked By Asiri FernandoSamagi Jana Balwegaya (SJB) parliamentarian and former State Minister for Finance Eran Wickramaratne, yesterday … [Read more...] about Govt. should keep all debt funding options open: Eran
Pandemics and Disruptions: Reviving Sri Lanka’s economy beyond COVID-19
by Institute of Policy StudiesAs Sri Lanka’s recent surge in coronavirus (COVID-19) infections shows, there is still no end in sight to the disruptive effects of the virus. Robust policies to deal with the related economic uncertainties can help to contain the fallout without major run long costs for the Sri Lankan economy. These involve short-term emergency actions and more … [Read more...] about Pandemics and Disruptions: Reviving Sri Lanka’s economy beyond COVID-19
