Thursday August 20, 2020 11:03:36 ECONOMYNEXT – Sri Lanka rupee was quoted weaker at 186.90/187.20 against the US dollar on Thursday while bond yields were up in active market trade, dealers said. The rupee closed at 185.90/186.30 to … [Read more...] about Sri Lanka rupee quoted weaker, gilt yields up
Blog
Cabinet gets wheels turning for 20A
Cabinet spokesman Keheliya Rambukwella and co-Cabinet spokesman Udaya Gammanpila speak to reporters after the inaugural Cabinet meeting yesterday – Pic by Shehan Gunasekera Inaugural Cabinet meeting approves sub-committee to formulate 20A, review all Cabinet documents on constitutional change New amendment to repeal 19A but retain key points including two-term limit and … [Read more...] about Cabinet gets wheels turning for 20A
SriLankan Airlines to play key role as Sri Lanka restarts tourism
Once Sri Lanka reopens its borders for travellers, tourism is expected to be one of the primary economic drivers and the National Carrier, SriLankan Airlines, is expected to play a pivotal role in the country’s economic recovery. Fully owned and backed by the Government of Sri Lanka, the Airline was forced to suspend scheduled services in early April as Sri Lanka took a tough … [Read more...] about SriLankan Airlines to play key role as Sri Lanka restarts tourism
President orders road development in Sinharaja protected zone to be stopped
Wednesday August 19, 2020 10:42:37 ILLEGAL CONSTRUCTION – Environmentalists protest against road being built inside the Sinharaja Forest/Rainforest Protectors … [Read more...] about President orders road development in Sinharaja protected zone to be stopped
President kick-starts effort to build people-centric economy
Meets batik, handloom, local garment manufacturers Explains scope of State Ministries Discusses strategy to uplift batik industry President Gotabaya Rajapaksa yesterday kicked off the effort towards building a people-centric economy by harnessing local industries and entrepreneurs. State Minister of Batik, Handloom, Textiles and Local Apparel Production Dayasiri … [Read more...] about President kick-starts effort to build people-centric economy
The role of the apparel industry to ‘restart Sri Lanka’
Dian Gomes The entire industrial economy took a huge hit with the COVID-19 pandemic. The apparel industry, the largest foreign exchange generator for Sri Lanka, which contributes $ 5 billion in exports, the second largest contributor to the national GDP and largest overall employer, fell victim to its detrimental impact. While the whole country and the world watched, this … [Read more...] about The role of the apparel industry to ‘restart Sri Lanka’
It is time to diversify our diets and food systems
I am thoroughly enjoying a novel with the unusual title The Tea Girl of Hummingbird Lane, by Lisa See.The novel is set in the Yunnan province of China and is a story of the Akha people, a Chinese ethnic minority. Before I decided to read it, I noticed some negative reviews about the amount of "tea discussion" and thought "great this looks like a book for me" — and it is, … [Read more...] about It is time to diversify our diets and food systems
President kick starts building a people-centric economy
President Gotabaya Rajapaksa stated that the structures of the State Ministries were formulated with the intention of building a people centric national economy, in which the people of Sri Lanka would be stakeholders.President made this comment commencing the elucidation of the scopes of the State Ministries at the Presidential Secretariat yesterday (August 17).He explained the … [Read more...] about President kick starts building a people-centric economy
Sri Lanka rupee opens stronger, bond yields ease on short tenures
Tuesday August 18, 2020 10:21:33 ECONOMYNEXT – Sri Lanka rupee was quoted stronger at 183.65/75 against the US dollar on Tuesday in the spot market while bond yields were down marginally, especially short tenures, dealers said. The rupee closed at 183.75/90 to the greenback on Monday. In the … [Read more...] about Sri Lanka rupee opens stronger, bond yields ease on short tenures
People powerless | Daily FT
Heavy traffic was visible along several roads in Colombo yesterday as a result of the islandwide power failure. Traffic was visible as the signal lights in the streets went out of order with the power interruption – Pic by Kushan Pathiraja Countrywide power failure cripples households, biz, halts traffic and suspends water supply CEB says failure due to technical issue … [Read more...] about People powerless | Daily FT
