View(s): The inability to achieve a high trajectory of sustained economic growth has been a serious concern. The country appears to be destined to achieve only its ‘autonomous’ rate of growth of 4 to 5 percent in the foreseeable future. The inability of the economy to take off into sustained high growth has been a feature of the 70 post-independent years. The average annual … [Read more...] about Sustained economic development undermined by political factors
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Sri Lanka players protest after umpires query ball
ECONOMYNEXT - Sri Lanka's cricket team refused to play after coming to the field on third day of the second Test match against West Indies in St. Lucia after umpires demanded a new ball. Live coverage showed Captain Dinesh Chandimal, on site management in discussions with match referee Javagal Srinath, as the Sri Lanka team stayed at the edge of the boundary line inside … [Read more...] about Sri Lanka players protest after umpires query ball
Sri Lanka to remove VAT from hospital bills
ECONOMYNEXT - Sri Lanka will remove value added tax from hospital bills from next week, Finance Minister Mangala Samaraweera said in the wake of calls by President Maithripala Sirisena also to lift the tax. Sri Lanka slammed a 15 value added tax on hospital bills while threatening price controls on private hospital bills. The administration has also depreciated the rupee … [Read more...] about Sri Lanka to remove VAT from hospital bills
Sri Lanka and Asian capitalism under spotlight at Colombo forum
ECONOMYNEXT - Capitalism in Asia and its implications for Sri Lanka amid changing global order where the United States appears of the retreat and China is coming forward, will be under a spotlight in Colombo on June 19. Razeen Sally, Associate Professor at the Lee Kuan Yew School of Public Policy at the National University of Singapore will speak in Colombo at a forum … [Read more...] about Sri Lanka and Asian capitalism under spotlight at Colombo forum
Sri Lanka and Asian capitalism under spotlight in Colombo this week
ECONOMYNEXT - Capitalism in Asia and its implications for Sri Lanka amid changing global order where the United States appears of the retreat and China is coming forward, will be under a spotlight in Colombo on June 19. Razeen Sally, Associate Professor at the Lee Kuan Yew School of Public Policy at the National University of Singapore will speak in Colombo at a forum … [Read more...] about Sri Lanka and Asian capitalism under spotlight in Colombo this week
Will Pakistan’s “Belt and Road” Dream Turn into a Nightmare?
Gwadar Port (file image) By The Lowy Interpreter 2018-06-15 10:39:17 [By David Brewster]China’s infrastructure investments as part of its Belt and Road Initiative (BRI) have the … [Read more...] about Will Pakistan’s “Belt and Road” Dream Turn into a Nightmare?
Magic Mantra eyes Rs 50 cr turnover by next year
Hyderabad, Jun 15 (UNI) Hyderabad-headquartered Magic Mantra, an event management companyfrom Research Media Group (RMG), on Friday announced that it had set a target of Rs 50 crores turnover by next year.We have already achieved Rs 25 crore turnover in 2017-18 and with its maiden entry into International markets like Malaysia, Sri Lanka , South Asian, American states and … [Read more...] about Magic Mantra eyes Rs 50 cr turnover by next year
Merged Japanese shipping line ONE starts Sri Lanka calls
ECONOMYNEXT - Ocean Network Express (ONE), a Japan-based shipping line, has begun calling at Sri Lanka's Colombo, port.Sri Lanka Ports Authority said MV Honolulu Bridge, had called at Colombo's Jaye container terminal. ONE is the result of the merger of NYK, MOL and K Line. It has become the sixth largest carrier in the world, with 230 containerships and 1.44 million … [Read more...] about Merged Japanese shipping line ONE starts Sri Lanka calls
Sri Lanka to heavily tax both ends of consumer digestive tract
ECONOMYNEXT - Sri Lanka's President Maithripala Sirisena had called for higher taxes on imported fruits to make it difficult for less affluent people to eat them, soon after businessmen lobbied to raise taxes on toilets, hitting consumers at both ends of the digestive tract. President Maithripala Sirisena, addressing a crowd at Thalawila, an agricultural area, had promised … [Read more...] about Sri Lanka to heavily tax both ends of consumer digestive tract
Over 100, 000 new job openings in hospitality sector, says Tourism Minister – Daily Mirror
New investments in hotel sector amounts to US $ 2.8bn Addition of nearly 17,000 star-class rooms in next 3 years New investments in the hotel sector amounting to US $ 2.8 billion will require thousands of newly trained workers in the next couple of years. This was revealed by Minister of Tourism Development and Christian Religious Affairs, John Amaratunga at the 39th … [Read more...] about Over 100, 000 new job openings in hospitality sector, says Tourism Minister – Daily Mirror
