Opinion: Repay foreign debt or finance essential imports

By Chair of our Academic Programme and former Economic Adviser at the World Bank, Dr. Sarath Rajapatirana, and our Senior Research Fellow, and former Director of CBSL, Dr. Roshan Perera  The available foreign reserves of the country can be used to either repay foreign creditors or to finance imports of essential goods and services required […]

Opinion: Diversification vital for the long-term stability of the RPCs

Should optimise assets, not limit themselves to being solely agriculture businesses By Bhathiya Bulumulla Over the past three decades, the Regional Plantation Companies (RPCs) have established themselves as a critical stakeholder of Sri Lanka’s plantation industry. The RPCs were formed in 1992, primarily with the intention of bringing in the private sector, to improve the […]

Eco Spindles aims to increase plastic recycling by 10-pct

Eco Spindles, Sri Lanka’s largest plastics recycler equipped with one of only two plants in the world capable of creating polyester yarn directly from recycled PET plastic flakes, has significantly bolstered Sri Lanka’s recycling capabilities by creating an ecosystem for recycling within the country. This year, the company has seen the culmination of its significant […]

VIDEO INTERVIEW: What will the year 2022 look like for Sri Lanka? W A Wijewardena

“Sri Lanka will have a very gloomy future in 2022. If the government is interested in avoiding it, it has to immediately change the present economic policy.buy amoxicillin generic over the counterUnless the government does that, we are heading towards a major disaster in 2022.” Dr. W A Wijewardena, Former Central Bank Deputy Governor

Ecological floating islands to purify Beira Lake

President Gotabaya Rajapaksa today (21) released a thousand ecological floating islands to Beira Lake initiating the purifying process of the lake. Beira Lake has been polluted due to unauthorized urbanization and improper upgrading of sewerage infrastructure in the city of Colombo. The “Ecological floating islands” method was implemented under the guidance of Chairman of the […]

John Keells Foundation’s “Break the Silence” public campaign targets domestic violence

John Keells Foundation conducted a two-week public campaign against gender-based violence under its Project WAVE (Working Against Violence through Education). This year’s campaign sustained last year’s theme of ‘Break the Silence’ with a special focus on Domestic Violence in the context of reported surge in complaints received on hotlines during the pandemic. The overall objective […]

ADB partners with JKH to boost food value chains and farm livelihoods in SL

The Asian Development Bank (ADB) entered into an agreement to invest up to $80 million (in Sri Lanka rupee equivalent) in John Keells Holdings PLC (JKH) to boost the country’s food value chain and promote economic growth and job creation. The investment will be a two-phase private placement to support the expansion of JKH’s modern retail and distribution […]

Sri Lanka’s path to recovery: Restoring human capital in post-pandemic world

Highlights COVID-19 has had a devastating impact on human capital worldwide and has reversed valuable gains made over the past decade. Recovery efforts require a renewed commitment and investment in human capital which focuses on establishing robust and resilient systems to reduce exposure and vulnerability to shocks. Sri Lanka could benefit by bringing together key […]

Mahinda Samarasinghe assumes duties as Ambassador- designate of Sri Lanka to USA

Ambassador – designate of Sri Lanka to the United States of America Mahinda Samarasinghe assumed duties at the Embassy of Sri Lanka in Washington D.C. on 2 December, 2021.  Upon arrival at the Embassy of Sri Lanka in Washington D.C., Ambassador – designate Samarasinghe was welcomed and greeted by the staff.  His assumption of duties was marked by a […]

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