Category: Watch Tower
Opinion: Stagflation in Sri Lanka? Risks and Policy Responses
The world economy is showing signs of a serious slowdown due to overlapping crises including the Russia-Ukraine War, the COVID-19 pandemic, China’s real estate crisis and the global tightening of monetary policy. In June, the World Bank revised the 2022 growth prediction downward to 2.9% from its January forecast of 4.1%. The slowdown has come […]
Opinion: Fixing the Sri Lankan Economy
By M. Rizwan Muzzammil: Introduction The Sri Lankan economy is significantly weakened and at risk of catastrophic collapse. There is a need for the government to boost entrepreneurship and production. In order to do this the following two important hurdles to businesses must be addressed. The difficulties posed by these hurdles has caused an adverse […]
Sri Lanka’s Runaway Inflation and the Limits of Monetary Policy
By Dr Dushni Weerakoon: The bad news on inflation keeps coming. As of June 2022, year-on-year (YOY) inflation nationally is estimated at an all-time high of 59%. Annual inflation is lagging significantly behind at around 21%, indicative of the speed at which price inflation has been spiralling in recent months. This is in sharp contrast to Sri Lanka’s previous bout of high inflation in 2008 […]
Sri Lanka’s Deepening Economic Crisis: The Plight of the Poor
By Lakshila Wanigasinghe: Empty supermarket shelves, endless queues to buy essentials and overnight camping around fuel stations are now regular sights in Sri Lanka. As the economy continues to plummet with no viable short-term solutions in sight, levels of frustration among the citizens continue to rise. The country’s worst economic crisis since independence has battered […]
Transforming Tourism: Revitalizing Sri Lanka’s Tourism to be a Resilient & Inclusive Industry
A serene mist envelope an ocean of luscious greenery and hills, deep in the depths of a stillness that is synonymous with the Sri Lanka’s highlands. About 180 kilometers away from the hustle of the capital city Colombo, so lies Riverston, part of the Knuckles Mountain Range—a popular nature trail and hike among the island’s […]
Sri Lanka’s Food Crisis: What is the Role of Imports?
By Dr. Asanka Wijesinghe and Chathurrdhika Yogarajah: Food security has become a pressing concern for many Sri Lankans amidst a deepening domestic economic crisis, drastic loss of rice production, and post-Ukraine crisis commodity price surge in the world market. International organisations have started humanitarian programmes targeting the country’s most vulnerable citizens, while policymakers are pushing […]
‘s economic crisis
June 13, 2022 (LBO) – Sri Lanka is in the eye of its worst ever economic storm. It appears that with regard to every aspect of the economy, things are coming undone. Whether it be food, fuel, power, tax revenue, foreign reserves, inflation or even law and order, when looked at in aggregate the crisis […]
3AxisLabs another welcome entrant to Jaffna’s IT ecosystem
By Jekhan Aruliah The Yarl Geek Challenge (YGC), run by the Yarl IT Hub, has been a launch pad for hundreds of IT careers, and for a number of successful companies. What YGC showcases is not the products brought by the teams, YGC showcases the people the teams are made up of. Often the YGC’s […]
Opinion: Entrepreneurship is Key to Improving Economy
By M. Rizwan Muzzammil Why Economics? It is a reality of life that all resources, be it land, labour, or capital, are scarce. This is why economizing is necessary. In Sri Lanka, the shortage of goods and services is in fact indicative of a general shortage of resources in the economy. To address this problem […]
Opinion: Debunking the great misconceptions of marketing
By Thanzyl Thajudeen For long, marketing has been narrowly misunderstood with numerous other terms. And the sole responsibility for this lies in the hand of marketers such as ourselves. This is because we haven’t really taken a bigger stance on putting our efforts in advocating or addressing the many false ideologies or misconceptions held by […]
Private Tutoring Amidst Sri Lanka’s Economic Crisis: Issues Faced by Students
By Usha Perera Sri Lanka’s education sector, still reeling from the effects of the COVID-19 pandemic, now faces acute challenges due to the current political and economic crises. The sudden imposition of curfews and the lack of transportation have resulted in school closures and students being deprived of structured and systematic in-school education. In Sri […]
‘s economic panorama: Today is yesterday’s tomorrow. Are we too late?
By Gayan Gunewardana Once a flourishing island, Sri Lanka now faces its worst economic crisis since gaining independence in 1948. The article covers the prospect of buildup, current status, and preferred loan term strategies to overcome the issues. The fundamental challenge is that the country relies heavily on importing essential items, including petrol, food items, […]