Category: Special Reports

A top World Bank official said the challenge facing the government after the tsunami is to prioritize investment needs.A top World Bank official said the challenge facing the government after the tsunami is to prioritize investment needs. Mohamed Muhsin, a Vice President of the World Bank also said momentum and results of post tsunami reconstruction […]

The Chairman of a “big four” accounting firm says Sri Lanka will have to move away from self regulation of the accounting and auditing profession like in the US and Europe. The Chairman of a “big four” accounting firm says Sri Lanka will have to move away from self regulation of the accounting and auditing […]

Traders at Hikkaduwa protest the 100-metre buffer zone that is preventing them from rebuilding their damaged shops. The entire Hikkaduwa town is within the 100 metre zone. – AFP Sri Lankans are adept at reading the future – they see what’s coming, but sadly, being stuck on an island, have little room to run. Traders […]

Government hiked charges for pipe-borne water last month as part of a string of subsidy reversals. Government hiked charges for pipe-borne water last month as part of a string of subsidy reversals. However pipe borne water accounts for a fraction of the water consumed in Sri Lanka. Subsidies continue for most of the other water […]

A top Emirates Airline executive says traffic to Sri Lanka is picking up after the December tsunami but the country and industry still face many challenges. A top Emirates Airline executive says traffic to Sri Lanka is picking up after the December tsunami but the country and industry still face many challenges. rates owns an […]

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People affected by the tsunami are still living in tents even after two and a half months after the deadly waves hit the coastline. People affected by the tsunami are still living in tents even after two and a half months after the deadly waves hit the coastline. If authorities don’t put in place a […]

Guest Columnist Harsha de Silva PhD debunks Treasury Secretary’s recent remarks to put the breaks on policy interest rates at the expense of short changing poor savers. Guest Columnist Harsha de Silva PhD debunks Treasury Secretary’s recent remarks to put the breaks on policy interest rates at the expense of short changing poor savers. How […]

Electricity prices could go up further if the CEB is unbundled and an independent regulator takes over pricing. Electricity prices could go up further if the CEB is unbundled and an independent regulator takes over pricing. But experts say there is little choice but to bite the bullet as the CEB, being used to channel […]

Government announced a third re-capitalization of People’s Bank costing taxpayers a mammoth Rs.8 .5 billion. Government announced a third re-capitalization of People’s Bank costing taxpayers a mammoth Rs.8 .5 billion. Currently, People’s Bank is the only large bank not meeting Central Bank’s minimum capital limits. The government re-capitalisation drive will require People’s Bank to pay […]

Farmers have increased area planted with GM crops by over 50 times in last decade. Farmers have increased area planted with GM crops by over 50 times in last decade. But there are no studies on the long-term effects of eating GM food or the effects those crops can have on the environment. Many imported […]

The IMF outgoing resident representative Jeremy Carter says Sri Lanka’s macro economic challenges are little changed from a decade ago when he started to analyze the Lankan economy.The IMF outgoing resident representative Jeremy Carter says Sri Lanka’s macro economic challenges are little changed from a decade ago when he started to analyze the Lankan economy. […]