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Business - Page 2

September 4, 2022
Business

Sri Lanka: Is Colombo Port City Decaying?

Plots of land in the Colombo Port City have been allocated for foreign investors, but it is reported that only six plots have been acquired by the investors so far. “74 plots

Business

The historical depreciation of the Sri Lankan rupee

Is the recent rapid depreciation of the Sri Lanka Rupee (LKR) against the US$ unexpected or a result of foreign exchange policies adopted by the Central Bank of Sri Lanka (CBSL) since 2005 to keep the depreciation at a rate

August 7, 2022

Sri Lanka: Unbearable Kerosene Attack

Business/Human Rights

The Government has launched a devastating assault on working people across the rural and urban divide. The increase of the kerosene price from Rs.

Sri Lanka: Diagnosis of An Economic Disaster

Business

In the 74 years since our independence, Sri Lanka has achieved much in terms of human development, despite lingering human rights issues and gaps

New canal project expected to deepen China-ASEAN trade ties

August 31, 2023
Business/News

The tranquility of the serene hillside in Qinzhou, nestled in south China’s Guangxi Zhuang Autonomous Region, has been replaced by the persistent reverberations of dredgers, excavators, and dump trucks, serving as a

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Domestic Debt Restructuring in Sri Lanka: Forcing the poor to pay the debt of the rich

August 31, 2023
Business

To Members of the Executive Board of the International Monetary Fund, The IMF programme in Sri Lanka is devastating the common people of Sri Lanka, especially the most vulnerable and marginalised among them.

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Central Banks Engage in Unprecedented Gold-Buying Spree: Is the Great Reset on the Horizon?

August 25, 2023
Business

In an unprecedented and remarkable global shift that has piqued the interest of financial experts and analysts around the world, central banks from various nations are engaging in an astonishing gold-buying frenzy.

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Debt restructuring, austerity and the IMF: a panacea or an exacerbation? — Part 5  

August 24, 2023
Business

Link to part 4 The IMF program in Lanka and its implications The IMF agreement with Sri Lanka emphasises fiscal consolidation, which requires the government to achieve a budget surplus within two

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India imposes 40 pct duty on onion exports

August 21, 2023
Business/News

Indian government on Saturday imposed a 40 percent duty on the export of onions. The order was issued by the federal finance ministry with the aim to check the price rise and

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Debt restructuring, austerity and the IMF: a panacea or an exacerbation? — Part 4

August 21, 2023
Business

Link to part 3 National debt and human rights The implication of debt on human rights is also of significant concern. Many countries in the world are either already in a debt

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How world’s largest economy has catalyzed global economic turmoil

August 19, 2023
Business

Just a week after Moody’s slashed the credit ratings of 10 small and medium-sized American banks and indicated the possibility of downgrading the credit ratings of some large U.S. banks, the U.S.

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Sri Lankan expert cultivates mushroom passion in Yunnan

August 18, 2023
Diplomacy/News

(Xinhua) — Surrounded by a sprawling forested expanse at Qujing Normal University in southwest China’s Yunnan Province, Samantha Chandranath Karunarathna, accompanied by his group of research students, crouched to gather wild mushrooms.

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Fitch warns it may have to downgrade dozens of U.S. banks

August 17, 2023
Business/News

Fitch Ratings warned on Tuesday that dozens of U.S. banks, including JPMorgan, the largest bank in the country, could be at risk of sweeping rating downgrades. Fitch lowered its “operating environment” rating

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China-Mongolia border port sees surging trade volume

August 12, 2023
China/News

(Xinhua) — Erenhot, the largest land port on the China-Mongolia border, registered surging import and export cargo volume in the first seven months this year, said local customs. The port in north

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The Sri Lanka Guardian is an online newspaper founded in August 2007 by a group of concerned Sri Lankan citizens including journalists, activists, academics and retired civil servants. Sri Lanka Guardian has registered as an online newspaper in the Government of Sri Lanka. This portal is currently a platform for over a hundred regular writers from around the world. We are an independent and nonprofit. Email : editor@slguardian.org
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