While centre driven and managed high level economic changes, both structural and financial, are necessary, an assumption that the benefits of such changes will flow to the periphery through a trickledown theory
The ports-to-power conglomerate Gautam Adani’s business is “deeply overleveraged,” as the organisation is heavily investing across existing as well as new businesses, profusely funded with debt, CreditSights, a Fitch Group unit, said
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The Government has launched a devastating assault on working people across the rural and urban divide. The increase of the kerosene price from Rs. 87 to Rs. 340 a litre—or roughly quadrupling
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Sri Lanka will ask Japan to invite the Indian Ocean island’s main creditor nations, including China and India, to talks on bilateral debt restructuring, as it seeks a way out of its
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In the 74 years since our independence, Sri Lanka has achieved much in terms of human development, despite lingering human rights issues and gaps in democratic governance. Yet we have been economically
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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
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Despite the operational challenges stemming from forex crisis, inflation and higher global oil prices, Lanka IOC PLC reported robust performance for the quarter ended June 30, 2022 (1Q23) with significant growth in
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The Ceylon Chamber of Commerce welcomes the call by President Ranil Wickremesinghe to initiate the formation of an All-Party Government, as a concerted and united effort is necessary to address the current
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A tragedy is unfolding in Sri Lanka. Citizens must queue for food and pharmaceuticals, vehicle owners cannot fill their tanks, and there have been rolling power outages. The economy is paralyzed, and
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Joint Chambers welcome the announcements made by the President that he will resign on the 13th of July respecting the wishes of the citizens and the Prime Minister’s willingness to resign once
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