With worsening budget deficit, depreciating rupee, falling public revenue, and uncertain markets for exports, economic revival looks bleak during the term of this Government. Bold measures are needed not only to enhance Government revenue and hold public expenditure tight, but also to keep domestic consumers happy and satisfied – Pic…
The Central Bank, at its recent monthly monetary review meeting, decided to continue its accommodative monetary policy stance to boost economic growth while recognising the absence of demand-driven inflationary pressures.Accordingly, the Central Bank will maintain its Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) at their…
Among many factors affecting the development of the country adversely, one factor that has been constantly overlooked by both politicians and economists alike is the lack of wealth preservation and accumulation in the country. What is this wealth accumulation? Government constructions are also in dismal condition. They often do not…
Federation of Chamber of Commerce and Industry of Sri Lanka (FCCISL) hosted an interactive session with Ambassador Designate to China Dr. Palitha Kohona in Colombo recently. The event was organised by FCCISL Board Member Ruwan de Silva.FCCISL Senior Vice President Keerthi Gunawardane welcomed Dr. Palitha Kohona and conducted this event.Dr.…
Chinese President Xi Jinping has brought the Chinese economy to a new stage of development through pragmatic and innovative ways without deviating from fundamental Chinese characteristics During the past decades, several East Asian economies have experienced consistent high rates of economic growth while achieving unprecedented improvements in the standard of…
The COVID-19 pandemic has created new challenges for everyone but perhaps nowhere has that been more marked than in the engagement between the State and the public. Faced with increasing financial, social and mobility issues, the public, particularly low income people, are surviving this year in the midst of monumental…
With worsening budget deficit, depreciating rupee, falling public revenue, and uncertain markets for exports, economic revival looks bleak during the term of this Government. Bold measures are needed not only to enhance Government revenue and hold public expenditure tight, but also to keep domestic consumers happy and satisfied – Pic…
The Central Bank, at its recent monthly monetary review meeting, decided to continue its accommodative monetary policy stance to boost economic growth while recognising the absence of demand-driven inflationary pressures.Accordingly, the Central Bank will maintain its Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) at their…
Among many factors affecting the development of the country adversely, one factor that has been constantly overlooked by both politicians and economists alike is the lack of wealth preservation and accumulation in the country. What is this wealth accumulation? Government constructions are also in dismal condition. They often do not…
Chinese President Xi Jinping has brought the Chinese economy to a new stage of development through pragmatic and innovative ways without deviating from fundamental Chinese characteristics During the past decades, several East Asian economies have experienced consistent high rates of economic growth while achieving unprecedented improvements in the standard of…