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A revolt that could turn into a revolution
Without a new social contract, there could be unrestrained conflict with the working people in Sri Lanka
Finance Ministry prunes ministries and department spending
In a fresh fiscal policy stance of austerity measures, the Finance Ministry has cut down non-essential capital expenditure in ministries, departments and state institutions in a bid to save money during this economic crisis, a Ministry circular revealed.
SOEs face fresh operational and financial challenges amidst political turmoil
Sri Lanka’s State Owned Enterprises (SOEs) are encountering significant operational and financial challenges for its survival in unprecedented political turmoil amidst the weakest state of the economy at present, recent report of the Finance Ministry revealed.
Sri Lanka’s tea farmers struggling to survive
Leaves from the lush green tea estates covering the hills of central Sri Lanka end up in cups across the world.
Collateral damage: China, Sri Lanka and a developing debt crisis
There is nothing new about nations collapsing under the weight of their debts. But Sri Lanka’s awful predicament highlights three new aspects of our world.