Tag: Business

Browse our exclusive articles!

USA, India, Australia and Japan take the lead to defuse  SL economic blast

BUSINESS Radi Radi -
'Quadrilateral Security Dialogue (QSD), the Quad  an informal strategic forum comprising four nations, namely -- United States of America (USA), India, Australia and Japan  has stepped in to prevent the impending economic explosion in Sri Lanka.

World Bank  predicts SL economic growth  to shrink by 7.8 percent  in 2022

BUSINESS Radi Radi -
The World Bank (WB) expects Sri Lanka’s economy to shrink by 7.8 percent in the year 2022, a grim outlook, due to the country battling with severe shortages in electricity, food and fuel.

Sri Lanka apparel sector fails to hit US $ 6 billion export target

BUSINESS Radi Radi -
The export earnings in Sri Lanka’s clothing sector for the June to August period are set to fall by 20-25 percent, with the sector likely to miss the US $ 6 billion export target for the year, as the country’s political and economic crisis continues unabated.

Three state food security committees to handle lanka food crisis 

BUSINESS Radi Radi -
With little remaining domestic food reserves and currency, coupled with record-high prices for fertilizer and food triggered by man made agriculture disaster , Sri Lanka seems to have run out of options for food security.

IMF team visits Sri Lanka  Monday20 to  negotiate economic program

BUSINESS Radi Radi -
An International Monetary Fund (IMF) team will be  visiting  Sri Lanka on June 20-30  to continue discussions  on an economic programme till the end of this month.
1234Page 1 of 4

Popular

Foreign Bond Sell-Off Exposes Sri Lanka’s Fragile Rupee Stability

News 0
Foreign investors have resumed selling Sri Lanka’s rupee-denominated government...

NPP’s Reform Promise Collides with Sweeping New Detention Powers

News 0
Sri Lanka’s proposed Prevention of Organised Crimes Bill has...

Japan’s Rs. 600 Million River Project Faces Sri Lanka’s Pollution Accountability Test

News 0
Japan’s commitment of more than Rs. 600 million to...

Vasu Calls for Substantial Public Relief in Budget 2027

News 0
Former Minister Vasudeva Nanayakkara has urged the Government to provide substantial financial relief to the public through the 2027 Budget, warning that failure to address the economic hardships faced by ordinary people could trigger growing public dissatisfaction and stronger political criticism. He said the Government must prioritise meaningful financial assistance, tax reductions and stronger social safety nets in the upcoming budget to ease the burden on households. Nanayakkara warned that public anger towards the Government could increase significantly if adequate relief was not provided, noting that people were already facing severe economic difficulties. He also observed that public expectations for Budget 2027 were particularly high, especially regarding measures to ease inflationary pressures, revise taxes and strengthen social welfare assistance. Commenting on the political climate, the former minister said there was currently no significant active opposition to the Government among ordinary people. He cautioned, however, that the absence of strong public resistance meant that the implications of certain laws and measures described as anti-democratic were not yet being widely felt, despite the potential threats they could pose to individual freedoms and democracy in the future.

Subscribe

spot_imgspot_img