News
Rising costs sour festive mood for some
3+ hour, 4+ min ago (786+ words) Less crowds shopping for new clothes for the festive season. Pix by M. A. Pushpa Kumara The adverse impact of increased fuel prices, transport charges and electricity tariffs are deterring some from celebrating the Sinhala and Tamil New Year. Some say that…...
External shocks and drought portend severe hardships and economic crisis
6+ day, 15+ hour ago (473+ words) Are we likely to face a long period of shortages of essentials and an economic crisis? This is the question uppermost in the minds of our people as we face severe shortages of petrol, diesel, gas and kerosene and unprecedented…...
Economy resilient enough to weather war, while costs weigh on exporters
1+ week, 6+ day ago (1028+ words) Although the war in West Asia will have a significant impact on the Sri Lankan economy both in the short as well as long-term, Sri Lanka can control the economic consequences due to the financial stability, an economist says. In…...
Retailers drive prices of some essential food higher; middlemen also blamed
1+ week, 6+ day ago (482+ words) Prices of essential commodities, including dhal and sprats, have moved higher, with most traders using the rising fuel price as an excuse. When compared with wholesale prices three weeks ago, overall, prices of most items have increased, with a notable…...
Double crossed by bigger players, coconut husk traders bemoan
1+ week, 6+ day ago (117+ words) The Sunday Times, Sri Lanka Double crossed by bigger players, coconut husk traders bemoan Pix and text by Hiran Priyankara Jayasinghe Large scale coconut industrialists are using the crisis in West Asia to exploit cottage level coconut husk industry traders…...
Central Bank, amidst Middle East turbulence, retains benchmark interest rates
2+ week, 2+ day ago (149+ words) The Central Bank of Sri Lanka on Wednesday kept benchmark interest rates unchanged even as unrest continued in Middle East which has adversely affected fuel supplies. The decision was made at the Monetary Policy Board on Tuesday where it was…...
Small businesses suffer a heavy blow - The Sunday Times, Sri Lanka
3+ mon, 2+ week ago (287+ words) Pix and text by Rehka Fonseka" Small-scale businesses that had prepared for months for the festive season when sales are higher have felt a bigger blow from the unprecedented natural disaster. Even owners of small home-based garment shops, operating with…...
Problem, that's not a problem! - The Sunday Times, Sri Lanka
3+ mon, 2+ week ago (1001+ words) How could it be a problem? How much the people who live in Colombo long for holidays to travel to their villages and birth places in the countryside? How much they, while living in Colombo, would appreciate the beauty of…...
The IMF is missing in action
10+ mon, 2+ week ago (716+ words) Yet with globalisation facing its greatest threat in the postwar period, and with global external economic imbalances set to rise, the IMF seems to be missing in action. Instead of pursuing an active. .. The IMF is missing in action By…...
Special fixed deposit Scheme for elderly citizens announced
9+ mon, 3+ week ago (96+ words) A special'fixed deposit scheme for deposits opened by senior citizens in the next six months has been approved by the 'Cabinet of Ministers. The proposal was submitted' by President Anura Kumara Dissanayake in the capacity of the Finance Minister. Accordingly,…...